Understanding Partnership Accounting (Second Edition)

by Advent Software Inc., The Financial Services Industry Group of American Express Tax, Business Services Inc.

List Price:	~~$49.95~~
Amazon Price:	$49.95 & eligible for FREE Super Saver Shipping on orders over $25.
Average Rating:
Lowest New Price:	$44.96
Availablitiy:	Usually ships in 24 hours

Editorial Reviews
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.

Customers who bought this item also bought

All Customer Reviews
Average Customer Review: 4 out of 5 stars

0 of 0 people found the following review helpful:

5 out of 5 stars

Excellent Choice!, 2008-08-03
This book is well-written and is easy to understand even if a person has no clue about hedge funds and their inner workings. It provides knowledge of partnership accounting relating to hedge funds without using complicated industry lingo. Excellent choice to buy to understand the history of hedge funds and its evolution. It also provides an intimate knowledge of the hedge fund industry today along with relevant regulatory guidelines. Understanding Partnership Accounting (Second Edition)

0 of 0 people found the following review helpful:

4 out of 5 stars

Great Start, 2007-12-08
This book is a good account of the fundamentals of Partnership Accounting. I would suggest that unless you do not have any experience in the space look for a more detailed compilation.

On a brighter note, it serves as a good COMPLETE coverage of the Alternative Investments space from a cursory accounting and record keeping perspective.

I would say read it nonetheless if you have the time/luxury.

-Richie Etwaru

1 of 2 people found the following review helpful:

4 out of 5 stars

A good book for one to understand partnership accounting, 2007-05-13
The book is well organized. Practical. A nice starter's book for accountant who wants to get in the door of private equity fund's accounting world.

4 of 4 people found the following review helpful:

3 out of 5 stars

it's OK as an introductory book, 2006-12-30
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.

Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.