Description

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

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

Who Should Attend:
Anyone responsible for preparing or attesting upon financial statements.