Description
Book SynopsisSolicitors'' 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 Solicitors'' Regulation Authority 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. Contextual examples are used throughout the chapters demonstrating how the principles of accounting should be applied to situations in practice. At the end of each chapter there is a checklist of the key areas students must
Table of Contents1. 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. Short answer questions and revision questions on solicitors' accounts
