- NY Credits : 4.0
- TX Credits : 4.0
This course discusses the background of ASC 320 and 321 and their basic requirements. You will learn about the classification and accounting of marketable debt and equity securities, as well as how these securities are reported in the financial statements and their footnotes. The course will also look at the impairment of investments and ASC 320's and 321's effect on an entity's accounting for income taxes. This intermediate level course is most appropriate for the professional with detailed knowledge in accounting for investments in debt and equity 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.
Upon successful completion of this course, the user should be able to:
recognize accounting requirements related to accounting for investments in debt and equity 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.