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Legal Accounting

This is an introductory financial accounting course that teaches the basic principles of financial law office accounting and incorporates the use of PCLaw - a time, billing and accounting software tool designed for use by business in the legal industry. Accounting topics include working with debits and credits in double-entry bookkeeping, and preparing and understanding financial statements. PCLaw is used to apply the principles of accounting to complete the accounting cycle of a law office. Particular emphasis is given to time entries, billing, disbursements, trust funds and matter management. This course also interprets the Law Society By-Laws and Rules of Professional Conduct as they apply to financial management of a law practice.