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Course Level :Basic
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Credits :2
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
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:
Click
here for more webinar on | Accounting & Auditing | Trust, Estate and Financial Planning |
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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.
Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is the author of:
“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the
accounting language of financial statements into clear, easy-to-understand
terms that anyone who needs to make well-informed financial decisions quickly
will appreciate.
2 Credits
Subject Area
Aug 16, 2022 | 12:00 PM EDT
Aug 16, 2022 | 12:30 PM EDT
Aug 16, 2022 | 12:30 PM EDT
Aug 16, 2022 | 01:00 PM EDT
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