Accounting Policies — LPA/LLC

Description

This AI field captures information regarding the general accounting policies of a limited partnership or limited liability company, including the basis on which the books are to be kept, the definition of “GAAP”, and explicit discretion given to the general partner or manager to implement policies with respect to partnership or company accounting practices. This AI field does not capture more specific references to accounting matters such as the requirement that particular partnership items be computed in accordance with applicable GAAP.