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Fiduciary Accounting for Estates and Trusts - 2 Hours

Total Credits: 2 including 2 Accounting - Technical

Average Rating:
ACPEN Industry Institute |  Accounting and Auditing
Doug Van Der Aa, CPA, JD
Course Levels:
2 Hours
Product Setting: Expires 30 day(s) after program date.



Financial accounting for trusts and estates is one of the least understood branches of accounting. It 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 course will dive into this tricky area and provide a reporting guide for fiduciary accounting.

Basic Course Information

Learning Objectives
  • Apply a working knowledge of the financial accounting rules for estates and trusts
  • Identify planning and potential pitfalls

Major Subjects
  • Uniform Principal and Income Act
  • Discuss the mandatory and discretionary allocations and adjustments (did you know that depreciation is a Discretionary adjustment?)
  • Address the trustees ability to override the fallback rules
  • Review the contents of a proper set of trust accounting statements

Course Materials


Doug Van Der Aa, CPA, JD's Profile

Doug Van Der Aa, CPA, JD Related Seminars and Products

Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.

Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.


Mon, Apr 15, 2024 - 06:00am to 07:47am AKDT
Thu, Apr 25, 2024 - 08:00am to 09:47am AKDT

Additional Info

Basic Course Information

Advanced Preparation None
Course Developer

Van Der Aa Tax Ed, LLC

Designed For Practitioners and members in industry seeking to gain a better understanding of fiduciary accounting of estate and trusts issues
Yellow Book No
Original Recording Date 05/01/2023
Prerequisites Basic working knowledge of accounting for estates and trusts
Date Added to Catalog 02/08/2023

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Course Registration Requirements Online Registration
Instructional Delivery Method Group Internet Based
Official Registry Statement Business Professionals' Network, Inc. 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:
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.



Overall:      4.7

Total Reviews: 40


Kenneth H

"A good course. Really enjoyed."

Leslie P

"in depth topic"

Natalia S

"The information was very useful, and Mr. Van Der Aa is a great lecturer."

David U

"Doug does a great job of taking a very dry subject and making it interesting. I learned because he held my attention"

Michael T

"Great content!"

John A - Ann Arbor, Michigan

"Great course. Really helpful in understanding the topic. Not sure if this could be made into a longer course taking an even deeper dive into fiduciary accounting."