Handbook: Investment companies
Handbooks | May 2025
Our new in-depth guide to specialized industry accounting and presentation for investment companies.
Using Q&As and examples, our new guide provides comprehensive coverage of specialized industry accounting and presentation topics that apply to investment companies within the scope of ASC 946.聽
Applicability
- All investment companies
Relevant dates
- Effective immediately
Key impacts
From private hedge funds to mutual funds, investment companies come in many different forms. While all investment companies have certain fundamental characteristics like seeking returns through capital appreciation or investment income, the structure and portfolio of each investment company is often unique and can be quite complex.
Investment company accounting involves navigating the intersection of the industry-specific guidance of ASC Topic 946, other applicable US GAAP and various guidance from regulatory authorities and professional associations. Additional complexity is introduced when some, but not all, of that guidance applies to your investment company.
This Handbook provides a roadmap to understand the relevant guidance, explaining when and how to apply that guidance to each type of investment fund. It provides an in-depth look at the broad and often complex issues related to the scope, classification, measurement, presentation and disclosure for investment companies. Further, it includes examples demonstrating how the standards apply to common scenarios faced by the asset management industry.
Report contents
- Objective and scope
- Investments
- Capital transactions
- Investment adviser transactions
- Financial statements: general requirements
- Reporting financial position
- Reporting results of operations
- Other presentation matters
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