2+2=5 - Getting to grips with accounting and valuations

Looking to improve your knowledge and understanding in respect of the accounting side of the law?

We are hosting a series of interactive sessions with the Birmingham Law Society for solicitors and barristers, commencing in 2020.

This series of four seminars will improve and build your knowledge in respect of commonly used accounting terms as well as the more complex areas of accounting and accounting which often become the battle ground in litigious disputes.

Revolving around case studies, the sessions focus on helping you spot the problem areas from an accounting and valuation perspective.

As part of the series you will be hearing from some of Mazars’ leading professionals who have significant experience of acting in both an expert witness and advisory role. Mazars Forensics and Valuations team in conjunction with the Dispute Resolution Committee of the Birmingham Law Society are delighted to host the events aimed at newly-qualified and experienced lawyers.

Dates and Sessions

TUESDAY 28 JANUARY 2020

Session 1: Introduction to accounting

This will provide an overview of the components of a set of financial statements including an explanation of the audit report and the legislative requirements of company records. Following the session, you will be able to understand commonly used accountancy terms and pinpoint key areas of the financial statements which would require further challenge during any dispute process.

WEDNESDAY 26 FEBRUARY 2020

Session 2: Introduction to business valuation

This will provide an explanation of commonly used valuation methods including common shortfalls and subjective areas. We will also discuss the ability to sell a business and the appropriate expropriation of value. Following the session, you will be able to explain the difference between net book value and net realisable value, how to calculate a discounted cash flow and identify the key areas of judgement in valuations. You will also understand the importance of liquid assets in extracting value from a company.

MONDAY 23 MARCH 2020

Session 3: Advanced accountancy information

This session will expand on the knowledge learnt in Session 1 to further your understanding of subjective areas of the financial statements. This will include a discussion of income recognition policies and how to value work in progress and intangible assets. We will also be discussing what is meant by true and fair in accountancy terms which can be a common area of dispute for warranty claims. The session will conclude with a discussion on security for costs.

WEDNESDAY 29 APRIL 2020

Session 4: Fraud and professional negligence, presented in conjunction with Andrew Charman of St Philips Chambers

The final session will discuss the duties of accountants and auditors and also the role of accountants in identifying fraud. We will also discuss the process regarding fraud investigations and the use of forensic technology. Following the session, how accountants and lawyers are able to work together in fraud and professional negligence cases to obtain the best outcome for your clients.

TIMINGS FOR ALL EVENTS

8:00am

Registration and refreshments

8:15am - 9:30am

Roundtable discussion

LOCATION

Mazars LLP
45 Church Street
Birmingham
B3 2RT

(map )

SIGN UP HERE

Click here to register for the events

Whilst we recommend attending all sessions to benefit fully from the course, we recognise that some attendees may wish to opt-out of a specific session. Please notify us in advance if this is the case as numbers are limited.

Want to know more?

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Forensic and Investigation Services

Mazars has a range of credible Expert Witnesses and Investigations partners that have given evidence in court and arbitrations and led complex internal investigations.

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Valuations

We provide valuations of businesses, shares and intangible assets across the full spectrum of engagement types, including, but not limited to transactional valuations, financial reporting valuations, valuations for tax purposes and contentious valuations.

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