LTM and Limited liability partnership: Difference between pages

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Last Twelve Months.
(LLP).  


A limited liability partnership shares many of the features of an unlimited partnership - but it also offers reduced personal responsibility to the partners for the business debts of the partnership. 


A time period used in evaluating performance over time.
Unlike an unlimited partnership, the LLP itself is responsible for any debts that it runs up, not the individual partners.


For example, LTM unit sales, sales revenue, profit measure or profitability ratio.
LLPs were first allowed in law in the UK under the Limited Liability Partnerships Act 2000.




Many smaller bodies report annual figures, only once per year.
== See also ==
 
* [[Limited liability]]
Often for larger organisations, each time relevant figures are available for investors, it will be when the firm reports - often quarterly or half-yearly.
* [[Partnership]]
 
Within an organisation, commonly monthly accounts are produced, but some matters - unit sales, injury-causing accidents, for example - will be reported on more frequently.
 
As well as use in performance evaluation, LTM figures can also be useful in detecting irregularities such as fraud, false accounting, etc.
 
 
LTM figures are sometimes referred to as "moving annual" or "rolling annual" figures and may, for example, be expressed as "moving annual total" (abbreviated to MAT).
 
 
Also known as ''Trailing'' Twelve Months (TTM).
 
 
==See also==
*[[Association of Corporate Treasurers]]
*[[Cost per unit]]
*[[False accounting]]
*[[Moving average]]
*[[NTM]]
 
[[Category:The_business_context]]
[[Category:Corporate_finance]]

Revision as of 11:21, 22 August 2013

(LLP).

A limited liability partnership shares many of the features of an unlimited partnership - but it also offers reduced personal responsibility to the partners for the business debts of the partnership.

Unlike an unlimited partnership, the LLP itself is responsible for any debts that it runs up, not the individual partners.

LLPs were first allowed in law in the UK under the Limited Liability Partnerships Act 2000.


See also

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