Accounting for Lawyers

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Short Overview

The purpose of the eLearning Program seeks to provide professional oriented knowledge of accounting to lawyers and legal scholars. For this reason, it adopts a dual educational approach. The first educational dimension aims to provide practical knowledge of accounting which is useful for understanding the financial position and financial performance of an accounting entity. In this context, various accounting related topics are analysed such as: the financial statements (balance sheet, profit and loss statement, cash flow statement, etc.) and their content, basic accounting concepts (assets, liabilities, equity, income, expenses), accounting recognition rules and valuation approaches (initial recognition and valuation after recognition, depreciation, impairments, etc.), financial performance evaluation based on liquidity, profitability and long-term sustainability ratio analysis, differences in tax and accounting legislation in determining the annual economic profit, deferred taxation, etc. These issues are analysed using examples, exercises and case studies. The examination of the financial performance evaluation topics with ratio analysis is supported with the use of interactive educational software. The presentation of the aforementioned concepts is realised with reference to the Greek accounting regime for non-listed firms (Hellenic Accounting Standards, Law 4308/2014). The second educational dimension concerns the practical application of accounting in a lawyer’s daily professional routine such as accounting bookkeeping and VAT recording, costing and invoicing legal services. The presentation of these issue is anchored with practical examples and applications.

Learning Goals

Upon completion of the eLearning Program, participants will be able to:

Understand how legal cases may be related to accounting issues.
Identify which specific topic or area of accounting theory and legislation should they refer to support their cases effectively.
Understand the basic financial statements of an accounting entity and draw fundamental conclusions for the financial position and performance of the accounting entity.
Understand the basic accounting transaction processing mechanisms.
Identify the differences between tax and accounting legislation, particularly in the process of determining the profit/loss.
Comprehend the fundamentals of Value Added Tax.
Record the accounting transactions of a law firm.
Cost and invoice a legal case.

Program Value

In recent years, lawyers and jurists increasingly seek to enrich their legal background with accounting knowledge. This is because supporting a case in court or providing a legal advice (especially within the context of tax or commercial law) requires understanding accounting information concerning the financial performance and/or position of the client or the opponent. For example, how can a lawyer argue that a debtor's claim of financial incapacity is not justified based on his/her financial position, or how will a lawyer claim a client's reimbursement in the event of a tax dispute? Lawyers face such cases every day where knowledge of accounting concepts, such as income, expenditure, assets, profit, or loss, is necessary to argue. In response to the above needs, the "Accounting for Lawyers" eLearning Program is addressed to lawyers and legal scholars who wish to enrich their professional qualifications with knowledge of accounting and elements of tax legislation. It also provides necessary knowledge for costing and invoicing legal services. At the same time, the eLearning Program places great emphasis on the analysis of accounting statements using financial ratios. For this purpose, the eLearning Program uses educational interactive software that not only calculates but also interprets the financial ratios.

Special Technical Requirements

The evaluation is based on a final written assignment. Successful completion of the program and the award of a training certificate require a final grade of at least 50% in that assignment.

Learning Method Description

The program uses the eLearning educational method: learning takes place purely asynchronously (that is, on days and hours that serve the trainee, without mandatory attendance at a specific time or day), exclusively remotely (using a special educational platform via the internet from the trainee's area) and using digital educational tools that ensure effective and flexible individual self-learning. The program's training material becomes available at specific time periods, based on the training path followed, and then remains available on the training platform without restrictions throughout the duration of the program.

Teaching Language

Greek

Application deadline: 15/05/2024

Program start: 22/05/2024

Program completion: 04/08/2024

Scientific area

Finance and Accounting

Way to follow

eLearning

ECTS units: 3

Hours of asynchronous training: 49
Includes training hours (indicative) using an asynchronous distance learning (eLearning) platform.

Additional hours of employment: 41
Additional hours of work are included (indicative) and may include individual study, writing assignments, participation in field visits, participation in exams, etc.

Total hours: 90
The total hours include hours of synchronous and asynchronous training, as well as additional hours of employment.

Weeks of training: 14
Weeks in which activities of any kind are planned are included.

Vocational Education and Training Certificate

Trainees who successfully complete the program are granted a Vocational Education and Training Certificate of the Center for Education and Lifelong Learning of the Athens University of Economics and Business, which is accompanied by a Supplement to the Certificate, detailing the subject of the program, the thematic units attended by the trainee , as well as the training methodology followed.

Target Audience

The target audience of the eLearning Program is lawyers and legal scholars who wish to enrich their professional qualifications with knowledge of accounting, analysis of accounting statements and elements of tax legislation; and to acquire basic costing skills. It is also addressed to lawyers and legal scholars with some knowledge of accounting but they would like to update their knowledge in relation to Hellenic accounting standards (Hellenic Accounting Standards, Law 4308/2014).

Prerequisite Knowledge

Law School degree or equivalent
Good workign knowledge of English on the B2 level at least,
Rudimentary knowledge of using a computer

Scientific Responsible

Vlismas Orestis

Program Tutors

Mode And Frequency Of Communication

Communication is purely asynchronous, via emails and/or personal messages through the training platform.

Cost

ELEARNING: 375€

Installements

The total amount of tuition is €375 and is paid in two installments. The first installment, of €150, is paid as an advance before the start of the courses, to secure the place, and the second, of €225, is paid before the program is half completed. In the event of a discount, the above amounts are reduced proportionally. Especially in the case of a 20% discount, the above amounts are set at €300 (total amount), €150 (first installment – ??advance payment) and €150 (second installment).

Trainees are informed of the installment amounts and related deadlines via email upon their acceptance into the program.

Accounting for Lawyers

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Accounting for Lawyers

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