An exchange-traded fund (ETF) is a basket of securities designed to replicate the performance of a stock or bond index (e.g., S&P 500 Index or Lehman Brothers 20+ Yea. Treasury Index.) ETFs are listed on an exchange, and unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day. They can also be sold short and bought on margin. In brief, anything you might do with a stock, you can do with an ETF.
All the above features have led to the rapid growth of ETFs since the first offering came to fruition in 1993. An increasing number of financial professionals, including CPAs, are turning their attention to this new breed of investment products. As such, this course will provide you with a thorough understanding of exchange traded funds.
We will cover the manner in which ETFs are created and offered to investors. We will take a more comprehensive look at the key features of ETFs and how they stack up to comparable products, such as index mutual funds, including in such areas as tax advantages.
We will also feature some of the biggest, as well as most popular, ETF offerings and the companies that offer them. Most importantly, we will provide you with information on useful tools and resources, which you can use to further research and to utilize exchange traded funds in your practice.Objectives:
Upon completion of this course, you should:
- Gain a thorough understanding of exchange traded funds (ETFs), including their key advantages and drawbacks to investors
- Increase your knowledge of the ETF market, including the various ETF providers making up the ETF industry today
- Learn about the various ETFs available to investors and financial professionals today
- Learn about the different tools and resources that you can utilize to incorporate ETFs into your practice
Upon ordering this course, you will immediately receive instructions how to download the course as an Online pdf document. Included in this email will be log-on instructions for taking the certification exam. You have one year from date of purchase to complete the course.Exam Format
After you have completed reviewing the text material, you may take your exam in our convenient, untimed online format. Tests average 5 questions for each CPE credit offered. For example, a CPE test worth 20 credits would include about 100 questions.
A score of 70% or better is required to pass this course, although there is no limit to the number of times you may take the exam in order to pass.CPE Certification
When you successfully pass the exam, your Certificate of Completion will be displayed on the screen. Print it out on your printer by using the “Print” command in your web browser.
This course is accepted in all but the following states for CPE credit: FL, MN, MS, OR, SC, & TN.
Course Level: Basic
Field of Study: Consulting Services
Prerequisites: NoneAbout The Author
Colleen Neuharth McClain is a certified public accountant (CPA) practicing in the fields of financial accounting and controllership as a sole proprietor. She is a graduate of the University of Texas and has served for more than 15 years as a controller for various organizations; small and large, public and private, domestic and international.
She is now sharing her knowledge and experiences with other accountants through writing continuing education material and exam questions.
Colleen has written and reviewed hundreds of exam questions for the American Institute of Certified Public Accountants (AICPA) over the past 5 years which are intended to appear in the database of potential CPA exam items.