Family Law 101 2024
4.00 Credits
Member Price $159
Non-Member Price $209
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.
Highlights
- 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
Prerequisites
None
Designed For
Beginning forensic accountants or intermediate accountants who need a refresher course.
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
Preparation
None
Leader(s):
Leader Bios
Kathy Johnson, CalCPA Education Foundation
Kathy A . Johnson, CPA, CFF, CGMA is a partner at CPA Forensics Plus, LLP and an adjunct professor at California State University, San Bernardino and the University of Redlands. Johnson is a CPA, CFF, CGMA and holds a master’s degree in business administration from Pepperdine University. Prior to her partnership in CPA Forensics Plus, Johnson was vice president of finance for the Los Angeles Newspaper Group (Inland Division) where she gained professional experiences in roles including financial reporting, planning and analysis, operating and capital budgets (coordination and analysis), corporate governance and financial forecasting (to include profitability analysis and oversight of the month-end closing process). Additionally, Johnson assumed roles of financial leadership for divisional plans and proposals with financial implications, as well as active involvement in identifying and analyzing business improvement and operational efficiency opportunities. Johnson’s expertise is in family, civil and probate litigation support, cash flow, business valuation, business consulting and business and personal tax preparation and advisory services. She is chair of the AICPA Controllers Conference Planning Committee, vice chair of CalCPA, and chair of the Estate Planning Committee and Forensic Accounting Committee of the Inland Empire Chapter of CalCPA.
Non-Member Price $209
Member Price $159