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Program Description

Accounting for Lawyers



Provided By: New York City Bar

Approved for CLE credit in: AK,AZ,CA,ME,MO,ND,NJ,NY,WV

No matter what an attorney's more specific area of practice, the ability to read and understand basic financial information adds value to delivering high-quality services to clients. Accounting for Lawyers is designed for all lawyers who need and want to gain a clearer understanding of accounting and financial statements and the use of such information in real-life practice situations. Offering both a traditional step-by-step instruction on the basics of the financial statements, as well as an in-depth, practical case study, the course offers the practicing lawyer the skills to read and interpret accounting and financial statements as it may apply to diverse professional matters.

This program was recorded on February 13th, 2009.


9:00 - 9:05 a.m. Introduction

9:05 - 10:25 a.m. Reading a Set of Financial Statements

  • Balance Sheet, Income Statement, Statement of Shareholders' Equity
  • Fundamental principles of recognition and measurement: revenue, expenses
  • Use of fair value; materiality; contingencies
    Shari Helaine Lichtman

    10:25 - 10:40 a.m. Break

    10:40 - 12:00 p.m. Case Studies
  • Looking beyond the basic facts provided
  • Applying revenue recognition rules to complex situations (2 case studies)
  • The role of attorneys and ethical considerations
    Sandy Cheshire

    This program was recorded on February 13th, 2009.

  • CLE Credit Information

    Click on the state abbreviation to find the CLE Credit Information for your state.

    This program is has been approved for credit in AK,AZ,CA,ME,MO,ND,NJ,NY,WV

    Experienced attorneys only (non-transitional)

    Similar Programs

    No related programs information available.

    Panelist Biographies

    Sandy Cheshire

    Director, Operations & Strategy
    AIG Domestic Claims, Inc.

    Sandra K. Cheshire is Director of Operations & Strategy with AIG Domestic Claims, Inc. Previously she had her own private practice, she served as General Counsel at Universal Assurors, Inc., and was Assistant Counsel with Lincoln National Corporation. Ms. Chesire holds a CPA in Ohio (inactive). She was awarded a CPCU (Chartered Property Casualty Underwriter). She has been awarded an Associate in Reinsurance, REsearch & Planning, Risk Management, Insurance Services, Surplus Lines Insurance, Loss Control Management, Regulatory Compliance and Insurance Accounting & Finance by the Insurance Insistute of America. She teaches Accounting for Lawyers and Income Tax Accounting at New York University. Ms. Cheshire is admitted to practice law in Ohio, New York, New Jersey. She is also admitted to practice, but inactive in Indiana & Nebraska. Ms. Cheshire holds a B.A. from Capital University (Magna Cum Laude); a J.D. & M.B.A. from Ohio State University; and a L.L.M. from New York University.

    Shari Helaine Lichtman

    Attorney & CPA
    Litigation, Consulting and Education

    Shari Helaine Lichtman is an Attorney & CPA who has developed her own niche, combining traditional legal practice with forensic accounting and complex discovery management. For her professional practice, she helps fellow attorneys, as part of complex litigation teams, successfully execute matters which concern specialized issues of accounting. Her professional experience includes participation on some of the most exciting securities and shareholder actions of the last two decades as well as employment earlier in her career with the largest accounting firms. As a gifted and engaging speaker, Ms. Lichtman brings her unique perspective on accounting and the law to CLE seminars and is part of the business faculty at NYU's School of Continuing Professional Studies where she teaches a specially designed course in forensic accounting. Ms. Lichtman holds a JD from Boston University School of Law, where she received academic honors, and a BS, magna cum laude, from School of Management, Binghamton University, where she majored in accounting.

    Bundle(s) Included

    No bundle available.
    Pricing Information

    Accounting for Lawyers



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