Product Description

Improve and strengthen your family law financial IQ! This program teaches core financial knowledge commonly encountered in divorces. In addition, it incorporates key financial concepts and provides you with a strong understanding of what to ask for and how to use these concepts in navigating your client through their divorce. 

A segment of the program is a deep dive into reading and interpreting financial statements covering key concepts such as: Depreciation (section 179, accelerated and straight-line); Retained Earnings; Cash v. Accrual Accounting; and Working Capital. 

The program also covers where to identify key concepts such as owner’s compensation, partner’s guaranteed payments, and capital account information on business tax returns. The program provides tools to analyze a business profit and loss and how to identify potential personal expenses which may be disguised as a business expense. 

Our expert faculty walk you through each of these concepts providing real case experience and applications and teach you how to incorporate these financial concepts into your current cases.

Agenda & Materials

• 9:30 am - 10:20 am

  Defining Income and Case Law

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  Panel
  
• 10:20 am - 11:20 am

  Schedule C and Schedule K-1

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  Panel
  
• 11:30 am - 11:45 am

  Break
• 11:45 am - 12:50 pm

  Corporate Financial Statements (Understanding depreciation, retained earnings)

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  Panel
  
• 12:50 pm - 1:20 pm

  Business Tax Returns

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  Panel
  

Please Note

MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.

Chair

Faculty