NAA2218. Profits Interests - Special Issues Related to Accounting for Partnerships

To submit a question or participate in polling, click the link above. Profits Interests have become increasingly common in private entities. Navigating the accounting for these instruments can be complex. This session will discuss common features of profits interests, key challenges with auditing these instruments, and understanding how to account for them.

Learning Objectives:

• Distinguish profits interests and articulate key associated terms and common features​
• Identify key challenges with auditing profits interests​
• Determine whether the compensation arrangement is subject to ASC 710 or 718 in order to correctly classify it