Many limited liability companies and similar organizations have granted profits interests to management and service providers. In this session, participants will walk through a case study that identifies the common challenges in accounting for profits interests. The session will also cover recent standard setting activities around the classification and measurement of profits interests.
Identify the key decision/inflection points in accounting for profits interests
Describe some of the recent standard setting activities related to the accounting for profits interests
CPA (State of Pennsylvania),
Mind the GAAP, LLC