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Partnership Formation and Operation

EduCBA

Summary

Price
£149 inc VAT
Or £49.67/mo. for 3 months...
Study method
Online
Duration
4 hours · Self-paced
Qualification
No formal qualification

Overview

This is an in-depth advanced accounting training which a guide to understanding the financial reporting needs while a partnership formation or change in ownership. This training is for you to learn about the major features of a partnership, understanding how the valuation and record keeping happens, computation of profit and loss and various other scenarios that affects the books of accounts.

Description

Curriculum

1. Introduction

  • Introduction to Partnership Formation and Operation


2. Getting Started Partnership

  • Concept of Partnership
  • Key Features of Partnership

3. Types of Partnership

  • Types of Partnership
  • Partnership Accounting
  • Capital Balance Ratio
  • Change in Ownership
  • Sacrificing Ratio
  • Admission in Ownership
  • Interest on Capital
  • Interest on Drawings
  • Goodwill
  • Super Profit Method
  • Capitalisation Method
  • Treatment of Goodwill
  • Working on Example
  • New Partner doesn’t Share Good Cash
  • Revaluation of Asset and Liabilities
  • Adjustment Reserve and Accumulated P and L
  • Working on Example 6
  • Working on Example 6 Continues
  • Working on Example 7
  • Revaluation Account
  • Working on BL of Himani and Harsha
  • Working on Balance sheet Continues
  • Adjustment of Partners Capital
  • Understand Revaluation Account
  • Calculating New Profit Ratio

4. Conclusion

Who is this course for?

  • Students
  • Professionals (majorly Accountants, Auditors, Accounting Consultants, and Chartered Financial Analysts etc.) who want to excel in global organisations by learning about global standards that ply in their working.
  • Anyone who wants to learn about International Financial Reporting Standards and improve the knowledge about the working of organisations on a global level.

Requirements

  • Passion to learn
  • Interest in finance and accounting
  • Basic knowledge of accounting terms and concepts

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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