Finance for Lawyers


Finance for Lawyers

Start 07/31/2024 - 9:00 AM
End 07/31/2024 - 3:45 PM


Please note: Your Zoom webinar link will be labeled “July 2024 NY Bridge the Gap.” This is the correct link. You are only required to join this session at its scheduled time. 


Learn the key financial concepts that all lawyers need to know to make dealing with your clients’ financial matters more manageable and ethical.

Topics to be discussed include:



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


Foundations of Modern Accounting and the Basic Equation of Finance; Financial Statements

  • Balance sheets
  • Income and cash flow statements
  • Financial statements
  • Statement of equity and other comprehensive income
  • Auditor’s report


Accounting Methodologies and Principles: Accrual vs Cash Basis


Who’s Who in Financial Reporting: Government and non-government regulators


Private Company Accounting

  • Big company vs. small company GAAP
  • Role of finance in a company and related legal support
  • Private companies and the CPA
  • Alternative services – reviews and compilation


Key Numbers and Ratios

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


Present Value Concepts and Business Valuations

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


The Lawyer’s Role in Financial Audits: Ethical Considerations

  • ABA and AICPA joint process
  • Dealing with conflicts of interest


Basic Concepts of Financial Investment

  • Risk vs. return
  • Modern portfolio theory and diversification


Financial Fraud Schemes: Ethical Responsibilities




Joseph Novello, CPA, MBA, The Financial Training Organization

Moderator: Bari Chase, Esq., Director, NYCLA CLE Institute



7.5 NY Credits: 6 Skills; 1.5 Ethics; Transitional and Non-transitional; 7.5 NJ Credits: 1 Ethics; 6.5 General



To register: click the Register button below. The website will prompt you to log in or create an account to complete the checkout. If you are not a member, please join the membership before completing the checkout to take advantage of the member’s price. Registration closes 30 minutes before the program.

For technical and account-related issues, please get in touch with us at

Webinar Link: After completing the checkout, you will receive a separate email with webinar access instructions. That email will arrive closer to the program start time. If you are still waiting to receive an access email 30 minutes before the program, please email

Course Materials: We will email the link to download course materials 30 minutes before the program starts.

CLE Certificates (if applicable): After verifying your attendance, we will add your certificate to the “Download CLE Certificates” page, which you can access from your “My Account” page.

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