Fiduciary Accounting: Fundamentals & Rules WEBCAST
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
None.
Leader(s):
Leader Bios
Douglas Van Der Aa
Doug Van Der Aa is a Tax Manager for the Grand Rapids, Michigan firm of Hungerford, Aldrin, Nichols & Carter, PC, CPAs and Consultants, where he specializes in the preparation and review of individual, corporate, estate, trust and partnership tax returns for small and mid-sized businesses; acquisition, and reorganization and financing of corporations, limited partnerships and limited liability companies; complex commercial real estate transactions (Section 1031 tax-free exchanges, leasing, purchase/sale); tax research and planning. Over the past 10 years, Doug has taught several accounting and tax courses for Grand Valley State University, Hope College and Davenport University, as well as served as a speaker for the Michigan Association of CPAs. Doug received his B.S. in accounting from Dordt College and his Juris Doctor from the University of Illinois. He is a member of the MACPA, Michigan State Bar, AICPA and the Economic Club of Grand Rapids.
Non-Member Price $109.00
Member Price $79.00