What should be included in the statement of fiduciary net assets?

The statement of fiduciary net assets is focused on presenting the financial position of fiduciary activities, primarily emphasizing the assets and liabilities without a summarizing total column. This approach allows users to clearly view the individual components of the fiduciary funds, such as the specific types of assets and liabilities, which are essential for understanding the financial health and obligations of the fiduciary activities. The omission of a total column aligns with the reporting requirements meant to enhance the transparency of fiduciary fund reporting, ensuring users can evaluate the financial status without the potentially misleading shorthand of a summary figure. This detail supports a more granular analysis of the net assets of fiduciary funds, which is crucial for users who rely on this information for decision-making and management oversight.