Financial Management in the Legal Department
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 a restaurant lunch is included.
Is my registration/ticket transferrable?
Substitutions may be made at any time before the event. Please note the person substituting the original attendee may be required to pay an additional fee if they are not eligible for any discount given to the orignal attendee, such as membership discount.
What is the refund policy?
Refunds given for cancellations and transfers must be in writing and will be subject to £35 handling charge per seminar booked. A full refund will be given for notice of 6 weeks or more, 50% for 3 weeks and no refund for less than 3 weeks.
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. In the event of a cancellation by the ILFM, for whatever reason, liability will be limited to a refund of any course fee paid.
Please note that seminars are subject to cancellation if there are insufficient numbers.
Where can I contact the organiser with any questions?
Please contact the ILFM office on 020 8302 2867, or by email to firstname.lastname@example.org
Save This Event
When & Where
The Institute of Legal Finance and Management
ILFM the UK's leading authority, membership body, qualification & training provider for legal finance, administration & practice management professionals.
NO DEBIT OR CREDIT CARD?
If you do not have access to a Credit or Debit Card, please contact email@example.com or phone the office, 020 8302 2867, and we will assist you to make your booking.
Please note we do not charge an extra fee for Card bookings.