Accounting for Investment Companies ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course offers a detailed exploration of the unique accounting requirements for investment companies. It features thorough guidance on handling complex capital structures, including different classes of shares and the intricacies of master-feeder funds and funds of funds. Participants benefit from learning the critical aspects of calculating net asset value, accounting for investment portfolios, and the essential steps to prepare comprehensive financial statements for an investment company. Additionally, the course covers the nuances of investment transaction recognition and the requirements for keeping records under the 1940 Act. By mastering these elements, attendees will be able to confidently manage and report on investment company accounts, enhancing their professional skill set and value to their organizations.
Highlights
Complex capital structures. Transaction dating. Investment accounts. Financial instruments. Financial statements.
Prerequisites
None.
Designed For
CPA, CEO, CFP, and other financial managers.
Objectives
Identify an investment company’s service providers. Specify the characteristics of complex capital structures in an investment company. Describe the timing for when investment transactions are recognized. Identify the accounting records that the 1940 Act requires an investment company to keep. Specify how net asset value is determined. Identify the different types of valuation options that may be applied to investments. Recall how a clawback arrangement functions within an investment company. Recall the steps required to complete a short selling transaction. Identify the contents of an investment company’s financial statements.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00