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The Practitioner’s Corner – An Accounting Guide for Attorneys

The Practitioner’s Corner is a series designed to enhance attorneys’ financial knowledge as well as dispel common misconceptions and highlight key accounting issues most relevant in legal matters and disputes. By providing a clear and comprehensive understanding of accounting and audit standards and principles, the series aims to equip attorneys with insights to help them address accounting-related challenges with greater confidence and efficiency.



Inside The Issues

Welcome to the series The Practitioner’s Corner – An Accounting Guide for Attorneys. In this series, we explore basic accounting concepts. This will include terminology, principles, methods, reports, and statements. The goal is to increase financial acumen, correct common misconceptions, and alert attorneys to the items that matter most to them and their legal practices. 

By deepening the understanding and providing clarity on these standards and principals, this series aims to equip attorneys with knowledge to help them navigate accounting-related issues more effectively in their practice of law.

Meet the Authors

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Anthony Bracco

Partner & Leader of Anchin’s Litigation, Forensic and Valuation Services Group

 

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David Beckman

Partner in Anchin's Litigation, Forensic and Valuation Services Group

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Margaret Kolb

Director in Anchin's Litigation, Forensic and Valuation Services Group

Key Accounting Methods & Concepts for Attorneys

Learn the key differences between GAAP and GAAS, and how these principles and standards apply to financial and accounting practices.

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