Ed Adams – An Essential Introduction to Accounting for Lawyers

Ed Adams – An Essential Introduction to Accounting for Lawyers

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Description

Category:
Factual Investigation | Legal Analysis & Reasoning | Legal Research | Edward S. Adams
Faculty:
Edward S. Adams
Duration:
1 Hour
Format:
Audio and Video

Description

The foundation of financial accounting includes the balance sheet, the income statement, and the statement of cash flows, as well as basic accounting concepts such as revenue recognition and the process and meaning of audits and audit opinion. A high-level working knowledge of practical accounting principles, statements and concepts is provided in this succinct, yet knowledge-packed introduction to accounting for practicing attorneys. It’s important to learn the language of business to expand opportunities for yourself and your clients.

Outline

The principles of accounting.

a.GAAP

Cash Accounting Versus Accrual.

Materiality and objectivity are related.

I’m referring to the Big Three.

A balance sheet is a statement of financial position.

The income statement is the statement of earnings.

There is a statement of cash flows.

I. There are accounting concepts.

Revenue recognition.

Depreciation is the depreciation of something.

There is aLIFO and FIFO.

Auditors and audit opinions are included.

Handouts

Faculty

Edward S. Adams's Profile

Edward S. Adams Related seminars and products: 10


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Ed Adams has been with P.E.G. for many years.

145

The number of programs presented by Ed.

8,580

Ed Adams presentation has been attended by attorneys.

Edward Adams is a professor at the Howard E. Buhse professor of finance and law at the University of Minnesota Law School.

Adams clerked for Judge J. Harvie Wilkinson III of the United States Court of Appeals for the Fourth Circuit and worked in the Chicago office of Latham and Watkins.

Scholar and author.

He is the author of 15 books and more than 30 articles on business-related issues, the two-time recipient of the University of Minnesota Law School’s Stanley V. Kinyon Teacher of the Year Award, and a 1997 M.B.A. graduate of the Carlson School of

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Adams has more than $1 billion in transactional experience in public and private offerings of equity and debt, mergers and acquisitions of public and closely held corporations, loan restructurings, receivables financing, structured finance, commercial transactions, and bankruptcies.

A board member.

Adams has served on numerous private and public company boards of directors and acted as chairman of the Noteholders Committee of one of the largest steel industry bankruptcies in American history, as well as a legal adviser to a group which sought to acquire one of America’s largest textile manufacturers.

Giving back.

Adams co-founded a project to provide free legal services to members of the community in New York, was a founding member of a project to provide free legal services to families of servicepersons serving in the Persian Gulf, and created a program at the University of Minnesota Law School to introduce disadvantaged He is a prolific lecturer who has spoken to legal, business and community groups throughout the United States and the world on a variety of legal and business topics.


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