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Live Webcast Replay

Fiduciary Accounting for Estates & Trusts - 4 Hours


Total Credits: 4 including 4 Accounting - Technical

Average Rating:
   32
Categories:
Accounting and Auditing |  Industry |  ACPEN Industry Institute
Speaker:
Doug Van Der Aa, CPA, JD
Course Levels:
Intermediate
Duration:
4 Hours
Product Type:
Live Webcast Replay
License:

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

Speaker

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.


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.


Reviews

5
4
3
2
1

Overall:      4.7

Total Reviews: 32

Comments

Sean N

"The speaker was the best I have ever had, kept me engaged the entire time and didn't go over trust material that I already knew or that was over my head."

Betty Z

"I really like to see the speaker in addition to the slides. It would help, if possible, for the course to address what accounting software (or legal software) could help the average tax preparer with producing the financial reporting required to provide to the beneficiaries to satisfy the time limitation for the statute of limitations."

Drew K

"Doug was excellent. He was not only knowledgeable but very entertaining."

Brian S

"Fantastic course. I'm going to encourage the rest of my firm to take the course."

Jeanne S

"Great presentation! Thanks!"