2024 Fiduciary Accounting: Fundamentals & Rules
Monday, March 10, 2025
Webcast or Webinar, Online
12:00PM - 2:00 PM (opens at 11:30AM) EST
2Credits
Accounting and Auditing
Registration is Open
Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
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Course Type: Webcast
Course Code: 24/AC115486
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting
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.
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
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