Introduction and Objectives

In the Oct. 1, 2021 Board Meeting, the Benchers approved amendments to the Rules of the Law Society of Alberta regarding the approval and management of trust accounts by Alberta lawyers. The amended rules go into effect on Jan. 1, 2022. Changes to this module reflecting these rule changes are underway and will be published as soon as possible. Please use the information provided at your own discretion as some of the content in this module is outdated and rule references are incorrect. 

The objectives of the Accounting System Module are:

  1. To review basic accounting and bookkeeping systems.
  2. To provide sufficient context on how an accounting system works to understand the trust accounting concepts in the Trust Account Essentials Module that follows.

There may be portions of the Trust Account Essentials Module that you will not understand if this Module has not been reviewed.

Although we aim to present a comprehensive Module, this Module is not exhaustive. This Module is not a substitute for exercising professional judgment and does not constitute legal advice.

2.2 Before You Start >

Last modified: Tuesday, 22 March 2022, 8:57 AM