To make sure that you pick the accountancy career that's right for you, AAT has put together some basic outlines of the various types of accountancy available. Read on to find out if fiduciary accounting suits you.
Fiduciary accounting
Fiduciary Accountants deal primarily with the assets obtained by a client in their lifetime, managing the finances and bureaucracy that these bring in.
This type of accounting is primarily based on trust and the accountant could also be referred to as a Trustee or Executor.
The job entails seeking out control of all of the assets available to the estate, keeping records and preparing reports on these. The job can entail overseeing the transfer of assets after a client’s death.
The courts can also authorize Fiduciary Accountants to carry out their tasks.
To find out about other careers in accounting, click on the links below.
Accounting careers: Private or industrial accounting
Accounting careers: Public accounting
Accounting careers: Governmental accounting
Accounting careers: National income accounting
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