The American Law Institute and the American Bar Association recently published Fiduciary Accounting: Principles, Modern Applications, Illustrations, a book written by Mark Gillett, Kelly Bruns, and Katheleen Guzman. The authors discuss the Uniform Principal and Income Act and the allocation of receipts and disbursements between income and principal. In addition to analyzing the substantive law, they illustrate how each transaction should be entered in GEMAcct, making the book a perfect companion to GEMS. To order the book, please click on the following link which will take you to the publisher's website:
http://www.ali-aba.org/index.cfm?fuseaction=publications.bookspage&book_code=BK71