AC 426 University of Phoenix Unit 8 Fiduciary Accounts and Partnership Dissolution Discussion

Question Description

I’m working on a accounting discussion question and need an explanation and answer to help me learn.

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Please respond to the following questions based upon these course objectives:

  • Account for fiduciary, estate, bankruptcy, and trust events.
  • Analyze partnership liquidation and partnership capital accounts.
  • Demonstrate procedures for branch accounting and combined financial statements.
  • Apply proper procedures for joint ventures.
  • Differentiate between the financial reporting needs of government and for-profit businesses.
  • Integrate the basic components of a comprehensive annual financial report (CAFR).
  • Analyze the jurisdiction of GASB and the FASB with regard to government and not-for-profit organizations.
  • Interpret FASB, AICPA, and SEC pronouncements as they relate to the topics above.

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