FINANCE AND ACCOUNTING FOR IN-HOUSE COUNSEL

2017 Dates:
  • September 25-27

Financial reporting. Capital budgeting. Voluntary disclosure. When you provide guidance to your organization as corporate counsel, you have to be confident in all areas of the business –– including finance. This two-and-a-half-day course will build that confidence by teaching the key terms, core tools, and practical techniques of finance and accounting. Collaborate with world-class faculty at the prestigious Boston University Questrom School of Business, as you learn alongside rising corporate counsel from industries and corporations worldwide. You’ll even practice applying the tools in a specially selected capstone case about accounting fraud. Strengthen your confidence in your organization: make accounting and finance your strength.

In this program, you will:

  • Deepen your understanding of financial accounting principles –– including the importance of judgment and subjectivity.
  • Develop your skills and insights in corporate finance and valuation.
  • Become versed in financial risk management and the main drivers of undesirable risk.
  • Actively engage with experts and peers on critical finance issues faced by in-house counsel, including executive compensation contracts, revenue recognition practices, and more.
  • Hone your abilities as an advisor and executive in a down-to-earth, interactive environment specifically created for ACC members.
Sample Program:

Day 1 Day 2 Day 3
Continental Breakfast 7:30 am - 8:30 am 

8:30 am - 8:45 am
Introduction & Program Overview
Professor Michael Smith

8:30 am - 12:00 pm
Corporate Finance
Professor Mark Williams

8:30 am - 10:30 am
Cutting Edge Accounting
Professor Michael Smith

8:45 am - 12:00 pm

Financial Reporting
Professor Michael Smith

10:45 am - 12:15 pm
Capstone Case
Professor Michael Smith

LUNCH 12:00 pm - 1:00 pm

1:30 pm - 2:30 pm
Executive Compensation
Professor Ana Albuquerque

1:00 pm - 4:30 pm
Enterprise Risk Management for Today
Professor Mark Williams

2:45 pm - 4:30 pm
Voluntary Disclosure
Professor Francois Brochet


Session Descriptions: 
Title Description
Financial Reporting
  • Understand the format and purpose of the balance sheet, income statement, and statement of cash flows.
  • Discuss the conceptual framework underlying the measurement of assets, liabilities, revenues, and expenses.
  • Demonstrate the reporting for M&A activity.
  • Emphasize the role of subjectivity and materiality in financial reporting.
Executive Compensation
  • Identify trends in executive compensation.
  • Discuss optimal pay contracts and peer benchmarking.
  • Understand performance pay, incentives, and relative performance evaluation.
Voluntary Disclosure
  • Analyze the drivers of voluntary disclosure in capital markets.
  • Understand the role of sell-side analysts in disseminating information about publicly listed firms.
  • Debate whether the stock market is “myopic,” and whether earnings guidance is part of the problem.
Corporate Finance
  • Describe typical capital budgeting practices.
  • Discuss time value of money, sunk costs, net present value, and internal rate of return.
  • Understand the conceptual foundations of valuation.

Enterprise Risk Management (ERM) for Today
  • Understand risk identification, assessment, management/mitigation, and proper reporting.
  • Apply risk-mapping frameworks.
  • Discuss cyber risk management.
  • Identify corporate governance best practices for ERM.
  • Discuss how to build and maintain a strong and flexible risk management infrastructure for today.
Cutting-Edge Accounting
  • Gain exposure to cutting-edge topics driving financial reporting today.
  • Discuss current developments in revenue recognition, fair value reporting, and international reporting.
  • Understand the distinctions between financial and tax reporting.
  • Experience a financial reporting decision, and see its implications for reflecting and communicating the firm’s strategy.
Capstone Case: Applying the Tools
  • Work through different aspects of an accounting fraud.
  • Identify the specific accounting rules violated.
  • Understand the organizational culture and environmental forces that play a role in the decision to engage in accounting fraud.
  • Develop insight into failures of governance, judgment, and more.
Registration Information:
Program Date Early Rate Deadline Early Rate (ACC Members/Non Members*) Regular Rate (ACC Members/Non Members*) In-Transition Rate** (ACC Members only) Registration
Sept 25-27
July 20  $2,190/$2,525  $2,290/$2,625 $1,400
Open
*Must be in-house counsel to attend. Nonmember rate includes a one-year membership to ACC.
**In-Transition Rate: A special in-transition rate is available to existing ACC members who are actively seeking an in-house position on a first come, first served basis. In-transition counsel who are not current members of ACC are not eligible for this rate. Please contact Katherine Yunker (kyunker@bu.edu) for details.

Group Registration:

Any company registering two or more attendees will receive a group discount of $100 off of each registration. Registrations must be submitted on the same day to receive the discount. Each participant should register online separately, paying the full amount. After all registrations are completed one attendee must email Katie Chipman (kcc@bu.edu) the names of those who registered and a partial refund of $100 will be processed to each registrant. IMPORTANT NOTE: Payment for a minimum of two registrations must be received by 5 PM EST the same day in order to qualify for the group rate. No retroactive group rates will be given.

Program Faculty:

(for individual faculty bios, please visit the Faculty Information page)

Unless otherwise indicated, all programs take place at the Executive Leadership Center, Questrom School of Business in Boston, MA.

Boston University Programs

Boston Location:
Executive Leadership Center, Boston University Questrom School of Business,
595 Commonwealth Avenue, Boston, MA 02215

Payment and Cancellation Policy

A special Thank You to
Colleen Struss,
Chief Financial Officer / Chief Legal Officer
, AAAS, 

for advising on this program's development.