Family Law 101 2024

Thursday, February 27, 2025
Webcast or Webinar, Online
11:00AM - 2:30 PM (opens at 10:30AM) EST
4Credits

Registration is Open

Members
$159.00 Regular Price
Non-Members
$209.00 Regular Price

CPE PowerPass Users

Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.
$80.00 Members / $112.00 Non-Members
Course Type: Webcast
Course Code: 24/3125410
Level: Basic
Vendor: California CPA Education Foundation
Field of Study: Specialized Knowledge

Overview:

Divorce forensic accounting is unique in the realm of financial investigations. This course introduces the analyst to forensic accounting, discusses the expectations of the forensic accountant in the divorce process, and provides an introduction to some of the analyses requested by the analyst. Careful analysis of tax returns and supporting financial information is critical to accurately calculating cash flow for alimony and/or child support and valuing a business. This course provides insight into how to perform these basic calculations.

Objectives:

• Identify the basic rules that forensic accountants needs to know for family law engagement • Determine the basis of preparing a cash flow analysis for family law purposes • Recognize ways that business assets and income may be concealed • Discovery techniques for unreported income, non-necessary business expenses and owner perks

Major Topics:

• Lifestyle issues: Does the client's lifestyle reflect the level of reported income? • Undisclosed income • Transfers of cash between multiple bank accounts, related party transactions and mortgage refinancing • Owner perks • Tax deductions vs. family law deductions • Business entity-related issues such as partnerships, S corps and corporations

Major Topics:

• Lifestyle issues: Does the client's lifestyle reflect the level of reported income? • Undisclosed income • Transfers of cash between multiple bank accounts, related party transactions and mortgage refinancing • Owner perks • Tax deductions vs. family law deductions • Business entity-related issues such as partnerships, S corps and corporations

Designed For:

Beginning forensic accountants or intermediate accountants who need a refresher course.

Prerequisites:

None