General Club Accounting Concepts

General Club Accounting Concepts covers such areas as realized and unrealized gain, units, money market funds, reinvested dividends, valuations, commissions, distribution methods, etc.

1. What does it mean to allocate expenses equally across all members?
2. What is a spinoff?
3. What is the difference between realized gain and unrealized gain?
4. What is the difference between a reinvested dividend and a stock dividend?
5. What are security valuations and why should I enter them?
6. What is a distribution and when do I distribute the club's earnings?
7. What is the difference between time-based and non-time-based distribution?
8. How does Club Accounting calculate value and unit basis in a Withdrawal?
9. How are member units calculated?
10. Wash Sales - how to record a stock sold at a loss and bought back again within 30 days
11. How to apply gains from a stocks sold to fund a withdrawal to the departing member
12. Use appreciated stock to fund member withdrawals