Accounting For Partnerships

Rating:
Summary: Covers the very basics
Review: This book makes a good fit for early beginners to partnership accounting. The main chapter contains material that is very generic and that may be gathered from any web-site on partnerships. Most of the material is very academic in nature, with significant portions devoted to exercises. A third of the book is dedicated to taxation and another third to liquidations, which are discussed in signficant depth. Nonetheless, if the reader wants to learn more about partnership implementations such as private equity or hedge funds, this book may not serve those needs. This book is best suited for a second course in accounting. Experienced business professionals are unlikely to enhance their knowledge of partnerships, unless they want to learn about liquidations and taxation.