Forensic Accounting For Lawyers

Overview

This course will greatly assist lawyers in understanding forensic accounting, and how to get the most from their accounting expert. It will also help in understanding the work produced by the forensic accountant, and provide a critical approach to its assessment. It will also provide tools to assess financial statements and areas of loss calculation and financial issues.

Delegates:

  • Paralegals
  • Apprentices
  • Trainee solicitors
  • Qualified solicitors (PQE guide)
  • Partner
  • Advocates
  • Legal execs

The programme is a blended programme made up of pre-recorded videos and online live sessions (as well as some reading, case studies and knowledge checkers). There will be two online live sessions built into the programme; the first of which focuses on generic matters that apply to all professionals, while the second live session will be tailored towards areas of Civil or Criminal. Attendance at these sessions will be mandatory in order to complete the programme. The live sessions are broadcast at regular intervals throughout the year to offer maximum flexibility, typically in the evening to avoid interference with your working life. Your Programme Handbook will advise you on the best time to join these online live sessions; details of how to book the live session will be contained within the confirmation email sent when enrolling onto the programme.

Outline

Forensic accountants are used greatly in many types of legal cases, from commercial disputes, to divorce and fraud. It is the solicitor who, in the main, decides whether the accountant is needed, and then instructs and deals with the expert throughout. This course will greatly assist in this process. However, there is not always a need to instruct an accountant and much of the work of the forensic accountant can be carried out by the solicitor.

The course is delivered through on-line lectures, completed in the delegate's own time and convenience. These sessions involve case studies, and a bank of self-test questions. There are in addition two on-line live training sessions, which take place on an evening and/or on a Saturday morning; both are for 1 ½ hours, working directly with the tutor and other delagtes.

Topics covered: 

Understanding the accounting profession:

  • The work they do and specialisms

The Financial Statements

  • Explaining the Trading and Profit and Loss Account and Balance Sheet
  • Important ratios
  • How to analyse a set of accounts – a fool proof methodology

The manipulation of Financial Statements

  • The main methods of manipulation
  • How to spot manipulated accounts
  • What to do about it
  • Case studies demonstrating the above

The Forensic Accountant and Experts

Expert accountants:

  • Who they are
  • What they can do: the types of work
  • When should they be instructed
  • How to instruct them
  • How to deal with them as the case progresses
  • How to keep costs to an acceptable level

Commercial and Civil cases

The assessment of damages – how they are calculated:

  • Business Interruption cases: the mechanics of the calculations and the areas of consideration: cases studies to demonstrate the issues and calculations
  • Personal injury assessments: the elements of the calculations of loss and case studies covering important issues
  • Security for costs assessments: what are issues and how can liquidity and impecuniosity be assessed

Company and Share valuations

  • When are these required?
  • The types of valuations: earnings, balance sheet, dividend and DSC
  • Methodologies used
  • Pitfalls to avoid
  • Bespoke valuations for certain industries and professions
  • Case studies demonstrating the above

 

CPD Hours: 18 

CPD Points: 18

Price: £348.00 (excludes VAT)
Quantity: