Читать книгу Reading Financial Reports For Dummies - Lita Epstein - Страница 37

Unless a partnership seeks outside funding, its financial reports don't have to be presented in any special way because the reports don't have to satisfy anyone but the partners. Partnerships do need reports to monitor the success or failure of business operations, but they don't have to be completed to meet GAAP standards (see Chapter 17). Usually, when more than one person is involved, the partners decide among themselves what type of financial reporting is required and who's responsible for preparing those reports.

If the partnership seeks funding from a bank or investors, more formal reporting may be needed, such as audited financial statements and business plans.