Fiduciary Accounting Part 2: Tools, Rules and Relationship to Tax 2024

Wednesday, July 17, 2024

Webcast or Webinar, Online

1:00 PM - 3:00 PM (opens at 12:30PM) EST

2Credits

Registration is Open

Members

$89.00 Regular Price

Non-Members

$119.00 Regular Price

Please Login to Register

	Name	Email	Firm Office

CPE PowerPass Users

Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.

$40.00 Members / $56.00 Non-Members

Please Login to Apply PowerPass

	Name	Email	Firm Office

Don't have a CPE PowerPass? Click here to find out more about the CPE PowerPass program.

Course Type: Webcast

Course Code: 24/6126561

Level: Intermediate

Vendor: California CPA Education Foundation

Field of Study: Accounting

Overview:

To properly account for estates and non-grantor trusts, an advisor must understand the statutory requirements to account, the proper classification of revenue and expenses in a chart of account and the importance of provisions in the estate planning document. Additionally, the differences and similarities to fiduciary taxation must be understood.

Objectives:

• Determine fiduciary accounting from the entity's financial records • Recognize whether a receipt or disbursement is income or principal • Identify the distribution provisions in the estate plan

Major Topics:

• Setting up a chart of accounts • Reviewing the estate plan • Distinguishing between "income" and "principal" • Understanding the relationship of fiduciary accounting to fiduciary taxation

Major Topics:

• Setting up a chart of accounts • Reviewing the estate plan • Distinguishing between "income" and "principal" • Understanding the relationship of fiduciary accounting to fiduciary taxation

Designed For:

CPAs and financial professionals.

Prerequisites:

Fiduciary Accounting Part 1: Fiduciary Duty Basics & Authority - UPIA (UFIPA) 2023