Financial management

View Practice Compliance by content type:

Featured Practice Compliance content

Precedents
1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
Read More >
9th Nov
Practice notes
Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March...
Read More >
9th Nov
Practice notes
This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
Read More >
9th Nov
Precedents
DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...
Read More >
9th Nov
Precedents
How to use this testThese questions are designed to test your understanding after your attendance at our training on avoiding bribery and...
Read More >
9th Nov
Practice notes
The compliance officer for legal practice (COLP) sits at the heart of the firm's regulatory arrangements. This does not mean that the firm and its...
Read More >
9th Nov

Most recent Financial management content

Practice notes
This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019, together with supporting...
Read More >
3rd Nov
Precedents
This pulls together worked examples of the following Precedents:•Annual budget—law firms•Monthly budget—law firms...
Read More >
27th Sep
Precedents
A cashflow forecast is useful only if it is monitored. You should compare your predicted cashflow against actual cashflow on...
Read More >
27th Sep
Precedents
An annual or monthly income and expenditure budget is useful only if it is monitored. You should compare yo...
Read More >
27th Sep
Practice notes
This practice note covers the regulatory requirements that must be observed to minimise any events that could affect your firm’s financial stability....
Read More >
27th Sep
Precedents
Good behaviour or practice☐ You do not make payments to partners irrespective of cash in the bank☐ You reserve some of your net profits each year (ie...
Read More >
26th Sep
Precedents
A: General informationDate of annual reviewPerson(s) conducting annual reviewB: Review and findingsAre your financial management policy and processes...
Read More >
26th Sep
Precedents
1Introduction1.1Sound financial management is critical to the success of any business.1.2Implementing financial management processes helps us plan for...
Read More >
26th Sep
Precedents
A balance sheet is simply a snapshot of the financial health of the firm at any given time, ie what the business is worth. It achieves this by...
Read More >
26th Sep
Precedents
The monthly budget predicts what income will flow into the firm and what financial expenditure will flow out each month, resulting in a net profit...
Read More >
26th Sep
Precedents
A cashflow forecast is not the same as an income and expenditure budget, although it looks very similar. An income and expenditure budget predicts net...
Read More >
26th Sep
Precedents
This Precedent is for an annual budget, presented in a spreadsheet. It is intended for use by law firms. The annual budget predicts what income will...
Read More >
26th Sep
Practice notes
This Practice Note provides guidance on managing financial risk. It reflects the SRA Standards and Regulations 2019 and additional financial...
Read More >
25th Sep
Practice notes
Under section 3 of the Small Business, Enterprise and Employment Act 2015 (SBEEA 2015), certain large companies and limited liability partnerships...
Read More >
25th Sep

Popular documents