Free Site Registration


Rothstein Kass Updates Manual for Investment Funds

Print
Email
Reprints
New York (November 19, 2012)

By Michael Cohn

Rothstein Kass has released its updated financial statement manual for alternative investment funds such as hedge funds and hybrid funds.

The updated “Alternative Investment Fund Pro Forma – Financial Statements Reference Manual” for 2012 provides a guidebook for completing financial statements for hedge and hybrid funds, fund of funds and master-feeder structures. Updated  to reflect the latest industry developments, this year’s edition includes sample financial statements for domestic funds, offshore funds, master funds, domestic feeder funds and offshore feeder fund structures.

“Throughout the past year, alternative investment professionals have faced ongoing volatility, a number of industry-wide developments and growing economic uncertainty both in the U.S. and worldwide,” said Vince Calcagno, principal-in-charge of Rothstein Kass’s Beverly Hills office, in a statement. “While fund managers are still experiencing continued positive trends in institutional investing, their time has never been more splintered. And on top of it all, fund managers are also faced with mounting regulations that are adding extra layers to an already complex financial reporting process.”

The reference manual includes sample templates for the statement of financial condition, statement of operations, statement of changes in partners’ capital, statement of cash flows and the condensed schedule of investments. Drawing on Rothstein Kass’s expertise in the alternative investment sector, the manual also includes an extensive “notes to financial statements” section for every fund. This section includes a variety of reference information and explanations on the nature of operations and summary of significant accounting policies, fair value measurements, investments in private investment companies, amounts due from/to brokers, derivative contracts, securities purchased under agreements to resell and securities sold under agreements to repurchase, securities lending agreements, securities sold short, concentration of credit risk, partners’ capital, related party transactions, administrative fee, financial highlights and subsequent events.

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Accounting Today, please use the form below to login. When completed you will immeditely be directed to post a comment.

 

Follow Accounting Today
Advertisement
Advertisement

What's the Biggest Opportunity for Accountants Today?

May 24, 2013

Guests at the Meet the Editors dinner at Keens Steakhouse in New York give their assessments of the many opportunities available to accountants for growing their practices.

What's the Biggest Threat or Challenge Facing Accountants?

May 22, 2013

Attendees at Accounting Today's Meet the Editors Dinner at Keens Steakhouse in New York discuss the top issues confronting accountants.

Women in Accounting: Breaking the Mold

May 21, 2013

A continued conversation with Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh about the obstacles women in the accounting profession face when trying to make their way into leadership positions.

Advertisement

SLIDE SHOW

Tax Season by the Numbers

May 22, 2013

The IRS recently released statistics covering the year to May 10, 2013.

Top 10 Tech Initiatives -- 2013

May 5, 2013

The AICPA's annual list of IT priorities for accounting firms.

Tax Stats: May 2013

April 30, 2013

Our monthly collection of statistics from the world of tax.

10 Biggest Estate Planning Mistakes

April 29, 2013

Help your clients avoid these common pitfalls.

Common E-mail Security Mistakes

April 23, 2013

These five bad habits can make your confidential information -- and that of your clients -- easy to steal.

Advertisement
Advertisement
Advertisement