Description:
This course is comprised of 3 videos, covering investments in equity securities (including mark-to-market accounting, equity method and consolidations); property, plant and equipment; and intangible assets. The financial statements and the footnotes of the companies featured in this course include Walt Disney, 3M and Yahoo

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Author: James Pratt

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 08/11/2021

Technical Details: Accounting: Technical

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Objectives:
1. Differentiate the market value method from the equity method and the conditions under which each is used.
2. Recognize the fundamental issues involved when one company acquires a controlling interest in another company and how goodwill appears on the financial statements and is subsequently accounted for.
3. Identify the major issues involved when accounting for long-lived assets and how the accounting methods for each issue affect the financial statements.

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NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers : CPA