Accounting for Lawyers/Mini MBA Part 1- Newark NJ

The program will cover the key financial, accounting and economic concepts, principles, and terminology to increase attorney communication and collaboration with their clients.

Key takeaways:

• Understand foundational finance, accounting and economics terminology and principles
• Understand the basic financial statements -- the balance sheet, income statement, statement of cash flows and statement of shareholders’ equity
• Understand "core” accounting concepts, eg. the matching principle and accrual accounting, historical cost, tax basis and fair value accounting and valuation methodologies
• Identify and appropriately use financial & accounting information for legal and regulatory matters
• Common claims and defenses in M&A litigation, and how accounting issues, valuations and M&A deal terms, such as earn-out provisions, are interpreted by the courts.
• Effective use of financial statement disclosures and footnotes, legal issues and use of valuations in M&A litigation, and more.