Introduction to royalty accounting covering basic concepts, minimum rent, shortworking calculations, and recoupment procedures. Explains landlord-tenant relationships in mining, patent, and copyright royalties with detailed accounting treatments, journal entries, and ledger maintenance.
Overview of Limited Liability Partnership structure, formation procedures, legal requirements, partner rights and responsibilities, registration process, and operational guidelines. Covers LLP advantages over traditional partnerships, compliance requirements, and regulatory framework for modern business structures.
Advanced royalty accounting covering sub-leasing arrangements, minimum rent variations, complex shortworking scenarios, strike/lockout provisions, and specialized royalty calculations. Includes comprehensive problem-solving with multiple-year examples, balance sheet presentations, and intricate recoupment calculations.
Comprehensive guide to partnership firm amalgamation including legal procedures, asset valuation methods, liability transfers, goodwill calculations, and accounting treatments. Covers different amalgamation types, partner adjustments, capital restructuring, and regulatory compliance for successful firm mergers.
Intermediate royalty accounting covering royalty calculations with sub-leasing, minimum rent adjustments, partial recoupment scenarios, and balance sheet presentations. Includes practical examples with varying production levels, seasonal adjustments, and detailed workings for shortworking calculations.