Courses & Units
Trust and Office Accounting 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 | College of Arts, Law and Education Faculty of Law |
| Discipline | Centre for Legal Studies |
| Coordinator | Ms Emma White |
| Delivered By | Third Party(ies): Centre for Legal Studies |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Legal Practice | On-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| Legal Practice | 2/2/2024 | 12/3/2024 | 26/4/2024 | 18/7/2024 |
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
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
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 090913 | $2,040.00 | $1,597.00 | not applicable | $2,040.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Requisites
Prerequisites
Admission into L6B - Graduate Diploma of Legal PracticeTeaching
| 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 | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.