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CANCELLED: Webinar(CA): Settled and Approved: Fiduciary Accounting from Start to Finish

Description

Typically, trustees and executors must account annually while conservators and guardians account every two years. Few attorneys and CPAs who represent fiduciaries understand how to prepare and present fiduciary accountings. Explore differences between fiduciary accounting and tax and financial accounting.
Real-world examples will be used to move from basic concepts of fiduciary accounting to more complicated aspects of the Uniform Principal and Income Act; and discuss techniques for highlighting the fiduciary’s good deeds while mitigating the bad. Also, explore fiduciary fees and the challenges CPAs face when they serve as trustees.

Learning Objectives

Determine how to produce the summary of account and each supporting schedule.
Recognize California’s Uniform Principal and Income Act.
Recognize when the fiduciary’s records reveal a breach of trust.
Determine how to get the records you need to do the job you were hired to do.

Major Topics

CPA responsibility when preparing a fiduciary accounting
Record keeping and accounting duties of executors, trustees, agents, etc.
Depreciation and depletion in trust and estate accounting
Weird assets: options, derivatives, timber and IRAs
Court vs. noncourt accountings

Provider
California CPA Education Foundation
Course Level
Basic
CPE Field of Study
Accounting
8
Who Should Attend

CPAs, attorneys, trustees and trust administrators.

Instructor(s)
Leighton Burrey
Prerequisites

None

Advanced Preparation

None

Location
Webinar
Event Information
When
Jan 15, 2021
7:30 am - 3:00 pm MST
Location
Webinar
Total CPE Credits
8
Format
Webinar

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$295.00

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$ (% off)
$400.00
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CANCELLED: Webinar(CA): Settled and Approved: Fiduciary Accounting from Start to Finish


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