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LPC: Solicitors' Accounts: A Practical Guide 2009 - 2010

LPC: Solicitors' Accounts: A Practical Guide 2009 - 2010

Author: Dale Kay; Janet Baker
Publisher: Oxford University Press
ISBN: 9780199574643
Published In: August 2009
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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This text makes extensive use of examples and exercises, which encourage students to practice what they have learnt by applying accounting principles and methods to scenarios that they could expect to encounter once they become solicitors
Detailed coverage of all of the key topics required by the Solicitors' Regulation Authority, including double-entry book-keeping 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 text is accompanied by an online test bank of multiple choice questions, which enables lecturers to direct students towards appropriate resources in order to assess their students' understanding of a subject
Comprehensive explanations put the principles of accounts into context so that students are able to understand the relevance of accounts for practice
A detailed checklist of key points is included at the end of each chapter to highlight the key concepts covered and aid students in their revision

New to this edition

Examples have been updated to reflect any changes to tax that have been caused by changes to the 2009 budget
The test bank of questions has been fully updated to complement the 2009-2010 edition and offers lecturers an excellent testing tool which is fully referenced to the material within the manual itself

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 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 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.

Written by experienced former LPC tutors, the guide is essential reading for students and a useful reference source for practitioners.

Online Resource Centre
Solicitors' Accountsis accompanied by an Online Resource Centre designed to encourage students to apply their knowledge of accounts. Interactive exercises are provided for students and a test bank of questions enables lecturers to assess their students' understanding of accounts.

Readership: Trainee solicitors studying accounts on the Legal Practice Course; recently qualified practitioners.

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: Short answer questions and revision questions on solicitors' accounts

Dale Kay, Former Senior Lecturer, School of Law, Manchester Metropolitan University, and Janet Baker, Partner in Private Practice, Fomerly Senior Lecturer, Leeds Metropolitan University