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US GAAP for Investment Funds
"Very good course." Financial Reporting Professional, Fund Administrator, Ireland
Featured Course
US GAAP for Investment Funds
Duration: One Day
Course Overview
This course prepares financial reporting professionals for producing financial statements for investment funds in accordance with US GAAP. The content is based on the relevant accounting standards and associated guidance and participants will use actual fund financial reports to help illustrate the reporting requirements under US GAAP.
Participants will be required to complete individual and group exercises throughout the day.
Course Content
- US GAAP Framework
- Financial Accounting Standards Board (FASB)
- Accounting Standards and Codification
- AICPA Accounting and Audit Guide for Investment Companies
- Securities and Exchange Commission (SEC)
- Financial Statements
- Components, comparatives, interims
- Statement of assets & liabilities
- Statement of operations
- Statement of changes in net assets
- Statement of cash flows
- Schedule of investments
- Financial highlights
- Financial Instruments
- Recognition and de-recognition
- Fair value measurement
- Fair value disclosures
- Fair value hierarchy
- Derivatives and Hedging
- Accounting
- Disclosures
- Specific Issues
- Income & expenses
- Consolidations
- Accounting for Uncertainty in Income Taxes (FIN 48)- Overview
- US GAAP versus IFRS
- Current Developments
Who should attend?
This course is geared towards financial reporting professionals responsible for the production of fund financial statements in accordance with US generally accepted accounting principles. Participants should be familiar with fund financial reporting according to Irish GAAP or IFRS. No prior US GAAP knowledge is required.
