2024 Fiduciary Accounting: Fundamentals & Rules

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. 

Highlights

• 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

Prerequisites

Basic working knowledge of accounting for estates and trusts

Designed For

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

Objectives

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

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.