Bookkeeping for Legal Finance Professionals (Diploma Level)

Objective: To provide a sound foundation in accounting through the introduction of double entry bookkeeping and its application.

The bookkeeping course takes a step-by-step approach and will give you the understanding to progress to higher level accounting.  Bookkeeping is the foundation to the business accounts, every transaction recorded and how it is recorded will have an impact on the financial statements of the business.   The course has been designed to assist students that have little or no knowledge in bookkeeping, or those that have never studied a professional qualification.  Our course will show you the recording of financial transactions in the appropriate ledger accounts by using the double entry bookkeeping system.   Importantly, if you are out of balance within your accounting software this course will help you with the understanding of how to find your difference.  This course will teach you the process of initial recording of a transaction to trial balance.

Contents of the course:

  • Tutorial 1   The Purpose of Accounting
  • Tutorial 2   Double Entry bookkeeping
  • Tutorial 3   Nominal Ledgers
  • Tutorial 4   Petty Cash
  • Tutorial 5   Sales
  • Tutorial 6   Purchases
  • Tutorial 7   Trial Balance
  • Tutorial 8   VAT
  • Tutorial 9   Bank Reconciliation
  • Tutorial 10  Introduction to Payroll
  • Tutorial 11  The UK Banking System
Each tutorial contains self test questions and an assignment to be submitted for marking

 

We also highly recommend these ILFM Trainings, to help your in your course :  The Fundamentals of Legal Cashiering


All Inclusive Coursework and Examination Fee:  £495

You are given 18 months to complete the coursework and enter for the exam (each course can be completed sooner).  Please check if you are entitled to any exemptions by holding other relevant qualifications.

Coursework

  • Full access to online course material
  • Dedicated UK Based ILFM tutor, inc one-to-one support and feedback
  • Access to students forum
  • Employer updates (if required)
  • Individual Study Plan
  • Full access to student extra resources online

Exam Preparation

  • Dedicated ILFM tutor (one-to-one support)
  • Sample examination Paper/Questions
  • Exam preparation material
  • Employer updates (if required)
  • Exam Preparation Day ...

We highly recommend attending the Exam Preparation Day. Our statistics show that students attending do have more success in their exam.  Our tutor will go through the exam process, the format of the exam and tips in preparing for it in advance and on the day.  It is a chance for students to meet their tutor face-to-face go through any queries they may have and go through transactions learned within the course.

The exam preparation day will include:

  • Exam Format & Techniques 
  • Double Entry
  • Trial Balance
  • Transaction questions 
  • PAYE transactions
  • Multiple choice questions
  • VAT 
  • Bank Reconciliation
  • Exam type questions with an additional question to take away for revision.

Examination

  • One Examination Entry Fee included (students wishing to take the exam locally will be required to pay any additional costs incurred)

Click here to see Part Two of the ILFM Diploma (Legal Finance Compliance & Accounts Rules (LFCAR)