Learners will explain key partnership changes, analyze goodwill and revaluation adjustments, apply settlement procedures, and evaluate dissolution processes to confidently finalize partnership accounts. This course provides a complete, step-by-step framework for understanding how partnerships evolve, restructure, and ultimately dissolve through accurate accounting treatment.
Master Partnership Liquidation: Analyze, Apply & Finalize
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Master Partnership Liquidation: Analyze, Apply & Finalize
This course is part of Advanced Financial Accounting & Specialized Transactions Specialization
Instructor: EDUCBA
Included with
Gain insight into a topic and learn the fundamentals.
Beginner level
Recommended experience
8 hours to complete
Flexible schedule
Learn at your own pace
What you'll learn
Analyze partnership changes, including retirement, death, and dissolution, using correct accounting treatment.
Apply goodwill, revaluation, and settlement procedures to finalize partnership accounts accurately.
Evaluate dissolution and liquidation processes in line with legal and accounting requirements.
Skills you'll gain
Details to know
Shareable certificate
Add to your LinkedIn profile
Recently updated!
January 2026
Assessments
14 assignments
Taught in English
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This course is part of the Advanced Financial Accounting & Specialized Transactions Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 4 modules in this course
This module introduces learners to the core concepts of partnership liquidation, partner retirement, goodwill valuation, and revaluation adjustments. Through foundational lessons, learners gain clarity on how partnership structures change, how gains are allocated, and how initial settlement procedures are carried out in accounting for partnership liquidation.
What's included
9 videos4 assignments
This module explores deeper accounting adjustments such as installment-based settlements, capital restructuring, revaluation mechanics, and key considerations in retirement and death of a partner. Learners develop strong analytical skills necessary for precise capital account preparation and settlement management.
What's included
9 videos4 assignments
This module focuses on the dissolution process, including legal and accounting frameworks, realization of assets, settlement hierarchy, partner liabilities, and distribution of final balances. Learners gain practical expertise in managing complete dissolution of a partnership firm.
What's included
6 videos3 assignments
This concluding module integrates all concepts by guiding learners through final capital balance adjustments, complete settlement of accounts, and closure of partnership books. It ensures learners can confidently manage end-to-end liquidation accounting.
What's included
7 videos3 assignments
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