Legal Finance News
- SRA Transparency Rules
On 30 May 2018, the Board of the Solicitors Regulation Authority approved the SRA Transparency Rules which come into eff...SRA Transparency Rules - read more
- New SRA Accounts Rules – Two (More) Things You Need to Know
With the introduction of the new SRA Accounts Rules now just six months away, we take a look at some of the differences ...New SRA Accounts Rules – Two (More) Things You Need to Know - read more
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CLC Accounts Code Training
Legal Finance Professionals provide the following Council for Licensed Conveyancers (CLC) Accounts Code Training course which is presented by Richard Lane.
- Council for Licensed Conveyancers (CLC) - The Accounts Code
Please note: This course is accredited for CPD by the Council for Licensed Conveyancers (CLC).
Council for Licensed Conveyancers (CLC) - The Accounts Code
3 CPD HoursThis course explores the main provisions of the Council for Licensed Conveyancers (CLC) Accounts Code in conjunction with the detailed guidance issued by the CLC. By cutting through the jargon delegates will learn how to apply the accounts rules contained within the CLC Accounts Code in a practical manner ensuring that clients' money is handled correctly. Although assuming no prior knowledge, delegates attending this course will quickly build a sound understanding of the CLC Accounts Code by looking at the most common compliance issues that occur in practice and the pitfalls to be avoided including problem areas such as the treatment of aged balances on client ledger accounts.
Delegates attending this course will benefit from Richard Lane's expert knowledge and experience in the following areas -
Introduction
- Why do we need the CLC Accounts Code?
Overview of the Regulations
- Accounts related outcomes under the CLC Code of Conduct
- General obligations under the CLC Accounts Code
Client and Office Money Explained
- Definition of clients' and office money
- Examples of clients' money
- Common problem areas inc. residual balances, unpaid professional disbursements, commission and similar receipts.
Operating a Client Account
- Payments into Client Account
- Client money withheld from Client Account
- Transfers and withdrawals from client account
- Method of withdrawals from client account
- Transfer between client ledgers
- Dealing with aged balances
- Accounting for interest
Accounting Requirements
- What records must be kept
- Reconciliation requirements
Accountant's Report
- Obtaining and filing an accountant's report
Any Questions?
Training Areas
- Legal Cashier Training
- SRA Accounts Rules Training
- Residual Client Balances Training
- COFA Training
- COLP Training
- Anti Money Laundering Training
- SRA Regulation Update Training
- CLC Accounts Code Training
- CLC HoFA Training
- SRA Handbook Training
- SRA Code of Conduct Training
- Conflicts of Interest Training
- VAT for Solicitors Training
- Surviving an SRA Inspection Training
- IPReg Training
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