Mastering Partnership Formation and Operation
Unlock the secrets of successful partnership formation and management with our comprehensive course.
560
students
3.5 hours
content
Oct 2024
last update
$44.99
regular price
What you will learn
Fundamental Concepts of Partnership: Understanding the definition, importance, and structure of partnerships, including legal implications and responsibilities.
Key Features of Partnerships: Exploring the characteristics that define partnerships, such as decision-making processes, profit-sharing methods, partner roles.
Types of Partnerships: Identifying and differentiating between various types of partnerships, including general, limited, and silent partnerships.
Partnership Accounting Principles: Gaining practical knowledge in maintaining partnership accounts, calculating capital balances, managing ownership changes.
Goodwill Valuation: Learning how to assess goodwill in a partnership using different methods, including the Super Profit Method and Capitalization Method.
Interest Calculations: Understanding how to calculate and manage interest on partners’ capital contributions and drawings.
Revaluation of Assets and Liabilities: Learning the processes involved in revaluing assets and liabilities during changes in ownership.
Settlement Procedures: Gaining insights into the settlement of partners' claims upon retirement or dissolution, ensuring a fair and transparent process.
Practical Application: Working through real-world examples and numerical problems to apply theoretical knowledge, enhancing problem-solving skills
Collaboration and Negotiation Skills: Developing interpersonal skills necessary for effective partnership collaboration, negotiation, and conflict resolution.
6248619
udemy ID
10/22/2024
course created date
10/26/2024
course indexed date
Angelcrc Seven
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