Course 7 - Equity Investments and Long-lived Assets (Video) (Course Id 1904)

• Who is this course for?
  This course is for CPAs and other professionals needing Continuing Professional Education (CPE) who want to deepen their understanding of how equity investments and long-lived assets are reported in financial statements.

• What is this course about or what problem does this course solve?
  The course covers key accounting concepts for equity investments and long-lived assets, helping learners understand different accounting methods and how these affect financial reporting and analysis.

• How can the knowledge from this course be used?
  Participants can use this knowledge to apply appropriate accounting methods such as mark-to-market, equity method, and consolidation, and to assess the impact of asset accounting decisions on financial statements.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  Mastery of these topics is critical for accurate financial reporting, especially when evaluating investments, mergers, and asset management—core responsibilities in public accounting and advisory roles.

• When is this course relevant or timely?
  This course remains timely and relevant for professionals involved in financial reporting, especially as businesses continue to engage in complex investment activities and asset acquisitions.

• How is a course like this consumed or used?
  Delivered as a NASBA QAS self-study video course with three instructional videos, it includes review and final exam questions, offering 2.0 CPE credits upon passing with a 70% score.

This course is course 7 in the 8-course series on Financial Reporting and Analysis offered by PRATTedu. It is comprised of 3 videos, covering investments in equity securities (including mark-to-market accounting, equity method and consolidations); property, plant and equipment; and intangible assets.  The financial statements and the footnotes of the companies featured in this course include Walt Disney, 3M and Yahoo.

Video - NASBA QAS - Text - NASBA Registry - 1904

Course Learning Objectives

• Differentiate the market value method from the equity method and describe the conditions under which each is used.
• Briefly describe the fundamental issues involved when one company acquires a controlling interest in another company and explain how goodwill appears on the financial statements and is subsequently accounted for.
• List and describe the major issues involved when accounting for long-lived assets and briefly explain how the accounting methods for each issue affect the financial statements.

Chapter 1 - Equity Investments and Long-lived Assets - Section 1

Chapter 1 - Section 1 Review Questions

Chapter 1 - Equity Investments and Long-lived Assets - Section 2

Chapter 1 - Section 2 Review Questions

Chapter 1 - Equity Investments and Long-lived Assets - Section 3

Chapter 1 - Section 3 Review Questions

Glossary