The Premium Accounting & CPA Certification Training Bundle

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16 Courses & 59 Hours
$34.99$3,200.00
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What's Included

Partnership Accounting
  • Certification included
  • Experience level required: Beginner
  • Access 19 lectures & 4 hours of content 24/7
  • Length of time users can access this course: Lifetime

Course Curriculum

19 Lessons (4h)

  • Your First Program
  • Accounting For Partnerships
    10 Partnerships Introduction20:52
    12 Partnership Set Up New Partnership11:15
    20 Partnership Income Allocation20:04
    22 Partnership Withdraws10:03
    23 Partnership Closing Process12:20
    25 Partnership Partner Leaves Partnership Cash Equal to Capital Account3:43
    26 Partnership Partner Leaves Partnership Cash less then Capital Account7:22
    28 Partner Leaves Partnership Cash Greater then Capital Account6:25
    29 Add New Partnership - Cash More Then Capital Account9:23
    29.1 Add New Partner - Cash Less Then Capital Account15:26
    29.2 partner sells partnership interest to a new Partner10:05
    29.3 Partner sells partnership interest - Cash Received Less Then Capital5:35
    29.4 Partner sells partnership interest - Cash Received Greater Than Capital7:00
    30 Partnership Liquidation Gain on sale of Assets16:54
    40 Partnerships Liquidation Loss on sale of Assets13:57
    50 Partnership Liquidation Partner Pays Partnership for Negative Capital Account19:24
    60 Partnership Liquidation Partner Does Not Pays Partnership for Negative Capital Account20:06
    1200.20 Partnership - partner sells partnership interest-Accounting%2C financial22:23
    1200.10 Partnership - Adding a new partner to the partnership-Accounting%2C financial24:53

Partnership Accounting

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Robert Steele

Robert Steele | CPA, CGMA, MS, Tax, CPI

4.4/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and a curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

Description

This partnership course will focus on the accounting issues that are different in a partnership as compared to other types of entities like a sole proprietorship or corporations. It defines what a partnership is and comparing the characteristics of a partnership with other business entities. The course will discuss the process for setting up a new partnership, typically starting with the partners contributing capital to the partnership, requiring us to record the contribution and the capital accounts. It will also cover the processes in a partnership, from formation up to liquidation or closing process.

4.6/5 average rating: ★ ★ ★ ★

  • Access 19 lectures & 4 hours of content 24/7
  • Know what a partnership is & compare the characteristics of a partnership with other business entities
  • Learn the process of setting up a new partnership, starting with contributing capital
  • Understand the allocation of net income to the partners
  • Walk through the recording process of partnership draws
  • Learn about the partnership liquidation or closing process

Specs

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Redemption deadline: redeem your code within 30 days of purchase
  • Experience level required: beginner
  • Have questions on how digital purchases work? Learn more here

Requirements

  • Basic understanding of financial accounting and debits and credits

Terms

  • Unredeemed licenses can be returned for store credit within 30 days of purchase. Once your license is redeemed, all sales are final.