This all-day program will satisfy the 9 Skills and Ethics for 1st or 2nd year newly admitted attorneys in New York. **This program will be a Webinar as NYS has extended the Live Exemption to 12/31/2024. his program will satisfy the skills and ethics requirements (including 1 cybersecurity) for first and second year newly admitted attorneys in New York. The program will begin with a comprehensive look at financial concepts that lawyers need to know to make dealing with your clients’ financial matters more manageable and ethical. The topics to be discussed include: Introduction: How Lawyers Add Value to the Financial Function of a Company Foundations of Modern Accounting and Financial Statements Accounting Methodologies and Principles Who’s Who in Financial Reporting Private Company Accounting Key Numbers and Ratios Present Value Concepts and Business Valuations The Lawyer’s Role in Financial Audits: Ethical Considerations Basic Concepts of Financial Investment Financial Fraud Schemes and Ethical Responsibilities The afternoon will conclude with the cybersecurity threats lawyers are facing, as well as the precautions that should be implemented by attorneys, firms and their clients. Topics include: AI in cybersecurity Scams and how to spot them How to protect online meetings and proceedings Securing your online identity and communications Protecting client data Protecting against data breaches Best practices and ethical considerations … and more

Faculty: Joseph Novello, CPA, MBA, The Financial Training Organization; Daler Radjabov, NYCLA’s Technology/Program Attorney

*Part of All-day Bridge the Gap Learn the key financial concepts that all lawyers need to know to make dealing with your clients’ financial matters more manageable and ethical. Topics to be discussed include: Introduction Role of finance in an organization How lawyers add value to the financial function of a company Foundations of modern accounting Foundations of Modern Accounting and the Basic Equation of Finance; Financial Statements Balance sheets Income and cash flow statements Financial statements Statement of equity and other comprehensive income Auditor’s report Accounting Methodologies and Principles: Accrual vs Cash Basis Who’s Who in Financial Reporting: Government and non-government regulators Private Company Accounting Big company vs. small company GAAP Role of finance in a company and related legal support Private companies and the CPA Alternative services – reviews and compilation Key Numbers and Ratios Earnings per share (EPS) Price/earnings (PE) ratio Revenue and earnings growth Financial ratios–liquidity, solvency, profitability Present Value Concepts and Business Valuations Simple present value Value of annuities Why do you need to value a business? Business valuation methodologies Resources geared toward lawyers The Lawyer’s Role in Financial Audits: Ethical Considerations ABA and AICPA joint process Dealing with conflicts of interest Basic Concepts of Financial Investment Risk vs. return Modern portfolio theory and diversification Financial Fraud Schemes: Ethical Responsibilities

Faculty: Joseph Novello, CPA, MBA, The Financial Training Organization

*Part of All-day Bridge the Gap Join us for a discussion of the cybersecurity threats lawyers are facing with the trend toward on-line communications, data transfer and wire transfers, remote work, virtual meetings and hearings, as well as the precautions that should be implemented by attorneys, firms and their clients. Topics include: Scams and how to spot them How to protect on-line meetings and proceedings Securing your on-line identity and communications AI threat awareness Protecting client data Protecting against data breaches Best practices and ethical considerations and more

Faculty: Daler Radjabov, Esq., Technology/Program Attorney, NYCLA CLE Institute

On July 18, 2024 the IRS issued 260 pages of Final Regulations and 36 pages of Proposed Regulations that apply to distributions from Retirement Accounts as of 2025 and thereafter. PLEASE NOTE: We anticipate this to be the first CLE/CPE program of a series of programs involving the new rules. Topics to be discussed include: The changes that cover the new required beginning date for starting distributions from your retirement accounts What rules apply if you pass away prior to your required beginning date What rules apply if you pass away on or after your required beginning date What rules apply if your beneficiary is a designated beneficiary What rules apply if your beneficiary is an eligible designated beneficiary What rules apply if you have no designated beneficiary or eligible designated beneficiary of your retirement account What rules apply if you have multiple adult designated beneficiaries of your IRA account What rules apply if you have a Roth IRA account Common mistakes made involving retirement accounts And much more! Whether you are a general practitioner or not, you must become aware of these many rules. Not knowing these rules may result in substantial IRS sanctions of twenty-five percent (25%) of the amount involved in the error. There will also be a discussion of retroactive issues. The course material will include an electronic outline written by Mr. Goldberg.

Faculty: Seymour Goldberg, Goldberg & Goldberg, P.C.