Course Information

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Fiduciary Accounting
Author: Gary L. Maydew

Description:
This course provides a detailed explanation of performing accounting for estates and trusts. It discusses the distinction between income and principle items and provides guidance for constructing appropriate journal entries. Examples of journal entries, a sample Charge and Discharge Statement, and a Balance Sheet are provided.

Topics covered include:

  • Terms and Definitions
  • Dividing Receipts Into Those Going to Principal and Those Going to Income
  • Dividing Payments Into Those Charged to Principal and Those Charged to Income
  • Depreciation
  • Businesses and Liquidating Assets
  • Illustrative Journal Entries
  • The Charge and Discharge Statement

Course Details:
Price:  $24.00
Field of Study:  Accounting
Prerequisites:  none
Level:  Basic
Advanced Preparation:  None
Course was last updated on:  04/03/06
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Library:
Learning Center Core
Wealth Management

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 2.0 CPE
QAS 2.0 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

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