2024 Fiduciary Accounting: Fundamentals & Rules

Tuesday, November 26, 2024
Webcast or Webinar, Online
12:00PM - 2:00 PM (opens at 11:30AM) EST
2Credits
Accounting and Auditing

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price
Course Type: Webcast
Course Code: 24/AC115473
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

Designed For:

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

Prerequisites:

Basic working knowledge of accounting for estates and trusts