This course satisfies the specific requirement for an approved examination in accounts for the purposes of admission as a legal practitioner in the ACT, NSW, QLD, VIC and/or NT.
The course is designed to ensure that you have a working understanding of how to meet your legal professional obligations in relation to the administration of trust money and trust accounts.
The course will also provide you with a working understanding of double-entry bookkeeping as it applies to both the general trust account and a law firm's office account.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
The objective of this course is to provide you with an understanding of, and ability to, integrate the legal concepts of trust accounting with the practical aspects of bookkeeping. Completing this course will enable you to:
- identify if you have received trust money
- determine the character of any trust money received - i.e. general trust money, controlled money, investment money, transit money, subject of power money, written direction money
- ensure that all trust money payments are in accordance with the legislative framework and client instructions
- process general trust money accounting transactions in journals and ledgers, and, prepare a trial balance and bank reconciliation in accordance with relevant legislation
- create the appropriate records for trust money that is not general trust money
- apply key trust accounting legislative provisions to factual scenarios.
Other Information
When Offered and Delivery Mode: This online 8 week course is offered twice a year in the 2nd and 4th teaching periods.
Classification in Graduate Studies Select: Specialist. In addition an elective in the GDLP program, can be used as part of the articulation into the LLM and LLM (in practice) programs.
Indicative Assessment
| No. | Assessment Name | Marks |
| 1 | Practising how to apply the law to bookkeeping | 5 |
| 2 | Trust Accounting Law Multiple Choice/Short Answer Examination | 30 |
| 3 | Practising how to apply the law to bookkeeping ... again | 15 |
| 4 | Final Exam - 3 hr, open book examination to test your ability to apply the relevant trust accounting law to create the appropriate records. | 50 |
| TOTAL | 100 |
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
There are no set contact hours. Students should expect to spend about 10 - 15 hours per week in reading and course related tasks to complete the course.
Requisite and Incompatibility
Prescribed Texts
Prescribed texts are available online and are advised to students through the course website in WebCT.
Preliminary Reading
Preliminary reading is advised to students through the course website in WebCT.
All reading materials will be provided to via the course content book and the WebCT site for the course. The following legislation is also essential reading for each jurisdiction:
- ACT
- Legal Profession Act 2006, Part 3.1
- Legal Profession Regulation 2007, Part 6
- NSW
- Legal Profession Act 2004, Part 3.1
- Legal Profession Regulations 2005, Part 8
- QLD
- Legal Profession Act 2007, Part 3.3
- Legal Profession Regulation 2007, Part 3.3
- VIC
- Legal Profession Act 2004, Part 3.3
- Legal Profession Regulations 2005, Part 3.3
- NT
- Legal Profession Act 2007, Part 3.1
- Legal Profession Regulations 2007, Part 3.1.
Assumed Knowledge
The course is designed for law graduates intending to proceed into legal practice.
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Students continuing in their current program of study will have their tuition fees indexed annually from the year in which you commenced your program. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 3 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 3.00 | 0.06250 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 1994-2003 | $663 | |
| 2014 | $1092 | |
| 2013 | $990 | |
| 2012 | $990 | |
| 2011 | $777 | |
| 2010 | $726 | |
| 2009 | $663 | |
| 2008 | $663 | |
| 2007 | $663 | |
| 2006 | $663 | |
| 2005 | $663 | |
| 2004 | $663 |
- International fee paying students
| Year | Fee |
|---|---|
| 1994-2003 | $852 |
| 2014 | $1359 |
| 2013 | $1296 |
| 2012 | $1236 |
| 2011 | $1212 |
| 2010 | $906 |
| 2009 | $852 |
| 2008 | $852 |
| 2007 | $852 |
| 2006 | $852 |
| 2005 | $852 |
| 2004 | $852 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Summer Session
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 1727 | 20 Jan 2014 | 24 Jan 2014 | 31 Jan 2014 | 14 Mar 2014 | In Person | N/A |
Autumn Session
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| Australian Capital Territory | ||||||
| 4313 | 31 Mar 2014 | 04 Apr 2014 | 11 Apr 2014 | 23 May 2014 | In Person | N/A |
Winter Session
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 5679 | 07 Jul 2014 | 11 Jul 2014 | 18 Jul 2014 | 29 Aug 2014 | In Person | N/A |
Spring Session
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| Australian Capital Territory | ||||||
| 8314 | 15 Sep 2014 | 19 Sep 2014 | 03 Oct 2014 | 07 Nov 2014 | In Person | N/A |