CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounting for Investments

Icon_Self-Study
QAS 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.
    • 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.

Course Specifics

Course ID
1143392
Revision Date
March 25, 2022
Number of Pages
81
Prerequisites

There are no prerequisites.

Advanced Preparation

None.

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)

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
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear
Icon_Self-Study
QAS 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.
    • 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.

Course Specifics

Course ID
1143392
Revision Date
March 25, 2022
Number of Pages
81
Prerequisites

There are no prerequisites.

Advanced Preparation

None.

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)

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
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear