Accounting policy & practice series ; 5209-2nd.
"Bloomberg Tax Accounting Portfolio 5209-2nd, Accounting by Partnerships (Accounting Policy and Practice Series), explains the accounting for all phases in the typical life cycle of a non-public partnership entity and briefly discusses other significant events, including the incorporation and consolidation of partnerships. Although existing Generally Accepted Accounting Principles (GAAP) apply only to partnerships that are publicly traded and registered investment partnerships, many partnerships, both general and limited, choose to maintain records and accounts in accordance with GAAP. This Portfolio focuses on those partnerships that are not publicly traded but do maintain accounts in accordance with GAAP. Publicly traded partnerships employing GAAP may find this Portfolio's explanations and analysis useful. However, this Portfolio does not comprehensively explore GAAP with which publicly traded partnerships must comply."
Bibliography, etc. Note
Includes bibliographical references.
Formatted Contents Note
Detailed analysis. Overview and scope of portfolio Routine partnership transactions Admission of a new partner Withdrawal of an existing partner Liquidation of a partnership Incorporation of a partnership Working papers.
Digital File Characteristics
Source of Description
Title from title screen (viewed Aug. 23, 2012).