- NY Credits : 4.0
- TX Credits : 4.0
This course discusses the background of ASC 320 and related basic requirements including the classification and accounting of marketable debt securities, as well as how these securities are reported in the financial statements and their footnotes. The course explains the impairment of investments and ASC 320's effect on an entity's accounting for income taxes. This course is most appropriate for the professional with detailed knowledge in accounting for investments in debt securities or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
recognize accounting requirements related to accounting for investments in debt securities;
identify the characteristics of dispositions, transfers between categories, and impairment; and
determine the proper accounting for income taxes, fair value, and reporting and audit considerations.