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Fiduciary Accounting for Estates & Trusts


Total Credits: 4 including 4 Accounting - Technical

Average Rating:
Not yet rated
Category:
Accounting and Auditing |  Industry |  ACPEN Industry Institute
Faculty:
Doug Van Der Aa, CPA, JD
Course Levels:
Intermediate
Duration:
4 Hours
License:
Access for 30 day(s) after program date.

Dates


Description

Financial accounting for trusts and estates is one of the least understood branches of accounting. Fiduciary accounting 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. Only after that is known can the trustee begin to make their required and discretionary distributions to beneficiaries. However, very few noncorporate trustees have any idea of what is required for proper trust accounting and reports. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting.

Basic Course Information

Learning Objectives
  • To provide a working knowledge of the financial accounting rules for estates and trusts
  • Discuss planning and potential pitfalls

Major Subjects
  • Examine provisions of the Uniform Principal and Income Act
  • Mandatory and discretionary allocations and adjustments (did you know that depreciation is a Discretionary adjustment?)
  • Trustees ability to override the fallback rules
  • Review the contents of a proper set of trust accounting statements

Course Materials

Faculty

Doug Van Der Aa, CPA, JD's Profile

Doug Van Der Aa, CPA, JD Related seminars and products


Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.

Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Van Der Aa taught for 10 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.


Dates

Mon, May 17, 2021 - 03:00pm to 03:02pm EDT
Tue, Jun 01, 2021 - 11:00am to 11:02am EDT
Mon, Jun 14, 2021 - 03:00pm to 03:02pm EDT
Tue, Aug 03, 2021 - 11:00am to 11:02am EDT
Thu, Aug 19, 2021 - 03:00pm to 03:02pm EDT
Wed, Sep 01, 2021 - 11:00am to 11:02am EDT
Thu, Sep 16, 2021 - 03:00pm to 03:02pm EDT
Fri, Oct 01, 2021 - 11:00am to 11:02am EDT
Thu, Oct 14, 2021 - 03:00pm to 03:02pm EDT
Mon, Nov 01, 2021 - 11:00am to 11:02am EDT
Tue, Nov 16, 2021 - 03:00pm to 03:02pm EST
Wed, Dec 01, 2021 - 11:00am to 11:02am EST
Tue, Dec 14, 2021 - 03:00pm to 03:02pm EST

Additional Info

Basic Course Information

Advanced Preparation

None


Course Developer

Van Der Aa Tax Ed, LLC


Designed For

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


Yellow Book

No


Original Recording Date

04/01/2021


Prerequisites

Basic working knowledge of fiduciary accounting


Date Added to Catalog

04/01/2021


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Course Registration Requirements

Online Registration


Instructional Delivery Method

Group Internet Based


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Refund/Cancellation Policy

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.


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