| CODE | CML3013 | ||||||
| TITLE | Accountancy for Lawyers | ||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||
| MQF LEVEL | Not Applicable | ||||||
| ECTS CREDITS | 4 | ||||||
| DEPARTMENT | Commercial Law | ||||||
| DESCRIPTION | This study-unit will expose law students to accounting and its value not only in their professional lives as lawyers but also in order to make law students aware of their roles and responsibilities when compiling personal financial returns to fiscal authorities. This knowledge will prove essential for students who intend to take up a career in Corporate Business, structures and finance or in matters relating to financial services, or to pursue postgraduate studies in any of these subjects. Students would also be in a position to identify problem areas exposed by the accounting systems of a corporate structure which might possibly require specific procedures in order to make that procedure compliant with law and with the standards required in order that the information contained therein would be stored in a way which would enhance its probative value in front of the Courts. It will enter into the various ways which accounting can be used within a corporate structure in order to ensure stricter compliance with the various laws and regulations in force. Study-unit Aims This study-unit aims to assist the student in becoming able to compile simple accounting statements but more importantly to be able to identify areas within accounting statements which indicate that further professional advice might be warranted. This study-unit should be extremely useful for Law students wishing to pursue a career or postgraduate studies in Financial or Corporate Services or similar, as it tries to provide a sound basis upon which all accounting, especially in respect of Corporate structures should be based. The student, at the end of the unit should be in a position to identify areas which might possibly provide problems on the legal front in the future. The possible identification of these problems would lead to corrective action being taken if required at an early stage, thus preventing possibly costly lawsuits in the future both from the part of the other parties in the commercial scene as well as from the part of authorities who are enjoined to ensure compliance with the relevant legislation. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Master the basic principles underlying the scope and significance of accounting statements and be able to interpret accounts to the extent that they should be in a position to realise whether or not further investigations in some areas might possibly be warranted; - Acquire an ability to use financial statements to enhance the legal knowledge accumulated throughout the course particularly from studies in company Law. 2. Skills: By the end of the study-unit the student will be able to: - Compile simple accounting statements nowadays considered necessary for presentation to fiscal authorities; - Identify areas within financial statements which might indicate the existence of a particular situation which warrants further investigation in itself and be in a position to recommend action in its respect, if the need arises. Main Text/s and any supplementary readings Wood Frank - Business Accounting Vol. I - Pearson Education, 2005 Wood Frank - Business Accounting Vol II - Pearson Education, 2005 Mott Graham - Accounting for Non Accountants - Kogan Page 9th Edition, 2013 Nicholson Richard W - Basic Accounting for Lawyers - Ali-Aba Publishing, 1999 Esron McGruder Faris - Accounting for lawyers - Michie Co., 1982 Silverstone Howard, Sheetz Michael - Forensic Accounting and Fraud Investigation for Non-Experts - John Wiley & Sons Canada, Ltd., 2003 |
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| STUDY-UNIT TYPE | Lecture | ||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Joseph P. Bonello |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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