Financial accounting for trusts and estates is one of the least understood branches of accounting. It is not particularly concerned with recording income and expenses but is obsessed with determining whether receipts and expenditures are assigned to income or principal/corpus. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting.
DESIGNED FOR
Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues
BENEFITS
- Uniform Principal and Income Act
- Discuss the mandatory and discretionary allocations and adjustments (did you know that depreciation is a Discretionary adjustment?)
- Address the trustees ability to override the fallback rules
- Review the contents of a proper set of trust accounting statements
HIGHLIGHTS
- Apply a working knowledge of the financial accounting rules for estates and trusts
- Identify planning and potential pitfalls
COURSE LEVEL
Intermediate
ADDITIONAL NOTES
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.