Legal Accounting, 2nd Edition makes accounting accessible to current and prospective paralegals and articling students. It is the only manual of its kind that presents the basics of accounting with relevant examples and concrete scenarios specific to the legal environment. This text explains the main accounting principles such as double-entry bookkeeping, the preparation of financial statements and the keeping of financial records, as well as the rules of the Law Society that legal practitioners should be aware of. With this guide, readers can feel more confident in their accounting skills. Legal interns working in the real estate department of a law firm should be familiar with the general and fiduciary accounts used for electronic registration. This online chapter (Chapter 13) discusses reports generated in Teraview for payments made to search and use the e-reg™ account used to pay transfer duties and registration fees. The chapter also includes the authorization form required by the Law Society when Teraview funds are withdrawn from the firm`s e-reg™ account. A trainee lawyer should understand the particular process used by a law firm for real estate transactions. For free instructor-led resources, please contact Instructor Support. Chapter 1: Role of the Law Society of Ontario Chapter 2: Introduction to Accounting Chapter 3: Bookkeeping Chapter 4: Accounting and Trial Balance Chapter 5: Preparation of Financial Statements Chapter 6: Special Journals Chapter 7: Fiduciary Accounting Chapter 8: Adjusting Accounts for Financial Statements Chapter 9: Final Steps in the Accounting Cycle Chapter 10: Banking procedures and cash accounting Chapter 11: GST/HST, Payroll and Income Tax Accounting Chapter 12: Computerized Time and Money Management Chapter 13: Real Estate Operations (ONLINE only) Appendix: By-Laws 9, Financial Operations and Records Click here to access Chapter 13: Real Property Transactions. Click here to download the Account Charter.
Legal Accounting 2nd Edition is written by Jacqueline Asselin, Keri Nisbet and published by Emond Publishing. Digital and electronic ISBNs for legal accounting are 9781772554069, 1772554065 and printed ISBNs are 9781772554045, 1772554049. Save up to 80% on printing by going digital with VitalSource.