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Date and Time: Thursday, September 2, 10:00 am – 11:50 AM EST

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. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting..

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
  • Trustees ability to override the fallback rules
  • Review the contents of a proper set of trust accounting statements

Who should attend: Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues.

Program Level: Intermediate

Developed By: Van Der Aa Tax Ed, LLC

Instructor: Douglas J. Van Der Aa

CPE Credit: 2

Field of Study: Accounting

Prerequisites: Basic working knowledge of estates and trusts.

Advanced Preparation: None

Price: $59

Douglas J. Van Der Aa, CPA, JD

Doug is a lively and energetic speaker – especially on the subject of taxes and ethics. He has been a highly rated speaker and seminar leader for CPA Associations and other organizations throughout the country for more than 18 years. Doug has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. As a CPA, Doug’s practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.