Location & Date
Location:
Law Society of Scotland
Atria One
144 Morrison Street
Edinburgh
EH3 8EX
Atria One
144 Morrison Street
Edinburgh
EH3 8EX
Date: 7th August 2024
Time: 09:00 - 16:30
Training Details
In-person:
You'll have the option to attend this CPD training in person
Spaces:
15
CPD Hours: 6
Register & Details
6 hours verifiable CPD | In-person
Attend this one-day training course, run by our Financial Compliance Team, to get an extensive and up-to-date overview of the current Accounts Rules and accounting records required in manual bookkeeping.
Compliance with the Accounts Rules and record keeping requirements is essential for every Scottish Solicitors’ Practice Unit. It is critical that the Rule requirements are understood to ensure that all of the required books and records are accurate, correctly held and maintained, and that systems and procedures are kept up to date.
Learning outcomes:
- Knowledge on how to maintain the required accounting records on a manual system, including the maintenance of cashbooks, client ledgers and firms accounting records
- Insight into the procedure required to complete monthly/quarterly reports and reconciliations required by the Accounts Rules
- Full overview of the compliance requirements of the Accounts Rules
- Understanding on how to complete the Accounts Certificate which must be submitted digitally online to the Law Society every six months, or annually depending on whether a client account / client funds are held
Speakers
Programme
09:00 Registration and refreshments
09:30 Welcome and introduction
09:40 Introduction to Accounts Rules record keeping requirements for compliance with the Rules
09:50 Review manual accounting records: Write up daily postings to cashbooks and ledgers
11:00 Refreshments and comfort break
11:20 Continue with review and preparation of manual accounting records
13:00 Lunch
13:45 Manual accounting records - Month-end procedures: Prepare bank reconciliations and month-end reports
14:45 Refreshments and comfort break
15:05 Complete manual accounting records – Month-end procedures
15:50 General Accounts Rules compliance: Accounts Certificate submissions
16:20 Final comments and questions
16:30 Close of day
Prices (prices exclude VAT)
Member:
£253.05
New member:
£215.09
Non-member:
£291.01
Member (Early Bird):
£202.44
New member (Early Bird):
£172.07
Non-member (Early Bird):
£232.81
Unemployed member:
free