Investments: Accounting for Equity Securities under ASC 321
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Description
Accounting for equity securities under the guidance in ASC 321 isn't always as straightforward as it seems! Which investments are in the scope of the guidance? What if an equity security doesn't have a readily determinable fair value? What even is "readily determinable fair value"? Navigate the complexities of accounting for equity investments with our equity securities CPE-eligible eLearning course (1.0 CPE). This online course discusses the scope of ASC 321 and the accounting for investments in equity securities with readily determinable fair values. What if the fair value of the investment is not readily determinable? We cover that too, specifically the measurement alternative within ASC 321 and the requirements for its use, including the criteria that must be met and the ongoing assessment requirements.
Topics covered in this equity securities CPE course include:
- Scope of ASC 321
- Initial recognition and measurement of equity securities
- Readily determinable fair value (RDFV) definition and application issues
- Subsequent measurement of equity securities - RDFV
- Measurement alternative election
- Net Asset Value (NAV) as a practical expedient
Most companies, regardless of the industry, hold investments of some sort. If you are involved in financial reporting for or auditing a company that holds investments in equity securities, this course provides a great overview of the requirements under ASC 321. It is easy to understand with plenty of examples to help you apply the guidance. And, with GAAP Dynamics, you know it will be fun!
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Learning Objectives
By the end of this course, you should be able to:
- Identify investments in equity securities and other ownership interests that are within the scope of ASC 321
- Recall the definition of readily determinable fair value and why it is important under U.S. GAAP
- Recognize the requirements for the use of the measurement alternative for equity securities and other ownership interests
Additional Information
| Last Updated | 10/01/2024 |
|---|---|
| CPE Credit | 1.0 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| 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. |
$120
1h 00m
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