Essential Accounting Principles Every Attorney Should Know

Michele Avery
Michele Avery | LaPorte CPAs & Business Advisors

Michele’s experience includes extensive business valuation, quality of earnings analysis, financial due diligence, financial modeling, and forensic accounting across numerous industries and for closely held businesses.

On-Demand: March 22, 2024

2 hour CLE

Tuition: $195.00
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Program Summary

This is a comprehensive program designed to provide lawyers with a solid understanding of accounting principles essential for legal practice. The program covers key topics such as understanding the different roles CPAs play in accounting and financial matters, and understanding the professional standards CPAs operate under. Understanding the distinctions between audits, reviewed financial statements, compiled financial statements, tax returns and other financial services provided by CPAs. Additionally, the program familiarizes attendees with essential accounting key terms, definitions, and lingo commonly encountered in financial contexts. The program includes an in-depth examination of financial statements, ratio analysis, and an overview of federal tax forms relevant to legal practice.

Key topics to be discussed:

  • The CPA Profession
  • Professional standards
  • Accounting service categories
  • Attest engagements
  • Accounting Key Terms, Definitions and Lingo
  • Financial Statements
  • Ratio Analysis
  • Federal Tax Forms

Closed-captioning available

Speakers

Michele Avery_myLawCLEMichele Avery | LaPorte CPAs & Business Advisors

Michele’s experience includes extensive business valuation, quality of earnings analysis, financial due diligence, financial modeling, and forensic accounting across numerous industries and for closely held businesses. She provides business valuations for transactions, estate and gift matters, marital dissolution proceedings, disputes amongst business ownership, and business owner exit planning.

In addition, Michele serves as an expert in litigation concerning these areas as well as in lost profits analysis, shareholder disputes, and insurance claims. She has been qualified as an expert in valuation, economic damages, lost profits analysis, and accounting in Louisiana and Mississippi courts of law. She has provided numerous articles and presentations within her areas of experience.

Michele is the co-leader of LaPorte’s Transaction Advisory Services group. Michele works with buyers and sellers to determine deal pricing and structure. This includes advanced analysis of business value, quality of earnings, net cash flows and returns on investment.

Agenda

I. The CPA Profession | 2:00pm – 2:15pm

II. Professional standards | 2:15pm – 2:30pm

III. Accounting service categories | 2:30pm – 2:45pm

IV. Attest engagements | 2:45pm – 3:00pm

Break | 3:00pm – 3:10pm

V. Accounting Key Terms, Definitions and Lingo | 3:10pm – 3:25pm

VI. Financial Statements | 3:25pm – 3:40pm

VII. Ratio Analysis | 3:40pm – 3:55pm

VIII. Federal Tax Forms | 3:55pm – 4:10pm

Credits

Alaska

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Alaska's recognition of multi-jurisdictional reciprocity.
Alabama

Pending CLE Approval
2 General

Arkansas

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Arkansas's recognition of multi-jurisdictional reciprocity.
Arizona

Approved for CLE Credits
2 General

California

Approved for CLE Credits
2 General

Colorado

Approved for Self-Study Credits
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 General hours

Delaware

Pending CLE Approval
2 General

Florida

Approved for CLE Credits
2 General

Georgia

Approved for CLE Credits
2 General

Hawaii

Approved for CLE Credits
2 General

Iowa

Pending CLE Approval
2 General

Idaho

Pending CLE Approval
2 General

Illinois

Approved for Self-Study Credits
2 General

Indiana

Pending CLE Approval
2 General

Kansas

Pending CLE Approval
2 General

Kentucky

Pending CLE Approval
2 General

Louisiana

Pending CLE Approval
2 General

Massachusetts

No MCLE Required
2 General hours

Maryland

No MCLE Required
2 General hours

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 General hours

Minnesota

Approved for Self-Study Credits
2 General

Missouri

Approved for CLE Credits
2.4 General

Mississippi

Pending CLE Approval
2 General

Montana

Approved for Self-Study Credits
2 General

North Carolina

Pending CLE Approval
2 General

North Dakota

Approved for CLE Credits
2 General hours

Our programs are CLE-eligible through North Dakota’s recognition of multi-jurisdictional reciprocity. Section 1, Policy 1.14
Nebraska

Pending CLE Approval
2 General

myLawCLE reports attendance to Nebraska on each attorney's behalf for all programs. Please do not self-report.
New Hampshire

Approved for CLE Credits
2 General

As of July 1, 2014, the NHMCLE Board no longer provides pre- or post-approval of courses. Attendees must self-determine whether a program is eligible for credit, and self-report their attendance online at www.nhbar.org, based on qualification provisions of Rule 53.
New Jersey

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New Jersey's recognition of multi-jurisdictional reciprocity, except for the courses required under BCLE Reg. 201:2
New Mexico

Approved for Self-Study Credits
2 General

Nevada

Pending CLE Approval
2 General

New York

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “A”.
Ohio

Approved for Self-Study Credits
2 General

Oklahoma

Pending CLE Approval
2.5 General

Oregon

Approved for CLE Credits
2 General

Pennsylvania

Approved for Self-Study Credits
2 General

Rhode Island

Approved for Self-Study Credits
2.5 General

South Carolina

Pending CLE Approval
2 General

South Dakota

No MCLE Required
2 General hours

Tennessee

Pending CLE Approval
2 General

Texas

Approved for CLE Credits
2 General

Utah

Pending CLE Approval
2 General

Virginia

Not Eligible
2 General Hours

Vermont

Approved for CLE Credits
2 General

Washington

Approved for Self-Study Credits
2 Law and Legal

Wisconsin

Approved for Self-Study Credits
2 General

West Virginia

Pending CLE Approval
2 General

Wyoming

Pending CLE Approval
2 General

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