ASC 946: Definition of an Investment Company
Description
Investment companies are unique, and so is their accounting. But what types of entities qualify as investment companies? Within U.S. GAAP, ASC 946 provides a definition of an investment company. And this definition is crucial to know if an entity is in-scope of the guidance in ASC 946 or not!
This CPE-eligible, microlearning course (0.2 CPE) begins with an overview of the fundamental and typical characteristics found with ASC 946 Financial Services – Investment Companies. Then, using this information, learners are given a chance to apply what they’ve learned with a series of class examples where they must determine whether an entity is an investment company based on case facts.
Topics covered in this definition of an investment company CPE course include:
- What is an investment company?
- Regulation of investment companies (Investment Company Act of 1940)
- Specialized accounting practices
- The fundamental characteristics of an investment company
- The typical characteristics of an investment company
- Case studies: Is it an investment company under ASC 946?
If you’re looking for a quick and fun way to learn whether an entity meets the definition of an investment company, all while earning CPE, this course is for you!
Interested in group discounts for your team? Contact us to learn more.
Learning Objective
- Identify investment companies based on the characteristics outlined in ASC 946
Additional Information
| Last Updated | 04/01/2025 |
|---|---|
| CPE Credit | 0.2 |
| Field of Study | Accounting |
| Industry | Investment Management |
| Instructional Delivery Method | Nano Learning |
| Knowledge Level | Overview |
| Microlearning | |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$35
0h 15m
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