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Live Webcast Replay

Fiduciary Accounting for Estates & Trusts - 4 Hours

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
Industry |  ACPEN Industry Institute
Doug Van Der Aa, CPA, JD
Course Levels:
4 Hours
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Financial accounting for trusts and estates is one of the least understood branches of accounting. Fiduciary accounting 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. Only after that is known can the trustee begin to make their required and discretionary distributions to beneficiaries. However, very few noncorporate trustees have any idea of what is required for proper trust accounting and reports. This course will dive into this tricky area and provide a reporting guide for fiduciary accounting.

Basic Course Information

Learning Objectives
  • To provide a working knowledge of the financial accounting rules for estates and trusts
  • Discuss planning and potential pitfalls

Major Subjects
  • Examine provisions of the Uniform Principal and Income Act
  • Mandatory and discretionary allocations and adjustments (did you know that depreciation is a Discretionary adjustment?)
  • 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 03, 2023 - 10:00am to 01:46pm MDT
Tue, Apr 11, 2023 - 05:00pm to 08:46pm MDT
Mon, Apr 17, 2023 - 08:00am to 11:46am MDT
Sat, Apr 29, 2023 - 10:00am to 01:46pm MDT

Additional Info

Basic Course Information

Advanced Preparation


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


Original Recording Date



Basic working knowledge of fiduciary accounting

Date Added to Catalog


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:      4.8

Total Reviews: 67


Carol H

"Excellent presenter!"

Andrew M

"Keep the humor coming throughout the presentation!"

Giselle P - Hoover, Alabama

"The speaker was good. Thanks!"

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