This CPE-eligible, eLearning course (1.5 CPE) explains the financial reporting requirements for investment companies under U.S. GAAP, for both registered and non-registered funds. It focuses the financial reporting requirements under U.S. GAAP that are unique to investment companies. This online course covers the following topics: Statement of assets and liabilities Statement of net assets Schedule of investments Statement of operations Statement of changes in net assets Statement of cash flows Financial highlights Special considerations for different capital structures A final case study provides you with an opportunity to apply what you’ve learned to identify errors in an example set of financial statements. This case study is a "choose your own adventure" where you can choose whether to identify errors in the financial statements of a registered investment company or a non-registered investment company.