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Accounting for Investments - v11 (Course Id 1943)

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Author : Jae K. Shim, Ph.D., CPA
Status : Production
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 :
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:
    1. Identify the characteristics of trading securities, available-for-sale securities, and held-to-maturity securities.
    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

CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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