Data-Driven Decisions for Finance: Strategy, Governance and Practical Insights

Overview

While accounting and the practice of law are separate professions, the accountant must be conversant with essential legal concepts. Modern accounting practice requires familiarity with corporate legal structure, business entities, partnership operations, contracts, property rights, employment law, divorce, consumer protection, will & trusts, and even bankruptcy law. This course explores these specific areas with an emphasis on business and accounting issues. This informal and clear guide to the basic concepts of business law provides accountants with an excellent review of legal concepts that arise in any tax professional’s practice. The attendees will gain the ability to recognize and discuss general legal concepts with both client and their counsel. Knowledge is power and nowhere is that truer than in the field law. To gain such a working knowledge of law, readily understandable explanations are given to essential and related business law subjects. The accountant is guided through the complex maze of literally hundreds of legal principles from acceptance to zoning.

Highlights

Prerequisites

Work experience in a corporate staff environment, or an introductory course in information technology.

Objectives

• Identify decision questions, assumptions, and measures that support timely, defensible choices in finance and accounting contexts.
• Recognize common sources of bias, data limitations, and governance challenges that can weaken professional judgment and decision quality.
• Distinguish between data that is sufficient to inform action and data that requires additional validation, controls, or documentation.
• Select appropriate roles, metrics, and review mechanisms to support accountability, learning, and audit-ready decision-making.

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.