| (Webinar via ZOOM) Basic Accounting for Lawyers |
| Date: |
30 April 2025 (Wednesday) |
| Time: |
2:30pm - 5:45pm |
| Level: |
E (Elementary)
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| Language: |
English |
| Fee: |
HK$ 1,850 |
| Accreditation: |
(3 CPD Points being applied for - The Law Society of HK) |
| Ref: |
L25FA01 |
| Venue: |
Webinar Course
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Presenter's Biography:
DBA Newcastle, EMBA Western, B.Com Toronto
ACA, FCCA, FCPA, FCPA Aust., CPA Canada, FAIA, FFA, FIPA, AICPA International Affiliate, CMA (ICMA), FTIHK, CTA (HK), CFE, FHKRFP, CBC, CRP, FITA, MIHRM, MCMI, CPHR, C. Mgr
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Objective:
Accounting is an information system to measure, process and communicate financial information to stakeholders about a business or legal firms. As lawyers working in legal firms, it is essential to understand basic accounting concepts to design and request accounting reports so that they can understand the financial performance and positions of their firms to formulate business strategy and to make financial decisions.
Outside the legal firm, lawyers have to understand and to speak the language of business when they talk to their individual and corporate clients and business partners. Understanding accounting can also help to examine or cross examine financial information in both civil and criminal cases so that they can maximize their clients' benefits in litigations. As an in-house lawyer, it is important to know the basics of accounting that facilitates understanding of financial drivers and overall financial positions of the company so that they can keep up with the business development and provide appropriate legal counsel and opinions to meet businesses' needs.
Based on legal perspective, this seminar will help legal professionals to understand major accounting concepts, components and financial statements so that they can read and interpret financial information from financial statements, namely income statement, balance sheet, statements of changes in shareholders' equity and statement of cash flow, that can be applied to their internal and external legal practices.
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Outline:
- Understand the basic accounting concepts and measurements:
- Economic entity, monetary cash and accrual concepts
- Business transaction, accounting recognition, valuation, classification
- Introduction to double entry system and accounting standards
- Understand major components in financial statements and their usages:
- Balance Sheet
- Income Statement
- Statement of Changes in Owners' Equity
- Statement of Cash Flows
- Appreciate usefulness of accounting in various legal practice:
- Appraisal of credit worthiness
- Litigation support
- Bankruptcy/Insolvency/Liquidation
- Asset Acquisition/Disposals
- Valuation
- Taxation
- Other individual and corporate financially related legal cases
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| Category: |
Financial Analysis & Internal Audit |
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Bookings & Payments
To reserve a seat, please fax the completed booking form to us. We will send out a written Booking Confirmation either by fax or by email to confirm your booking, normally within 48 hours after receiving the booking form. Payment should be made upon we send the Booking Confirmation to you, or together with the booking form if the booking is received within seven (7) days of the course. You are advised to contact us to confirm your place if you have not received the Booking Confirmation prior to the commencement of the course.
Cancellation
In case of cancellation of a booking, you must inform us in writing at least seven (7) days before the date of the course, and a full refund will be issued (less of HK$300 administration fee). Cancellation of unpaid bookings will incur a HK$300 administration fee and the cancellation will not be deemed effective until payment of such fee is received. No refunds will be given and any outstanding amounts remain payable in full if the written notice of cancellation is made less than (7) days before the date of the course.
Transfer
If you cannot attend a booked course, you must inform us in writing at least 24 hours before the commencing time of the course. You may then:
- Transfer the booking to a replacement delegate;( Not available for Individual Discount Packages)
- Transfer your booking to another course, to be held before 31 October 2025; or
- Request a credit voucher, to be used on another LexOmnibus CPD course to be held before 31 October 2025.
No attendance
Once a booking is confirmed and no written notice of cancellation is received by us within the specified time as mentioned above, if a delegate has not settled the payment for a course and fails to attend, for whatever reason, the course fee will remain payable in full. To be awarded CPD points, full attendance of all parts of the conference is required. If you arrive later, or fail to attend a course, your course fee will not be waived, refunded or a credit voucher issued.
Weather
In the event that the No.8 typhoon signal is hoisted or the Black Rain Storm warning is raised within 2.5 hours of the course or is due to be raised during the course, the course will be cancelled. In the event of cancellation due to bad weather, the course will be rescheduled or a credit note issued. No refunds will be given.
Record of Attendance
A certificate of attendance can be provided at a cost of HK$40. Alternatively, a verification of attendance in letter format, along with the original payments receipt is available, at a cost HK$40. Please apply in writing to request either a certificate or verification letter subsequent to the course.
Conference Venue
All the conferences, except webinars, will be taken place in Central. The address of the conference venue will be notified by email, and via the website.
Other Terms
- We may reschedule, vary the details of a course at any time without liability. If we cancel or reschedule the course, except due to the weather conditions indicated, a credit note will be issued.
- Any bank charges and/or expenses incurred as a result of bounced cheques shall be borne by the delegates.
- LexOmnibus will not issue an invoice for registration of a course except under special circumstances and LexOmnibus reserves the right to charge an administration fee for providing that service.
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