Trust and Office Accounting unit (LCA606)

Introduction

At the conclusion of this unit, you will be able to undertake appropriate general accounting and financial processes required to maintain trust and general account records according to law and good practice. You will develop knowledge and understanding of the important fiduciary, ethical and reporting obligations associated with the maintenance of trust accounts and protection of client funds using appropriate accounting and financial software. This Unit is organised into two modules: Office Accounting (for clients) and Trust Accounting. Assessment of tasks undertaken in Module 1 – Office Accounting will be mostly formative but key aspects identified by your instructor will be assessed on a summative basis. Assessment of Tasks and ‘random’ audits in Module 2 – Trust Accounting will be summative. You will be provided with opportunity to resubmit tasks that do not initially meet the required standard.

Summary

Unit name	Trust and Office Accounting
Unit code	LCA606
Credit points	12.5
College/School	Arts and Society Faculty of Law
Discipline	Centre for Legal Studies
Coordinator	Ms Emma White
Delivered By	Third Party(ies): Centre for Legal Studies
Level	Postgraduate

Availability

Specific information on 2027 unit availability will be available in August

Learning Outcomes

• Apply legal knowledge and practical concepts to maintain trust and general account records according to law and good practice
• Undertake maintenance of trust accounts and protection of client funds in accordance with relevant fiduciary, ethical and reporting obligations
• Conduct relevant financial transactions including accounts payable and receivable, journal entries and reconciliation of financial transactions
• Display competency in the use of applicable office-based and accounting software.

Fee Information

2027 fee information will be available in August.

Requisites

Prerequisites

Admission into L6B - Graduate Diploma of Legal Practice

Teaching

Teaching Pattern	Lecture - 1 hour weekly on campus Workshop - 1 hour weekly on campus Tutorial (Individualised) Tutorials - 0.5 hours as required
Assessment	Assessment Task: Trust Account Audit (30%)|Assessment Task: Trust Accounting (30%)|Assessment Task: Office Accounting Practice Exercises (40%)
Timetable	View the lecture timetable | View the full unit timetable

Textbooks

Required	See MyLO site for resources and readings
Recommended	See MyLO site for resources and readings

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.