Module 1 Client money
-
1
Definition and separation requirements
-
2
Client account rules
-
3
Interest on client money
-
4
Definition of client money
-
5
Meaning and name of account
-
6
Requirement to pay client money into a client account
-
7
Circumstances in which client money may be withheld from a client account
-
8
Keeping client money separate
-
9
Keeping client money separate from money belonging to the authorised body
-
10
Obligation not to use client account to provide banking facilities
-
11
Returning client money to the client
-
12
Joint accounts and a client's own account
-
13
Third-party managed accounts
-
14
Requirement to pay interest on client money
Module Assessment
Take AssessmentModule 2 Accounting records
-
15
Ledger operations
-
16
Billing and accounting entries
-
17
Reconciliation and accountants' reports
-
18
Keeping and maintaining accurate records in client ledgers
-
19
Receipts of client money: accounting entries required
-
20
Withdrawals and accounting entries required
-
21
Transfers
-
22
Transfers: accounting entries required
-
23
Interest: accounting entries required
-
24
Submission, reduction and payment of bills including the VAT element
-
25
Bills and VAT: accounting entries required
-
26
Accountants' reports and retention of accounting records
Module Assessment
Take AssessmentModule 3 SRA Accounts Rules
-
27
Key provisions and common breaches
-
28
Duty to correct breaches of SRA Accounts Rules promptly on discovery