Others LPC Law Series

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

Edited by Dale Kay · Janet Baker
Oxford University Press August 2009

Specifications

ISBN-13
9780199574643
Publisher
Oxford University Press
Publication
August 2009
Format
Paperback
Jurisdiction
U.K. ? Countri(es) for reference only

Details

  • 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.

Table of Contents

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

About the Author

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

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