Webcast: Accounting for Investments Under Evolving U.S. GAAP (XSAIUE119)
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Understanding the proper accounting for and reporting of investments can be challenging, especially given recent changes to U.S. GAAP related to financial instruments and fair value measurement disclosures. 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 accountin

6/24/2019
When: June 24, 2019
12:00 PM until 2:00 PM
Where: Webcast
Surgent
AIUE-2019-01-WEBNR-175-01
United States
Presenter: Jen Louis, CPA


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Acronym XSAIUE119
CPE 2 hours
Vendor Surgent
Category
Accounting & Auditing
Level Basic
Yellow Book? No
CFP Credit? No
Registration Fees
Members* $89
CPA Non-Members $114

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description

Understanding the proper accounting for and reporting of investments can be challenging, especially given recent changes to U.S. GAAP related to financial instruments and fair value measurement disclosures. 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.

Objectives

  • Discuss the proper accounting for investments, including impact of recent Accounting Standard Updates (ASUs)
  • Describe special accounting considerations, such as equity method investments, alternative investments with net asset value, cash value of life insurance, and more
  • Explain fair value presentation and disclosure requirements, including simplifications in recent ASUs

Major Topics

  • Identifying the three primary factors in determining proper accounting for investments in other entities
  • Exploring the principles of 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 debt and equity investments under FASB ASC 320 and 321
  • Discussing the key characteristics of a variable interest entity requiring consolidation
  • Explaining how to account for the cash value of permanent life insurance arrangements
  • Identifying when long-lived assets may be classified as property held for investment purposes
  • Discussing the foundational principles of fair value measurement and disclosure

Designed For: CPAs in either public or private practice with accounting, financial reporting, or attest responsibilities

Requisite Knowledge: None

Note: Login instructions will be provided by the webcast vendor (Surgent).