Fiduciary Accounting: Fundamentals & Rules
Overview
This course will dive into the fundamentals of fiduciary accounting and provide a reporting guide for determining whether receipts and expenditures are assigned to income or principal/corpus.
Delivery Method: Individual webcast
CPE Credit: Accounting
Program Level: Intermediate
Highlights
- Fundamentals of fiduciary accounting
- Uniform Principal and Income Act
- Mandatory and discretionary allocations and adjustments
- Address the trustees ability to override the fallback rules
- Review the contents of a proper set of trust accounting statements
Prerequisites
Basic working knowledge of accounting for estates and trusts
Designed For
Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues
Objectives
- Apply a working knowledge of the financial accounting rules for estates and trusts
- Identify planning and potential pitfalls
Preparation
None
Leader(s):
Leader Bios
Doug Van Der Aa, Federal Tax Workshops
Douglas J. Van Der Aa, CPA, JD, has been a highly rated speaker and seminar leader for CPA Associations and other organizations throughout the country for more than 18 years. Doug has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. He taught for 12 years as an Adjunct Instructor and for one year as Assistant Professor of Accounting and Taxation for Grand Valley State University's Seidman College of Business, where he taught in both the undergraduate and MST programs.
Non-Member Price $109.00
Member Price $79.00