Legal Accounting

Course Info:

Course Introduction

This course introduces the student to the basics of trust accounting principles and the requirements of the Law Society for the maintenance of records of a legal practice. After completing this course and the basic bookkeeping course, the student possesses the ability to maintain basic books, or supervise an accountant or bookkeeper. The student learns about trust and general accounts, making entries to ledgers and journals, and doing monthly reconciliations.

Course Prerequisites

Introduction to the Legal System and Basic Bookkeeping Level 1 or equivalent knowledge and experience.

Course Notes

Students enrolled in this course receive text and/or other related resource materials. There is a final exam to evaluate student progress for this course. Participants who receive 70% or higher overall will receive a certificate.

Course Breakdown

Lesson 1: Financial Management of a Legal Practice

Lesson 2: Records of Trust Transactions

Lesson 3: Other Records

Lesson 4: Maintaining Financial Records

Lesson 5: Trust Bank Reconciliation

Program:

Of interest to:

Those who plan to work in a legal office or law firm.

Course aim:

To familiarize the student with the basics of accounting principles required by the Law Society.

Method of Delivery:

Students are enrolled at the campus with a scheduled start date and are supported by a stand-up Instructor.

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