Celebrating 27 years serving our friends and customers!
New--H.R. 1 Act - The One Big Beautiful Bill Mini Course
Accounting After Bankruptcy - Understanding ASC 852 and Fresh-Start ReportingCode: 27-ACCBANKRUPTCY
Price: $14.95
Add to Cart
Add to Cart
Course Details
Pages: 23
Course Overview
This course covers the accounting and financial reporting requirements that apply
when a company files for Chapter 11 bankruptcy and applies ASC 852. It explains
when this guidance is used and how it changes the accounting for liabilities,
expenses, and professional fees during the bankruptcy process. You'll learn how to
identify and report liabilities subject to compromise, how to present
reorganization-related items in the financial statements, and what disclosures are
expected. The course also briefly discusses quasi-reorganizations.
Learning Objectives
Upon completion of this course, you will be able to:
• Identify when an entity is required to apply ASC 852 accounting guidance for reorganization
• Recognize how to present liabilities subject to compromise and reorganization items
• Differentiate between normal operating expenses and reorganization-related costs
• Determine the appropriate financial statement presentation during and after Chapter 11 proceedings
• Recognize required disclosures for entities undergoing reorganization under ASC 852
Category: Accounting
Recommended CPE Hours: 1
Level of knowledge: Update
Prerequisite: Basic understanding of Accounting
Advanced Preparation: None
$14.95
No reviews yet.
For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.
American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
