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ID044_MAN

Trust accounting essentials: Practice guide (LPUL)

JURISDICTION - ALL
From $249.00
From $249.00

Course Overview

Trust accounting is one of the most important elements of practice management. The obligations and responsibilities of lawyers in this area are taken very seriously, and irregularities can lead to severe consequences. In this short course, we will outline the best practice trust accounting principles and the obligations of legal practitioners in respect of different types of trust money.

This course explains the basic requirements for dealing with trust money under the Legal Profession Uniform Law and explores some of the dangers that can result in trust account provisions being inadvertently breached. It identifies a range of best practice strategies, which may be implemented to prevent breaches, and considers the consequences when breaches do occur.

At the end of this course, you'll be able to:

  • Explain the regulatory framework governing trust money and record keeping.
  • Implement effective operating practices to comply with regulatory obligations and to rectify poor practices.
  • Outline the provisions governing the responsibilities of principal lawyers regarding trust monies.
  • Identify ways in which trust account provisions can inadvertently be breached and prevention strategies.

 

Course Structure

Topic 1: Introduction to trust accounting
Topic 2: Key statutory obligations
Topic 3: Dealing with trust money
Topic 4: Breaches of trust money obligations

WANT EVEN MORE? BROWSE OUR BUNDLES

Did you know this course is also available in a bundle? We’ve packaged four related courses together – so you can consolidate your learning and save 40%. Browse our selection of bundles today.

FAQs

The course contains content that falls within the mandatory CPD categories of:

  • Practice management and business skills
  • Ethics and professional responsibility

With our online on-demand interactive courses, you can learn when and where it suits you. We’ve designed each course to provide both education and enjoyment.

Each course offers a mix of engaging exercises, where you’ll gain access to:

  • Interactive activities to challenge your understanding and put your knowledge to the test. You’ll also enjoy engaging exercises, such as flip cards, quizzes and drafting activities.
  • Clearly identified outcomes so you know precisely what you’ll learn – and the skills you’ll gain. You’ll also be able to track your development and focus on key improvement areas.
  • Extended course access so you can reference the material as you need – or revisit it should life get in the way.
  • Feedback and template answers so you can refine your skills, grow your knowledge and gain fresh insights.

Access each module on the College’s learning portal. When you buy a single, you’ll have 24/7 unlimited access for 12-months from the date of purchase.

Does this educational activity extend your knowledge and skills in areas that are relevant to your practice needs or professional development?

If so, and you’re not a WA practitioner, you should claim 1 unit for each hour of participation, not including breaks. 

Please check your local CPD rules for any caps on activity types, such as the private study of non-interactive audio/visual materials. You are responsible for keeping your own CPD records and complying with your local CPD rules.

No. Western Australian practitioners who complete our on-demand courses are currently unable to claim CPD points.

However, you may earn CPD points by attending select live CPD events or by completing select CPD Interactive modules.

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