£175.50 – £295

Financial Management for Law Firms - 26 September 2017, London

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Date and Time

Location

Location

The Danubius Hotel Regent’s Park

18 Lodge Road

St John’s Wood

London

NW8 7JT

United Kingdom

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Event description

Description

Financial Management for Law Firms

Trainer: Linda Lambert

Who should attend?

This training is aimed at those who are comfortable with their role as a cashier but may wish to expand their knowledge to include producing information for management purposes, right up to producing a full set of final accounts. It will be especially helpful for those who decide to sit the ILFM Associate Level Exams and have not dealt with underlying and fundamental accounting concepts before. Also looked at is the setting up and running of fundamental business practices that are required to run a practice in a business-like manner.

Management information, how to produce such and to a certain extent, how to interpret is also considered. No doubt most of you can at a touch of a button produce Profit and Loss Accounts and Balance Sheets through your computer package, however, this training will give you the knowledge of how these Accounts are put together and give you an understanding of why certain items are in certain places including the difference between Asset accounts and Expense accounts.

Some of the Topics covered include:

  • Budgets - how to set them, uses and draw backs
  • Cash flows – how to set them up, differences with regard to budgets
  • Credit Control – looking at reporting on such
  • Management of files – WIP, billing periods, fee targets
  • Accounting Concepts – what are they, how are they used
  • What are the Final Accounts – explanation of the entries found in them
  • Producing a Final Set of Accounts – a practical exercise
  • Reviewing a Final Set of Accounts – looking at ratios
  • Open forum discussion

The day, as with all ILFM training days, will allow time for discussion and queries on all the subjects covered.

6 CPD points can be claimed and lunch is included.


FAQs

Cancellation requests must be in writing. A full refund of the delegate payment (100%) will be given for notice of 42 days or more; less an administration fee of £35. A half refund (50%) will be given for notice of between 41 and 22 days; less an administration fee of £35. No refund (0%) for 21 days or less.

Transfer or Substitution requests must be in writing. You may transfer, at no charge, on to another ILFM training, or substitute for another person. An additional payment may be necessary if the substitute is not eligible for the same discounts as the original delegate. No refund will be given should the delegate fee be less than the original delegate fee.

Please note that trainings/events are subject to cancellation, at any time, if there are insufficient numbers. In this case we will refund 100% of the fee, or allow a free transfer. In the event of a cancellation at any time by the ILFM, for whatever reason, liability will be limited to a refund of any delegate fee paid.

The ILFM accepts no responsibility or liability for any injury, illness or otherwise which may be attributable to the facilities or services provided at any venue.

FAQs

Where can I contact the organiser with any questions?

Please contact the ILFM office on 020 8302 2867, or by email to info@ilfm.org.uk

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Date and Time

Location

The Danubius Hotel Regent’s Park

18 Lodge Road

St John’s Wood

London

NW8 7JT

United Kingdom

View Map

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