MAA747 - Managing Intergenerational Wealth
| Year: | 2024 unit information |
|---|---|
| Enrolment modes: | Not offered in 2024. |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Cohort rule: | This unit is only available to students enrolled in M640, M669, M769 |
| Prerequisite: | MAA700 |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Study commitment | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
| Scheduled learning activities - online | Students will be required to complete a range of reading, other learning activities and complete a multiple-choice test before commencing the intensive. The unit will be offered in an intensive mode via ZOOM over three days between 9 am to 5 pm AEDT: Dates to be confirmed.
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Content
This unit has been designed for finance service professionals to understand and accurately apply accounting and taxation principles when working in the area of deceased estates and trusts. It will also examine the administrative requirements for estates and trusts. In addition, the unit considers the principles of asset and estate valuation for trustees and personal legal representatives and how theses valuations are used in the accounts. The various statutory and equitable rules that can affect the allocation of funds between capital and income, where the beneficial interests in capital and income are different are considered. At the end of the unit students should be able to prepare and analyse estate and trust accounts, date of death and estate tax returns given real life situations. The development of this unit has been informed by the Australian educational requirements of the Society of Trust and Estate Practitioners (STEP).
Unit Fee Information
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Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
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