Overview
The 2002 Annual Report of the Solicitors Disciplinary Tribunal stated that financial irregularity and breaches of the Solicitors Accounts Rules 1998 were the predominant cause of misconduct in approximately a third of the cases it heard. It is therefore essential that all students in Legal Practice Course and all practicing Solicitors have a good understanding of accounting principles.
This book starts with basic bookkeeping principles and develops an analysis of the provisions of the Solicitors Accounts Rules 1998. This leads to an explanation of specific areas,for example, VAT accounting for disbursements, stakeholding and retirement from practice.
Accounts for Solicitors will be of value to solicitors and their accounting staff, as well as students on the Legal Practice Course and trainees.
Synopsis
The 2002 Annual Report of the Solicitors Disciplinary Tribunal stated that financial irregularity and breaches of the Solicitors Accounts Rules 1998 were the predominant cause of misconduct in approximately a third of the cases it heard. It is therefore essential that all students in Legal Practice Course and all practicing Solicitors have a good understanding of accounting principles.
This book starts with basic bookkeeping principles and develops an analysis of the provisions of the Solicitors Accounts Rules 1998. This leads to an explanation of specific areas,for example, VAT accounting for disbursements, stakeholding and retirement from practice.
Accounts for Solicitors will be of value to solicitors and their accounting staff, as well as students on the Legal Practice Course and trainees.