Private Equity Fund Accounting

Accounting for Private Equity Funds
Accounting for private equity funds should accommodate privately held companies, keeping in mind that that private equity funds are not traded publicly, and private equity investments are usually made directly from high net-worth sources. Thus, accounting and tax planning follow the same tone.
A private equity CPA should work within the standards issued by the FASB and the IASP. Some accounting standards were not formed with private equity entities in mind, so private equity tax planning and private equity fund accounting must be adjusted to clearly outline the financial situation and operation of the private equity fund.
Private equity bookkeeping, especially the preparation of financial statements, should clearly reflect the terms that the equity fund has with the different businesses or individuals that have invested. The private equity fund’s activities and investors should also be outlined in financial statements.
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