CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Fiduciary Accounting and Reporting - Everything You Need To Know

  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
Fiduciary Accounting and Reporting - Everything You Need To Know

2 Credits


Subject Area


Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Fiduciary accounting for trusts and estates is one of the least understood branches of accounting.

Fiduciary accounting for trusts and estates that meets minimum guidelines can be an intricate task. The applicable rules are set out in the Uniform Principal and Income Act (UPIA). The UPIA tries to synchronize the laws at the State level.

The Act spells out the rules of engagement for fiduciary accounting and reporting by trusts and estates. It tries to carry out the intention of the person who created the trust. In addition, the Act sets out how assets are to be dispersed. Most states have adopted the Act (sometimes with some changes along the way.

Fiduciary accounting is the technique by which the fiduciary informs beneficiaries about the assets in the fiduciary's custody. Because there is an obligation to keep records. Although many of the principles and rules of fiduciary accounting fluctuate from state to state, there are basic rules that apply to the accounting procedures expected of all fiduciaries.

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 online CPE/CE course will highlight the differences between fiduciary accounting and corporate accounting.

Major topics covered in this online CPE webinar:

  • The obligations of the accountant as a fiduciary.
  • Parts of the Uniform Principal and Income Act.
  • The trustee’s obligations.
  • The contents of fiduciary accounting statements.
  • Fiduciary Accounting rules for estates and trusts.

Click here for more webinar on | Accounting & Auditing | Trust, Estate and Financial Planning |

Learning Objectives

  • To discuss the nature of income and principal.
  • To discuss the rules for allocating receipts and disbursements.
  • To discuss the differences related to fiduciary accounting.
  • To review the requirements for fiduciary accounting financial statements.
  • To discuss the presentation and disclosure requirements of fiduciary accounting.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Auditors
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Director of Financial Reporting
  • Young CPA