Mutual Funds


MUTUAL FUNDS
The SEC published a prototype “summary prospectus” for mutual funds. The proposed streamlined prospectus would let investors quickly learn key information about a mutual fund. The proposed prospectus includes:

Investment objectives.

Costs.

Principal investment strategies, risks and performance.

Top 10 portfolio holdings.

Identity of investment advisers and portfolio managers.

Brief purchase, sale and tax information.

Information about broker compensation and conflicts.

The SEC is seeking public comment by Feb. 28. For more information, visit www.sec.gov/investor/enhanceddisclosure.htm.

 

©2008 AICPA

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.