Postponed. New Date Coming Soon!
Compared to companies, one benefit partnerships provide is flexibility since partnership agreements are primarily creatures of contract rather than instruments governed by corporate statutes. This flexibility extends, to some degree, to accounting. Partners are able to agree between each other on a number of aspects, such as whether any salary is to be received, as well as the allocation of profits and losses amongst partners. The following course will provide attendees with information on the key considerations for partnerships and their related accounting requirements and will provide case studies to clarify concepts. Our seminar concludes with a meaty discussion of how partnership accounting is used in hedge fund and private equity accounting. The examples use simple math—no linear algebra, differential equations, Laplace transforms, or anything that uses a Greek letter.