Subjects:

Legal Manuals

Contents:

1. Introduction to solicitors accounts and basic bookkeeping

2. The trial balance

3. Final accounts

4. Adjustments to final accounts

5. Further adjustments to final accounts

6. Partnership accounts

7. Basic accounting concepts and trading accounts

8. Company accounts

9. Group companies and consolidated accounts

10. Interpretation of accounts and accounting ratios

11. Basic solicitors accounts

12. Transfers and mixed money

13. Value added tax

14. Financial statements and property transactions

15. Deposit interest and interest payable to clients

16. Probate transactions

17. Further transactions

18. Revision exercises and questions on solicitors accounts

Solicitors' Accounts provides a user-friendly guide to a subject that often poses serious problems for students unfamiliar with the principles and practice of accounting. It provides comprehensive, up-to-date coverage of all areas required by the Law Society for business accounts and solicitors' accounts on the Legal Practice Course, including full coverage of double-entry book-keeping and final accounts of sole owners, partnerships and companies. It also deals with the Solicitors' Accounts Rules and the practical application of these in solicitors' accounts, including property and probate transactions.

Each chapter starts with an overview of the areas to be covered and also states the learning objectives the student should aim to achieve. At the end of each chapter there is a checklist of the key areas students must be able to understand, followed by graded self-test questions which suggest to the student how long they should spend completing them and what they should move onto next.

New to this edition:-

'Intended outcomes' are listed at the start of each chapter so that students are aware of what they will be covering, making it easier for them to chart their own progression
• The test bank of multiple choice questions has been fully updated to match the 2007-2008 edition and offers lecturers an excellent testing tool which is fully referenced to the material within the manual itself
• A new mock invoice has been added to the VAT chapter, ensuring this section of the book makes clear the differences between principal and agency methods of accounting, and aiding students' understanding