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Joseph A. Bailey - Law Firm Accounting and Financial Management ebook DOC

9781588520418
English

1588520412
A guide to fundamental management, tax reporting and accounting strategies. This book demonstrates how to: make maximum use of your firm's financial reports; develop a program to improve your firm's profitability; use operating statistics as a management tool; automate accounting and financial information systems; and more., Accounting experience not required Whether you are a partner, an executive director, or a law firm CFO, the new Fifth Edition of Law Firm Accounting and Financial Management helps you manage your law firm effectively. Featuring lucid explanations and illustrative exhibits, the new edition the most comprehensive and detailed version to date discusses the latest management, tax planning and accounting strategies for law firms; new information reporting requirements; and special issues affecting multinational firms. Topics covered include: fundamentals of law firm financial information, with easy-to-understand examples of the data involved; financial management concepts, such as profitability analysis, profit center accounting, budgeting, long range planning, project management and organizing the finance function within the law firm environment; tax planning and reporting, with discussion of compliance, retirement and pension plans; law firm structures, with discussion of the use of umbrella structures by multinational law firms and the issues raised by cross-border practices; and advanced accounting and financial considerations for law firm management. Advanced topics include: managing risk; pricing strategies, management information reporting; benchmarking; property acquisition; M&A accounting and strategies for successful mergers; capital structures and financing; the uniform task-based management system; and partner compensation.", Accounting experience not required! Whether you are a partner, an executive director, or a law firm CFO, the new Fifth Edition of Law Firm Accounting and Financial Management helps you manage your law firm effectively. Featuring lucid explanations and illustrative exhibits, the new edition -- the most comprehensive and detailed version to date -- discusses the latest management, tax planning and accounting strategies for law firms; new information reporting requirements; and special issues affecting multinational firms. Topics covered include: fundamentals of law firm financial information, with easy-to-understand examples of the data involved; financial management concepts, such as profitability analysis, profit center accounting, budgeting, long range planning, project management and organizing the finance function within the law firm environment; tax planning and reporting, with discussion of compliance, retirement and pension plans; law firm structures, with discussion of the use of umbrella structures by multinational law firms and the issues raised by cross-border practices; and advanced accounting and financial considerations for law firm management. Advanced topics include: managing risk; pricing strategies, management information reporting; benchmarking; property acquisition; M&A accounting and strategies for successful mergers; capital structures and financing; the uniform task-based management system; and partner compensation.

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