Private equity: Illustrative financial statements
These illustrative financial statements, produced by CohnReznick, provide examples of private equity financial statements. They can serve as a set of relevant GAAP-compliant examples. Private equity fund managers can use them as a master guide, with sample disclosures for common scenarios.
This set of illustrative financial statements includes:
- Relevant guidance from the FASB Accounting Standards Codification; AICPA Technical Questions and Answers; and AICPA Audit and Accounting Guide on investment companies
- References to applicable literature so the user can learn additional information about each disclosure and tailor it to their private equity fund’s circumstances
- A sample disclosure related to FASB’s Accounting Standards Update (ASU) No. 2018-13, Fair Value Measurement (Topic 820), “Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement,” which is effective for all entities for fiscal years, and interim periods within them, beginning after Dec. 15, 2019.
Subject matter expertise
CPA, Partner - Financial Sponsors Industry Leader
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