Course description
The finance department of a law firm is responsible for managing the day-to-day transactions and finances of the business.
This includes bookkeeping, preparation of balance sheets, cash flow reports, financial statements, record keeping and reporting. It also includes managing the payroll and accounts of the business. The finance department will also be involved with managing and conducting internal audits and ensuring compliance with the SRA Accounts Rules.
Nearly all firms that transact client money will have a legal cashier, or in larger firms, a team of cashiers with the role being segregated into areas such as credit control, billing, compliance, management accountants and cashiering.
This new virtual classroom seminar is ideal for new starters and for those returning to legal practice and accounts and will provide delegates with an introduction to legal finance and explain how this fits within legal practice.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The finance department of a law firm is responsible for managing the day-to-day transactions and finances of the business.
This includes bookkeeping, preparation of balance sheets, cash flow reports, financial statements, record keeping and reporting. It also includes managing the payroll and accounts of the business. The finance department will also be involved with managing and conducting internal audits and ensuring compliance with the SRA Accounts Rules.
Nearly all firms that transact client money will have a legal cashier, or in larger firms, a team of cashiers with the role being segregated into areas such as credit control, billing, compliance, management accountants and cashiering.
This new virtual classroom seminar is ideal for new starters and for those returning to legal practice and accounts and will provide delegates with an introduction to legal finance and explain how this fits within legal practice.
What You Will Learn
This live and interactive session will cover the following:
- The role of the legal finance professional/cashier
- Double entry bookkeeping - the basics
- Client, business, and petty cash accounts
- SRA Accounts Rules - an overview
- Banking
- Disbursements and recharges - an overview
- Practice management software and reporting
- The reporting accountant and the annual audit
- The regulator and investigations
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...