Course contents

The course is designed for accountants who are new to the accounting and auditing treatment of LLPs. It is ideal for accountants needing a refresher. The course contents are drawn from:

    The legal background to LLPs
  • Definition of terms
  • Accounting conversion to an LLP
  • The role of the designated member
  • Accounting treatment of LLPs
  • Financial disclosures
  • LLP SORP
  • Sample accounts and layout
  • Allocation and treatment of profits or losses
  • Corporate partners
  • Legal duties of members
  • Problem areas
  • This course does not cover the taxation of LLPs.

The course covers the audit issues for LLPs.

Course type
Limited liability partnerships and partnerships