Accounting for Investment Companies
The accounting for investment companies contains a number of unique transactions and reports. In the Accounting for Investment Companies course, we cover the treatment of different capital structures, including multiple classes of shares, master-feeder funds, and funds of funds. The course also covers the net asset value calculation, how to account for the investment portfolio, and how to structure a complete set of financial statements for an investment company.
Format
PDF Course
Level
Overview
Duration
2 Hours
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.
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