CPE Credit: 3 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $35

Course Description
A business that has a range of investments needs to account for them - and those investments are subject to a number of accounting rules. Accounting for Investments clarifies the situation by describing how the accounting varies for each type of investment classification. The course also notes the treatment of impaired assets, how to deal with realized and unrealized gains and losses, and the treatment of other accounting concepts. In addition, the course describes the controls, forms, and procedures needed to effectively manage investments. In short, it addresses every possible aspect of the accounting for investments.

Author:Steven Bragg

Course Number: AC1073

Table of Contents

Chapter 1. Accounting for Investments
Chapter 2. The Equity MethodChapter 3. Nonprofit Investment Accounting
Chapter 4. Investment Controls and Procedures

Learning Objectives

• Identify the characteristics of the various types of investments, and the rules under which the investment classifications can be used. Also note the activities that will trigger the recognition of unrealized gains and losses.

• Specify the impact of various investee actions on an investor’s equity method recordation of its investment in the investee.

• Recognize the rules under which a nonprofit can record a purchased investment.

• State the policies used to govern the administration of investments, and identify the dangers posed by measuring certain investment outcomes.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date:March 2023

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org .

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.