Business Law Basics for the CPA (Completed)

Date: Tuesday, February 18, 2020
Instructor: David Osburn
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

David Osburn will provide the CPA with a basic framework of Business Law including the judicial process. Emphasis will be placed on how the legal system can help/harm the CPA’s client including how to avoid a lawsuit through maintaining both ethical behavior and effective negotiations.

A review of the judicial process, alternatives to litigation including arbitration and mediation, and the client’s business structure (from a legal perspective), will be displayed.

This webinar will also cover the nature and characteristics of contracts (promissory note/ lease), problem loan situations, collection efforts, judgments, repossession, foreclosure, short-sale, and deed in lieu of foreclosure. Additionally, bankruptcy and banking regulations will be discussed. This webinar is a must for all CPAs who want to better understand business law basics and help their client’s avoid expensive, unwanted litigation!

Who Should Attend
CPAs, CFO/controllers, financial managers, auditors, financial analysts and practitioners who provide accounting, tax or consulting services to businesses.

Topics Covered

  • The difference between Law and Ethics and Why It Matters
  • Negotiations and the Law
  • The Judicial Process including the Stages of Litigation
  • Alternatives to Litigation including Arbitration and Mediation
  • The Client's Business Structure and the Law
  • The Nature and Characteristics of Contracts (Promissory Note/ Lease)
  • Problem Loan Situations (What Happens when a "Good" Loan Turns "Bad")
  • Collections (How Hard Can a Creditor Push?)
  • Judgments, Repossession, Foreclosure, Short-Sale, and Deed in Lieu of Foreclosure
  • Bankruptcy Chapters (7, 9, 11, 12, and 13)
  • Overview of Banking Regulations

Learning Objectives

  • Identify a basic framework of business law
  • Recognize how the legal system can help/harm the CPA's client including how to avoid a lawsuit through maintaining both ethical behavior and effective negotiations
  • Describe the nature and characteristics of contracts

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Business Law (2 hours)

Program Prerequisites
None

Advance Preparation
None

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