Surgent's Accounting for and Auditing Complex Investments

Overview

As companies look for greater investment returns in the current low interest rate environment, they are often investing in more risky types of investments, such as cryptocurrency. Further, as they look to hedge business risks, companies are frequently entering into derivative transactions, which both can contain unexpected risk and accounting complexity.

As you advance in your audit careers, you will be faced with both understanding the accounting for and auditing these complex financial statement areas. In this course, we’ll review the accounting models of several types of complex investments and review common audit procedures in these areas. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 3.)

Highlights

• The fair value measurement process
• Derivative and hedge accounting under ASC 815
• Accounting and auditing considerations related to the use of the equity method of accounting under ASC 323
• Accounting and auditing considerations related to investments in cryptocurrency and digital assets

Prerequisites

Experience on audit engagements

Designed For

Accountants who account for or audit more complex financial instruments

Objectives

• Recall fair value accounting guidance under ASC 820
• Recall the accounting guidance related to hedging transactions and other complex investments
• Identify common audit procedures related to complex investments

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.