Mobile Edition

Settled and Approved: Fiduciary Accounting from Start to Finish (4172186D)

Date:Monday, January 29, 2018
Time:11:30AM - 7:00 PM
(Registration at 11:00AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Technical Business
Instructor: Michael C. Gerson
Vendor:California CPA Education Foundation
Course Level:Basic
Early Bird Price:$245.00 FICPA Members, $365.00 Non-Members


Typically, trustees and executors must account annually while conservators and guardians must account every two years. Very few attorneys and CPAs who represent fiduciaries understand how to prepare and present fiduciary accountings. This course will explore the differences between fiduciary accounting and tax and financial accounting; use real-world examples 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.

  • 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

Who Should Attend:

CPAs, attorneys, trustees and trust administrators.


Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.