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| Author : | Jae K. Shim, Ph.D., CPA |
| Course Length : | Pages: 47 ||| Review Questions: 27 ||| Final Exam Questions: 20 |
| CPE Credits : | 4.0 |
| IRS Credits : | 0 |
| Price : | $35.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1943 |
| Description : | Companies have different motivations for investing in securities issued by other companies. One motivation is to earn a high rate of return. Another motivation for investing (in equity securities) is to secure certain operating or financing arrangements with another company. This course addresses the accounting and reporting requirements for investment securities and includes specific examples to illustrate the application. Key aspects of debt securities, such as classification, purchases, transfers, impairments, and presentation and disclosure, are addressed. The course also discusses how to account for equity securities and the impairment of investments. Finally, the course explains when to use the equity method and how to apply the equity method. |
| Usage Rank : | 0 |
| Release : | 2021 |
| Version : | 1.0 |
| Prerequisites : | Basic Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Investment
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 24-Jan-2022 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1943 |
| Keywords : | Accounting, Investments, v11, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After completing this course, you should be able to:
2. Recognize the proper accounting treatment for investments in debt securities. 3. Identify how purchases, sales, and changes in fair value of securities affect different accounts. 4. Recognize the accounting models that apply to credit impairment of debt securities. 5. Recognize the proper accounting treatment for investments in equity securities. 6. Identify the proper classification and disclosure for investments in securities. 7. Identify the requirements for when to use the equity method, how to apply the equity method, and what disclosures are necessary. |
| Course Contents : | Chapter 1 - Accounting for Investments Part I: Accounting and Reporting Standards for Investment Background Scope and Scope Exceptions Part II: Accounting for Debt Securities Definition of Debt Securities Classification of Debt Securities General Rules Trading Available-for-Sale Held-to-Maturity Review Questions - Section 1 Reassessment of Classification Transfers from or into Trading Transfer from Held-to-Maturity to Available-for-Sale Transfer from Available-for-Sale to Held-to-Maturity Impairments General Rules Available-for-Sale Held-to-Maturity Presentation and Disclosure General Rules Trading Available-for-Sale Held-to-Maturity Other Matters Income Effect Amortization of Bond Discount or Premium Investments by Banks IFRS Connection Review Questions - Section 2 Part III: Fair Value Method Accounting for Equity Securities Definition of Equity Securities General Rules Impairments Presentation and Disclosure Other Matters Lump-Sum Purchase Exchange (Conversion) of Securities Stock Dividends Preferred Stock Received for Common Stock Dividend Stock Splits Review Questions - Section 3 Part IV: Equity Method Accounting for Equity Securities General Rules Equity Accounting Overview Adjustments to Earnings and Losses Presentation and Disclosure Review Questions - Section 4 Glossary |
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