• finance essentials and taxation strategies
• pricing your services and billing the client
• avoiding pitfalls in trust money and trust records
• leadership and management techniques
• hiring and training reliable staff
• managing risk
• business planning
• marketing methods to grow your business
• attracting and retaining clients
• ethics and responsibility

Online learning portal opens 1 June 2017

• The Australian legal system - an overview 
• People in the legal industry 
• NSW court structure and hierarchy
• Working in a legal office.
  

• The accounting equation
• The balance sheet explained
• Income statements made simple
• The cash flow statement
• Maintaining a healthy cash flow
• Analysing financial health with ratios
• Budget like a boss

• History of Powers of Attorney - especially in relation to an Attorney’s authority
• The Powers of Attorney Act 2003
• The 2013 form for an Enduring Power of Attorney
• The Court of Appeal’s decision in Taheri - v - Vitek
• An Attorney’s authority from the perspective of a third party
• An Attorney’s authority from the perspective of an Attorney

Financial statements prepared using accounting rules are required by many stakeholders, including owners, creditors, government etc. This presentation has as its objective the development of accounting knowledge so as to be able read and interpret financial statements.

Overall, you will gain an understanding of the how accounting information provides a valuable insight into business operations. You will be able to utilise this knowledge to analyse and investigate business operations.

Facilitator overview: Greg Pazmandy is a senior lecturer in accounting at UTS specialising in the areas of business analysis and valuation. His research interests include capital markets and corporate governance issues.

An understanding of accounting terminology and the information products generated by the accounting system is a fundamental requirement for business professionals as accounting:

• Is the measurement language used in all aspects of commercial, government and not for profit sector operations

• Processes are supported by regulations in the form of standards as well as legislative pronouncements that underpin the preparation and presentation of financial reports
• Knowledge of the information content of financial reports provides the fundamental knowledge required for the operating, investing and financing activities of business organisations.

Reading and Interpreting Financial Statements

• What is the relationship between business and accounting?
• Business – Physical and Financial Aspects
• Are there rules and regulations covering the preparation of accounting reports?
• Accounting language – what are the five “5” most common terms?
• What is an accrual and how do they impact on business?
• How do I investigate a business organisation using financial statements?

This practical course will develop participant skills to:

• Be comfortable with reading financial reports
• Be familiar with finance and accounting terminology
• Understand the impact of transactions on the financial performance, financial position and cash flows of a business
• Use financial reports to generate business intelligence
• Gain insight into how financial statements are prepared
• Use financial analysis tools to identify the strengths, weaknesses and risks of a company
• Use financial statements to gain a more meaningful insight into a business from a stakeholder perspective, be it owner, government, creditor, etc.

• The causal symptoms and contributory factors of claims
• The effect of claims – cost to profession; cost to individuals;
• Identifying the main areas of risk in law firms;
• Managing the engagement and legal issues, and effective communication skills.