CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounting for Investments

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Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Accounting

Course Description

Many organizations have an excess amount of cash for that they do not have an immediate need, so they invest it in a variety of debt and equity securities, or other forms of investment. How are they supposed to account for these investments and how should the investment process be managed? In Accounting for Investments, we define the types of investment classifications, how the accounting varies for each one, and how to deal with a number of investment transactions, including purchases, impairments, changes in value, and sales. The course also addresses the situations in which the equity method must be used, and demonstrates how the method functions. Further, the course covers investments from a control perspective, with an entire chapter describing a number of investment controls, as well as an investment procedure and several investment policies. In addition to the general discussion of investment accounting, there is a more specific examination of the accounting for investments in a nonprofit environment.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the characteristics of the various types of investments and the rules under which the investment classifications can be used.
  • Identify activities that will trigger the recognition of unrealized gains and losses.
  • Identify the rules and subsequent disclosures regarding the determination of other-than-temporary impairment.

Chapter 2

  • Identify the impact of various investee actions on an investor’s equity method recordation of its investment in the investee.

Chapter 3

  • Cite the rules under which a nonprofit can record a purchased investment.

Chapter 4

  • Cite the systems and policies used to govern the administration of investments.
  • Identify the dangers posed by measuring certain investment outcomes.

Course Specifics

Course ID
1143392
Revision Date
March 25, 2020
Advanced Preparation

None.

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Accounting for Investments

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Accounting

Course Description

Many organizations have an excess amount of cash for that they do not have an immediate need, so they invest it in a variety of debt and equity securities, or other forms of investment. How are they supposed to account for these investments and how should the investment process be managed? In Accounting for Investments, we define the types of investment classifications, how the accounting varies for each one, and how to deal with a number of investment transactions, including purchases, impairments, changes in value, and sales. The course also addresses the situations in which the equity method must be used, and demonstrates how the method functions. Further, the course covers investments from a control perspective, with an entire chapter describing a number of investment controls, as well as an investment procedure and several investment policies. In addition to the general discussion of investment accounting, there is a more specific examination of the accounting for investments in a nonprofit environment.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the characteristics of the various types of investments and the rules under which the investment classifications can be used.
  • Identify activities that will trigger the recognition of unrealized gains and losses.
  • Identify the rules and subsequent disclosures regarding the determination of other-than-temporary impairment.

Chapter 2

  • Identify the impact of various investee actions on an investor’s equity method recordation of its investment in the investee.

Chapter 3

  • Cite the rules under which a nonprofit can record a purchased investment.

Chapter 4

  • Cite the systems and policies used to govern the administration of investments.
  • Identify the dangers posed by measuring certain investment outcomes.

Course Specifics

Course ID
1143392
Revision Date
March 25, 2020
Advanced Preparation

None.

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

Accounting for Investments

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear