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

Out Of Print

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 bookkeeping, 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. The 2006-2007 edition also features revised coverage of VAT and a series of short-answer questions on the operation of the Solicitors' Accounts Rules appears in the final chapter.

Each chapter starts with an overview of the areas to be covered. 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:-

• Revised coverage of VAT ensures that this complex topic is clearly explained, making it as easy as possible for students to understand
• Each exercise includes a recommended time limit, enabling students to chart their progression through the subject and identify for themselves areas where they might be struggling
• New, interactive exercises available via the Online Resource Centre, encourage students to apply their knowledge to the given scenarios, ensuring they are fully prepared for the accounts they may be faced with in practice
• The established test bank is fully updated to match the 2006-2007 edition and offers lecturers an excellent testing resource which is fully referenced to the material within the manual itself
• The text covers all the key topics required by the Law Society, including double-entry bookkeeping, and the accounts of sole owners, partnerships, and companies, allowing lecturers to fully rely on the text as a complete resource for their LPC students
• The Solicitors' Accounts Rules are referenced where appropriate throughout the text. Questions are included to assess students' understanding of the operation of the Rules, ensuring that readers grasp the full importance of compliance with these important regulations