Trust and office accounting involves a consideration of both basic bookkeeping procedures and the responsibility of lawyers to account for money received on behalf of others.
This subject covers:
At the end of this subject you will be able to demonstrate the competence required of an entry level lawyer regarding trust and office accounting, by:
The content of this subject is structured as follows:
Receiving money and making outlays
Unit 1: Recognising trust and other moneys
Unit 2: Completing primary records – Trust Account
Unit 3: Understanding secondary records – trust account
Unit 4: Understanding office account and maintaining records
Unit 5: Charging fees, paying from trust and preparing statements
Maintaining trust and other accounts
Unit 6: Maintaining records of other trust money
Unit 7: Complying with further statutory requirements
You have hard copy and online resources including interactive online tutorials, and exercises which you can work through at your own pace. You will also complete an online workbook on which you will be given feedback and which will also count towards your assessment.
The course timetable sets out the milestones for you to meet, and guides you through the subject. However, other than meeting dates for submission of work and assessments, you can progress through the learning resources and tasks at your own pace, when and where it suits you.
Your lecturer is your mentor and will give you individual guidance. Your lecturer will also give you feedback, and coach you to achieve the required level of competence.