Review of Understanding Partnership Accounting (Second Edition) (Paperback)

The book provides an introductory overview of partnership accounting. All the calculations and formulas cited in the book are from its own software. Those similar formulas are also provided in other softwares which are much more commonly used, e.g. MS Excel. Lots of time spent on the tax allocations rather than on the P&L allocations. There're also apparent errors in the formulas as well, such as the annualized return calculation on P. 246.

Product Description
Understanding Partnership Accounting (Second Edition) is an investment partnership accounting guide written by Advent Software and the Financial Services Industry Group of American Express Tax and Business Services. The book covers the accounting and legal services that investment partnerships require. It also describes how investment partnerships allocate the results of their investments to the partners, including tax reallocations for performance fees, and other tax and reporting issues.

About the Author
Advent Software is the world's leading provider of software solutions, data integration tools, and services for investment management professionals.

The Financial Services Industry Group of American Express Tax and Business Services is a world leader in delivering tax and advisory services to investment partnerships, hedge funds, and broker dealers throughout the US and around the world.

Click Here to see more reviews about: Understanding Partnership Accounting (Second Edition) (Paperback)