NAA2314. Partnership Accounting Issues

Practitioners face a number of unique partnership accounting issues that are not specifically addressed in the authoritative literature. This session, presented by the Center for Plain English Accounting (CPEA), addresses these unique issues, such as methods of accounting for partner contributions, partner loans, transfer of a partner’s interest, allocation of salaries and bonuses, and other areas.

Learning Objectives:

• Assess technical literature and other practice guidance relevant to addressing the topics covered in this session.
• Evaluate answers to common partnership accounting questions
• Categorize issues and risks related to partnership financial reporting.