Fiduciary Accounting: Fundamentals & Rules

Instructor

Doug
Van Der Aa

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.

Learning Objectives

Apply a working knowledge of the financial accounting rules for estates and trusts
Identify planning and potential pitfalls

Major Topics

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

CPE Credits Available

2 CPE Credits

2: Accounting

Things to Know About This Course

Course Level

Intermediate

Professional Area of Focus

Accounting

Advanced Preparation

None

Intended Audience

Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues

Provider

ACPEN