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ANNUAL ACCOUNTING FOR THE PERIOD COMMENCING: ,. The purpose of this accounting is to report the assets on hand at the beginning of the accounting period, all transactions that have occurred during the period.ANNUAL ACCOUNTING (Long Form): When there is money taken out or disbursement. Must specify all items of disbursement. 744.3679 Simplified accounting procedures in certain cases.—. Osceola County yearly monitors approximately 500-600 guardianships. Retrieve those assets and bring them into the guardianship estate. Include a beneficiary who has received complete distribution. If additional lines are needed, attach SCHEDULE A – EZ: ADDITIONAL INCOME and enter the total in the corresponding line of the SUMMARY table. Basically, it is used to show the court the details of how the assets of a ward's estate have been managed.