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Unit of Study LEGL2005 - Legal and Conveyancing Practice (2024)

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Unit Snapshot

  • Enrolment information

    N/A

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

Availabilities

Location Domestic International
Online
Term1,3
N/A

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:

identify the relevant legal and book-keeping requirements involved in the financial management of a legal services practice

demonstrate an understanding of basic accounting principles and concepts, and the application of these principles

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.

Prescribed learning resources

Prescribed Texts
  • Wilson, V, Freeman, S & Freeman, J, 2010, Accounting - A Practical Approach, 3rd edn, Pearson, Sydney. ISBN: 9781442528000 .
Prescribed Resources/Equipment

  • Access to a computer and reliable internet connection.

Prescribed Texts
  • Wilson, V, Freeman, S & Freeman, J, 2010, Accounting - A Practical Approach, 3rd edn, Pearson, Sydney. ISBN: 9781442528000 .
Prescribed Resources/Equipment

  • Access to a computer and reliable internet connection.

Prescribed Learning Resources may change in future Teaching Periods.