CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Accounting for Investments

3 Credits: Accounting

$87.00$107.00

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Accounting for Investments

Format
Self-Study
Course Level
Overview
CPE Credits

3 Credits: Accounting

Course Description

The early 21st century witnessed a series of corporate scandals in the U.S., highlighting the critical need for ethical business practices and robust financial governance. This course tackles these issues by examining the root causes of these scandals, focusing on deceptive accounting practices and the failure of corporate governance. It agitates the ongoing issue of financial misreporting, emphasizing the importance of understanding the techniques used to manipulate a company’s financials. The course provides solutions by exploring the regulatory responses to these scandals, including the Sarbanes-Oxley Act’s impact on corporate behavior and audit quality. Participants will learn about the basics of stock-based compensation accounting, regulations safeguarding investors, and the role of good corporate governance in protecting shareholder value. Additionally, the course delves into the concepts of business ethics and corporate social responsibility, offering insights into maintaining high levels of accountability and transparency in business operations.

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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.
    • Also note the activities that will trigger the recognition of unrealized gains and losses.

Chapter 2

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

Chapter 3

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

Chapter 4

    • Cite State the policies used to govern the administration of investments, and identify the dangers posed by measuring certain investment outcomes.
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Course Specifics

Course ID
1143392
Revision Date
January 4, 2023
Prerequisites

There are no prerequisites.

Advanced Preparation

None.

Number of Pages
81

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …