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FLK Assessment 2: solicitors accounts

Assessmentilving objectives

Candidates are required to apply relevant core principles of double entry bookkeeping and the SRA Accounts Rules appropriately and effectively, at the level of a competent newly qualified solicitor in practice, to realistic client -based and ethical problems and situations in the following areas:-

  • transactions involving client money and money belonging to the authorised body
  • operation of ledgers and bank accounts, the payment of interest
  • breaches of the SRA Accounts Rules
  • Accounting entries required: bills: obtaining and delivery of accountants’ reports; obligations regarding record-keeping

Candidates must demonstrate their ability to act honestly and with integrity and in accordance with the SOSC, the SRA Principles and the Code of Conduct.

Questions may draw on any combination of the subject areas within this FLK assessment 2 which might be encountered in practice.

For further details send an email to info@britishlawacademy.com or fill in this form https://forms.gle/aB1tqa23ihpXCHxy8