Investment Management Industry Fundamentals

Description

The investment management (IM) industry is unique, and as a result, so is their accounting! In fact, they have their own separate FASB Codification Topic (ASC 946). If you’re new to the IM industry or need training on accounting for investment companies under ASC 946, then this investment management CPE online course collection is for you!

We’ve bundled together nine eLearning courses (eligible for 10.9 CPE credits) at a great price, covering the topics you need to know if you're responsible for financial reporting for or auditing of investment companies under U.S. GAAP. It explores the investment management industry, including how investment funds operate, their investing strategies, and the unique accounting and reporting considerations these specialized entities face.

Firstly, you'll explore an overview of the investment management industry. Therefore, it focuses on what makes investment companies unique and their special accounting under ASC 946. Topics covered include:

Characteristics of an investment company as defined by ASC 946
Operations of an investment company
Introduction to investment company accounting

After that, you'll explore the various types of investments made by investment companies. This course also covers the accounting for investments. Topics covered include:

Accounting for investments - equity securities
Accounting for investments - debt securities
Alternative investments, including derivative instruments and investments in other investment companies

Now that you understand how investment companies operate and invest, its time to look at a pervasive accounting issue - fair value. The next several courses in this investment management CPE course collection looks at fair value measurement under U.S. GAAP (ASC 820). Topics covered include:

Key concepts of fair value
Valuation approaches and the fair value hierarchy
Active, inactive, and disorderly markets
NAV as a practical expedient
Special considerations for liabilities
Restrictions on the sale of assets

Another feature that makes investment companies unique is their reliance on service providers. As a result, the next course in the investment management CPE course collection focuses on transactions with service providers. Topics include:

Typical service providers for an investment company
Management fees and performance fees
Distribution fee arrangements

Investment companies are funded by unit holders. Therefore, the next course in the series focuses on transactions with unit holders. Topics covered include:

Accounting for purchases, sales, distributions, and redemptions
Liability vs equity classification
Capital structures of investment companies

Lastly, the final course in the investment management CPE course collection explores the special financial reporting considerations. ASC 946 requires special financial statements and disclosures compared to other operating companies. Topics covered include:

Financial reporting requirements and how they differ under ASC 946
Financial statement presentation
Financial reporting considerations for different capital structures

Start your ASC 946 training today! Purchase these investment management CPE courses as a collection and save!

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Additional Information

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.

Original price was: $1,289.Current price is: $599.