LAW7233

Accounting - Trust Accounts and Costs

(LAW)

Associate Professor Guy Powles

Semester 2, 2000 +Clayton Campus

Synopsis: This subject is concerned with the statutory requirements and rules relating to the keeping of trust and office accounts, the fiduciary duties arising out of holding client's money and the obligations on the practitioner relating to costs information and the rendering of accounts to clients. It will require the development of skills in interpersonal relationships and practice management. The understanding of professional values will be enhanced.

Assessment: Regular feedback will be provided on written exercises and oral presentation on Section 86 letter and explaining to the client - 50%. Written memoranda and draft documents totalling 10,000 words and a miminum of 2 oral presentations of about 15 minutes each - 50%. Assessment will be according to the grades 'Credit', 'Pass' or 'Fail'.