دانلود کتاب Legal Accounting

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Legal Accounting: Second Edition
Front Matter
Copyright Notice
Title Page
Copyright
Dedication
Brief Contents
Contents
Preface
Chapter Features
Acknowledgments
About the Authors
Chapter 1: Role of the Law Society of Ontario
Introduction
Requirement for Books and Records in Legal Firms
Forms of Business Organization in Legal Services Firms
Sole Proprietorship
Partnership
Limited Liability Partnership
Multi-Discipline Practice or Affiliation
Professional Corporation
Insurance Requirements
Importance of Maintaining Proper Records
Retainers
Bank Accounts in a Legal Services Firm
General Bank Account
Mixed or Pooled Trust Bank Account
Separate Interest-Bearing Trust Account
Financial Institutions for Mixed Trust Accounts
Interest on Trust Accounts
Review Questions
Chapter 2: Introduction to Bookkeeping
What Is Accounting?
Accounting Standards for Private Enterprises
Categories of Accounts
The Accounting Equation
Preparing an Opening Balance Sheet
Expanded Accounting Equation
Classifying Expenses
Review Questions
Practice Exercises
Chapter 3: Keeping Books and Records
Accounting Period
The Accounting Cycle
Transactions
Journal Entries
Posting
Trial Balance
Worksheet
Adjusting Journal Entries
Financial Statements
Closing the Books
Basic Rules of Debit and Credit
Debits and Credits
Business Transaction Source Documents
Analyzing the Transaction
Recording Transactions Using the Basic Accounting Equation
Other Types of Entries
Examples of Transactions
The General Journal
Post Reference Column
Recording the Opening Balance Sheet in the Firm’s Records
Review Questions
Practice Exercises
Chapter 4: Posting and Trial Balance
General Ledger
Posting
Preparing the Trial Balance
Finding Errors in the Trial Balance
Common Mistakes
Review Questions
Practice Exercises
Chapter 5: Preparing Financial Statements
Preparing the Income Statement
Steps in Preparing the Income Statement
Interpreting Information from the Income Statement
Preparing the Statement of Owner’s Equity
Interpreting Information on the Statement of Owner’s Equity
Preparing the Balance Sheet
Interpreting Information from the Balance Sheet
Review Questions
Practice Exercises
Chapter 6: Special Journals
Why Use Special Journals?
Client Billing
Billing Out Time on a Client File
Docketing Time and Preparing Invoices
Disbursements
Expense Recovery
Client Trust Ledger
Fees Book
Posting from the Fees Book
Recording Payment of an Invoice
Accounts Receivable Journal
Other Specialized Journals
Recording Transactions in Specialized Journals
General Receipts Journal
General Disbursements Journal
General Journal Entries
Posting from Special Journals
Analysis of Each Transaction in November
Completed Journal and Ledgers to November 30
Review Questions
Practice Exercises
Chapter 7: Trust Accounting
Difference Between a General Account and a Trust Account
Deposits and Withdrawals from Trust
Cash Receipts
Trust Bank Journal
Book of Original Entry
Steps in Using the Trust Bank Journal
Recording Debits and Credits in the Trust Bank Journal
Posting from the Trust Bank Journal
Proving That Debits Equal Credits
Possible Error
Trial Balance
Matter-to-Matter Trust Transfer Journal
Valuable Property Record
Practice Audits
Review Questions
Practice Exercises
Chapter 8: Adjusting Accounts for Financial Statements
Adjusting Entries
Preparing a Worksheet
Types of Adjusting Entries
Prepaid Expenses
Amortization or Depreciation
Work in Progress
Accrued Expenses
Accrued Revenues
Preparing Adjusting Entries
Adjusting Entries for Year-End
Adjustment (A): Prepaid Expenses
Adjustment (B): Office Supplies
Adjustment (C): Depreciation
Adjustment (D): Personal Loan
Adjustment (E): Accrued Salaries Expense
Checking the Adjusting Entries
Adjusted Trial Balance Column
Looking for Errors
Income Statement and Balance Sheet Columns
Completing the Worksheet
Calculating Net Profit or Loss
Completing the Balance Sheet Portion of the Worksheet
Review Questions
Practice Exercises
Chapter 9: Final Steps in the Accounting Cycle
The Income Statement
The Statement of Owner’s Equity
The Balance Sheet
Recording the Year-End Adjustments
Preparing Closing Entries
Step 1: Closing the Income (Revenue) Accounts
Step 2: Closing the Expense Accounts
Step 3: Closing the Income Summary Account
Step 4: Closing the Drawings Account
Preparing the Post-Closing Trial Balance
General Ledger Accounts at the End of the Fiscal Year
Review Questions
Practice Exercises
Chapter 10: Banking Procedures and Accounting for Cash
Petty Cash
Establishing a Petty Cash Account
Recording Petty Cash Entries
Replenishing a Petty Cash Account
Cash Short and Over
Banking Procedures and Handling of Money
Cheque Endorsement
Cheques
Reconciling a Bank Account
How to Reconcile the General and Trust Bank Balances
Reconciling the Mixed Trust Bank Account
Reviewing the Trust Bank Reconciliation
Maintenance and Retention of General and Trust Records
General Bank Records
Trust Bank Records
Dormant Accounts
Review Questions
Practice Exercises
Chapter 11: Accounting for GST/HST, Payroll, and Income Tax
Goods and Services Tax
Remitting GST/HST to the Receiver General
Maintenance of Records
Methods for Calculating GST/HST Remittance
Remitting GST/HST
Payroll
The Payroll Process
TD1 Form
Payroll Calculator
Vacation Pay and Vacation Time
Taxable Benefits
T4 Information Return
Income Tax
Legal Requirements for Keeping Records
The Six-Year Requirement
Types of Operating Expenses
Deductions and Remittances
Capital Gains
Review Questions
Practice Exercises
Chapter 12: Computerized Time and Money Management
Getting Started with Legal Accounting Software
Setting Up the Firm
Creating Opening Entries
Managing Client Files
Type of Law
Conflict of Interest Search
Closing Client Files
Time Entries and Billing
Recording Time Entries
Trust Receipts and Disbursements
Recording Receipts and Disbursements
Recovering Client Costs
Billing Requirements
End-of-Period Functions
Maintaining Electronic Records
Review Questions
Appendix: By-Law 9, Financial Transactions and Records
Glossary
Index
CHART OF ACCOUNTS
Brief Contents
Contents
Preface
About the Authors
Chap 1- Role of the Law Society of Ontario
Chap 2- Introduction to Bookkeeping
Chap 3- Keeping Books and Records
Chap 4- Posting and Trial Balance
Chap 5- Preparing Financial Statements
Chap 6- Special Journals
Chap 8- Adjusting Accounts for Financial Statements
Chap 9- Final Steps in the Accounting Cycle
Chap 10- Banking Procedures and Accounting for Cash
Chap 11- Accounting for GST/HST, Payroll, and Income Tax
Chap 12- Computerised Time and Money Management
Appendix
Glossary
Index
Big Chart of Accounts
Chart of Accounts