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
Gain next-level skills with Coursera Plus for $199 (regularly $399). Save now.
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
See how employees at top companies are mastering in-demand skills
Build your subject-matter expertise
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.
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
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
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
Explore more from Business Essentials
Status: Free Trial
Status: Free Trial
Why people choose Coursera for their career
Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."
Open new doors with Coursera Plus
Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription
Advance your career with an online degree
Earn a degree from world-class universities - 100% online
Join over 3,400 global companies that choose Coursera for Business
Upskill your employees to excel in the digital economy
Frequently asked questions
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
More questions
Financial aid available,