Hedge Funds: Illustrative Financial Statements
These illustrative financial statements, produced by CohnReznick, provide examples of Alternative Investment Fund financial statements. These financial statements do not demonstrate all possible scenarios but can serve as a set of relevant GAAP-compliant examples.
This set of illustrative financial statements includes:
- Examples of a wide range of investment strategies and related disclosures
- Information for domestic and offshore hedge funds, including master-feeder structures
- Guidance for various stages of a fund’s life cycle, from emerging managers to funds that are in liquidation
- Relevant guidance from the FASB Accounting Standards Codification; AICPA Technical Questions and Answers; and AICPA Audit and Accounting Guide, Investment Companies
- References to applicable literature so the reader can learn additional information about the disclosure and tailor the disclosure to the hedge fund’s circumstances
Hedge fund managers and hedge fund administrators can use these illustrative financial statements as a master guide, providing disclosures for a wide range of investment strategies and related disclosures.
InsightNew Revenue Recognition Rules and Their Impact on Private Company Investment AdvisorsOn May 28, 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) (ASU 2014-09). The new standard changed the accounting for revenue recognition and for related contract assets and liabilities.
InsightNon-Control Investments: Potential Owners' Exit StrategySometimes, a sellers’ market alone is not a good enough reason for an owner to exit their business.
InsightDigital Due Diligence: Don’t Do a Deal Without ItMerger and acquisition activity has been increasing sharply, with worldwide transaction value up 26 percent in the first half of 2018 over the same period in the preceding year.
InsightBusinesses Express Optimism, and Concern, About 2019As 2018 moves to a close, businesses are starting to zero in on potential shifts in the global marketplace that could pose operational risks in the coming year.
Press ReleaseSurvey Reveals Executives and Investors Optimistic about 2019, but Watching Growing RisksAn overwhelming majority (81%) of companies and investors were optimistic about their ability to achieve their financial goals in 2019 (up from 79% in 2017), according to a survey of investors and executives conducted by CohnReznick, a leading advisory, assurance and tax firm.