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Finance for Lawyers
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Finance for Lawyers

3 hrs. CLE/ 3 hrs. NLS

 Export to Your Calendar 12/4/2017
When: Monday, December 4
8:30 am - 4:00 pm
Where: Regions Conference Center
One Indiana Square
Fifth Floor
Indianapolis, Indiana  46204
United States
Contact: Sherry Allan
800-266-2581


Online registration is available until: 12/3/2017
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Finance for Lawyers

Sponsored by the ISBA Membership & Membership Benefits Committee

 

3 hrs. CLE/ 3 hrs. NLS

 

Speaker

Joseph Novello, CPA, MBA, The Financial Training Organization, Metuchen, New Jersey

 

Joseph Novello began his career at Ernst & Young in New York City and obtained his CPA license in New York. He earned a bachelor's degree from Brooklyn College and an MBA in Finance from New York University. Novello has experience with several domestic and foreign Fortune companies. His positions have included the titles of Controller, CFO, Director of Planning and Analysis, and Director of Sales Operations.

 

Agenda

8:30 - 9:00 am

Top 10 Reasons Lawyers Need to Know Basic Finance Concepts (0.5 hrs. NLS)

  • Role of finance in an organization
  • How lawyers add value to the financial function of a company
  • Foundations of modern accounting

9:00 - 9:15 am

Foundations of Modern Accounting and the Basic Equation of Finance (0.25 hrs. NLS)

  • Assets = liabilities + equity
  • What are assets, liability and equity?

9:15 - 10:45 am

Financial Statements (1.5 hrs. CLE)

  • Balance sheets
  • Income and cash flow statements
  • Notes to financial statements

10:45 - 11:00 am

Break

 

11:00 - 11:30 am

Financial Statements (continued) (0.5 hrs. CLE)

  • Statement of equity and other comprehensive income
  • Management discussion and analysis
  • Auditor's report
  • SOX certifications

11:30 - 11:45 am

Accounting Methodologies and Principles (0.25 hrs. NLS)

  • Accrual versus cash basis
  • Other principles

11:45 - 12:00 pm

Who's Who in Financial Reporting (0.25 hrs. CLE)

  • Government and non-government regulators

12:00 - 1:00 pm

Lunch (on your own)

 

1:00 - 1:15 pm

Private Company Accounting (0.25 hrs. NLS)

  • Big company vs. small company GAAP
  • Role of finance in a company and related legal support
  • Private companies and the CPA
  • Alternative services - review and compilations

1:15 - 1:45 pm

Key Numbers and Rations (0.5 hrs. NLS)

  • Earnings per share (EPS)
  • Price/earnings (PE) ratio
  • Revenue and earnings growth
  • Financial ratios - liquidity, solvency, profitability

1:45 - 2:45 pm

Present Value Concepts and Business Valuations (1 hr. NLS)

  • Simple present value
  • Value of annuities
  • Why do you need to value a business?
  • Business valuation methodologies
  • Resources geared toward lawyers

2:45 - 3:00 pm

Break

 

3:00 - 3:30 pm

The Lawyer's Role in Financial Audits (0.5 hrs. CLE)

  • Aba and AICPA joint process

3:30 - 3:45 pm

Basic Concepts of Financial Investment (0.25 hrs. NLS)

  • Risk vs. return
  • Modern portfolio theory and diversification

3:45 - 4:00 pm

Financial Fraud Schemes (0.25 hrs. CLE)

 

Pricing

$199    ISBA Members

$299    Non-ISBA Members

 

Cancellation Policy

A $25 service fee will be applied to cancellations received on or before 11/27/17. No refunds on cancellations received after 11/27/17. If you send someone else in your place, please provide the ISBA with that person's name.

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