Professional Development Series
The Professional Development Series is a weekly podcast series devoted to our newly sworn in attorneys and young lawyers. The PDS will present programs bringing basic skills training, introducing the business of the law, educating on mental health issues, and showcasing long term career options. Programs will come from a variety of sources locally and from around the country. If you are interested in contributing content, contact Chris Fortier at firstname.lastname@example.org.
Financial Statements and Accounting
Managing a law firm, while your own or your boss’s firm, requires knowledge of the finances. The business of law not only requires knowledge of the law but knowledge of business principles, one of which is finance and accounting. Get to know the basic terms of accounting and how they interact with one another. This 90 minute course gives you the basic knowledge to navigate your firm’s financial statements.
Faculty: Matt Alanis, Willow International Center, Fresno, CA
Who Needs Accounting? (4:45)
What Do Accountants Do? (15:50)
Financial Accounting (17:57)
Generally Accepted Accounting Principles (20:30)
Balance Sheet/Assets, Liabilities, Equity (26:00)
Income Statements/Revenue, Expenses, and Net Income (46:27)
Cash Flow Statement (54:52)
Interpreting Independent Auditor’s Reports (1:01:42)
Financial Statement Notes (1:04:54)
Managerial Accounting/Types of Costs (1:08:00)
Enjoy past broadcasts of the Professional Development Series by topic area. If you have trouble accessing a past broadcast or have any questions about the series, contact Chris Fortier at email@example.com
Business of Law
Physical and Mental Health
Programming comes from the VSB Young Lawyers Conference, the American Bar Association Young Lawyers Division, and other sources with their permission.