Family Law 101 | 4193809A

Date :
May 30, 2019 8:30 AM - 12:00 PM
Location :
San Francisco Peninsula
Facility :
CalCPA Conference Room C - Burlingame
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Level of Difficulty :
Basic
Member Price :
150.00
Nonmember Price :
201.00
CPE Credits :
CPE 4.00, MCLE 3.00, MCLE LS-FL 3.00
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Divorce forensic accounting is unique in the realm of financial investigations. Tax strategies and activities designed to punish the spouse do not always align and require special discovery techniques to uncover. Careful analysis of tax returns and supporting financial information is critical to an accurate calculation of cash flow and valuation purposes. Get current in this interactive class, which will include case studies to drive home points.

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, as well as discovery techniques for unreported income, non-necessary business expenses and owner perks.

Major Subjects:

  • Behavior indicators dealing with real estate, control of money and other community property.
  • 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.

Advanced Prep:

None.

Misc. Information:

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Level of Difficulty:
Basic
Field of Interest:
Accounting
Prerequisites:

None.

Designed For:

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

Instructors

Kathryn Ann Johnson, CFF, CGMA, CPA, MBA

Kathy A. Johnson 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.

Materials:

  • Materials - Hardcopy Textbook
  • Materials - ebook