Attendees at this year’s Annual Conference can complete half of the requirements for the Legal Management Finance Specialist Certificate Program.
The best part? The courses are already included in your conference registration dollars (a $479-$599 value.) Then, finish up the work with ALA’s FM2: Financial Information and Analysis eLearning course.
Learn more about the certificate program in the eLearning section of ALA’s website at alanet.org/education/online-learning/eLearning.
These six, 90-minute courses are spread throughout each day of the conference. Through case studies,
lectures, videos, readings and exams, you will be guided to evaluate presented resources in relation to your professional experiences and apply effective financial decision-making skills. Topics include General Accounting, Banking & Investment, Trust Accounting, Payroll, Taxes, and Reporting, Legal Organization Structure.
Conference registrants that want to participate in all of the sessions in the Legal Management Finance Specialist Certificate Program track will be asked to sign up for it onsite.
Participants must attend all six sessions in order to get credit for completion of FM1.
FM11: The Basic Principles of General Accounting
Date: Thursday, May 3
Time: 11:15 a.m.-12:45 p.m.
Instructor: Andrea Myers
This session focuses on an introduction to accounting department duties, accounts payable process, accounts receivable process, general ledger, general ledger accounts, account types, cash versus accrual accounting methods, and fixed asset management. We will outline duties and processes in detail in the accounting department. There will be a review of the balance sheet and profit and loss statements so that you have an understanding of where account balances reside. We'll also discuss types of expenses and the importance of understanding the main expenses that affect a law firm. We will include a discussion of depreciation and some of the methods of applying depreciation.