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Overview

2.0 Credits
ONLINE

Understanding the proper accounting for and reporting of investments can take time, especially given recent changes to U.S. GAAP related to financial instruments and fair value measurement disclosures. Review critical considerations when evaluating the proper treatment of basic investments in other entities and other common investments for nonpublic entities in U.S. GAAP-basis financial statements, including consideration of recent changes in financial instrument accounting, reporting, and disclosure.

Objectives

• Discuss the proper accounting for investments, including impact of recent Accounting Standard Updates (ASUs) 
• Describe special accounting considerations, such as equity method investments, alternative investments with net asset value, and more
• Explain fair value presentation and disclosure requirements, including simplifications in recent ASUs 

Major Topics

• Identifying the three primary factors in determining proper accounting for investments other entities
• Exploring the principles underlying equity method investment accounting
• Explaining the practical expedient to account for qualifying alternative investments using net asset value
• Describing the categorizations for initial recognition and subsequent measurement of equity investments under FASB Topic 321
• Discussing the key characteristics requiring consolidation of the investee
• Discussing the foundational principles of fair value measurement and disclosure 

Designed For

CPAs in either public or private practice with accounting, financial reporting, or attest responsibilities

Prerequisite

None

Advanced Preparation

 
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