Event Description

Understanding the proper accounting for and reporting of investments can be challenging, especially given recent changes to U.S. GAAP.  This course will provide 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.

Designed For

Anyone responsible for preparing or attesting upon financial statements

Objectives

• Recall the proper accounting for investments 
• Recognize special accounting considerations, such as equity method investments, alternative investments with net asset value, and more
• Identify fair value presentation and disclosure requirements

Major Subjects

• 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 321
• Discussing the key characteristics requiring consolidation of the investee
• Discussing the foundational principles of fair value measurement and disclosure