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The 2022 edition of the ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø annual illustrative financial statements for hedge funds and private equity funds is now available. The illustrative financial statements are designed to assist you in your year-end planning process, offering a wide-ranging guidebook of sample U.S. GAAP financial statements for private funds and includes examples for domestic, offshore, master/feeder, and fund of funds structures.

Enhancements to the 2022 edition include:

• Inclusion of digital assets as an asset class with the statements, as well as related disclosures
• Update to Recently issued accounting standards footnote for disclosures pertaining to ASU 2022-03
• Example disclosures for significant risks and uncertainties that may be considered based on facts and circumstances of the Fund

Both guides include examples of:

• Statement of assets and liabilities
• Condensed schedule of investments
• Statement of operations
• Statement of changes in partnersâ€� capital/net assets
• Statement of cash flows
• Notes to the financial statements.