By the end of this course, learners will be able to explain partnership fundamentals, differentiate key accounting elements, analyze profit-sharing structures, calculate capital-related adjustments, evaluate goodwill using multiple valuation methods, and construct accurate financial statements during partnership reconstitution.
Master Partnership Accounting: Analyze, Apply & Evaluate
Master Partnership Accounting: Analyze, Apply & Evaluate
This course is part of Advanced Financial Accounting & Specialized Transactions Specialization
Instructor: EDUCBA
Access provided by ExxonMobil
Gain insight into a topic and learn the fundamentals.
Beginner level
Recommended experience
9 hours to complete
Flexible schedule
Learn at your own pace
What you'll learn
Explain partnership fundamentals and analyze profit-sharing and capital adjustment mechanisms.
Calculate goodwill and revaluation adjustments during admission, retirement, and reconstitution.
Prepare accurate partnership financial statements reflecting ownership and structural changes.
Skills you'll gain
Details to know
Shareable certificate
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Assessments
15 assignments
Taught in English
Recently updated!
January 2026
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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 fundamental concepts of partnership formation, essential features of partnership business, and the foundational accounting principles governing partnership operations. It provides a clear understanding of partnership agreements, ownership structures, and how profit-sharing mechanisms function within a professional accounting context.
What's included
9 videos4 assignments
This module focuses on capital management within partnerships, including capital accounts, interest calculations, and goodwill valuation. Learners gain practical insight into how capital adjustments reflect ownership changes and how goodwill is measured, treated, and applied during partner admission or reconstitution.
What's included
8 videos4 assignments
This module guides learners through revaluation of assets and liabilities, distribution of reserves, and preparation of revised financial statements during partnership reconstitution. It deepens understanding of how accounting adjustments ensure fairness when ownership structures change.
What's included
8 videos4 assignments
This final module brings together all partnership accounting concepts by focusing on capital adjustments, calculation of new profit-sharing ratios, and summarizing key principles. Learners complete the course with a comprehensive understanding of fair and transparent partnership accounting practices.
What's included
4 videos3 assignments
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