Accounting for Investment Companies

Address the specialized accounting issues unique to investment companies and deliver accurate fund reporting. This course explains how to account for complex capital structures, including multiple share classes, master-feeder arrangements, and funds of funds. Learn to calculate net asset value, record portfolio investments properly, and assemble a complete set of financial statements tailored to investment entities. Build the technical expertise required to support transparent, investor-focused financial reporting.
Format

PDF Course

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Duration

2 Hours

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Course Information

Author: Steven Bragg
Course Number: AC1157

Learning 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.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: October 2024
Program Registration Requirements: Click on the Enroll button 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.