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2024 Fiduciary Accounting: Fundamentals & Rules

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Add to Calendar

TBD

2.0 Credits

Member Price $79

Non-Member Price $79

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

Non-Member Price $79

Member Price $79