Availabilities:

2024 unit offering information will be available in November 2023

Unit description

Introduces students to the rules, regulations and practices applicable to managing a legal or conveyancing practice with the emphasis on office and trust accounting.

Unit content

Module 1: Introduction to financial management and accounting

Module 2: Accounting to trial balance

Module 3: Special transactions

Module 4: Financial Reporting

Module 5: End of period adjustments

Module 6: Introduction to trust accounting

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:
1identify the relevant legal and book-keeping requirements involved in the financial management of a legal services practice
2demonstrate an understanding of basic accounting principles and concepts, and the application of these principles
3apply appropriate theory to the practical application of compliant trust accounting practice in accordance with the requirements of the Conveyancers Licensing Act 2003, the Conveyancers Licensing Regulation 2006, the Legal Profession Act 2004 and the Legal Profession Regulation 2005.

On completion of this unit, students should be able to:

  1. identify the relevant legal and book-keeping requirements involved in the financial management of a legal services practice
  2. demonstrate an understanding of basic accounting principles and concepts, and the application of these principles
  3. apply appropriate theory to the practical application of compliant trust accounting practice in accordance with the requirements of the Conveyancers Licensing Act 2003, the Conveyancers Licensing Regulation 2006, the Legal Profession Act 2004 and the Legal Profession Regulation 2005.

Teaching and assessment

Notice

Intensive offerings may or may not be scheduled in every teaching period. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the teaching period.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

Fee paying courses
For postgraduate or undergraduate full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.

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