Accounting After Bankruptcy – Understanding ASC 852 and Fresh-Start Reporting
SKU: 02-283-01-CPE
Credit Hours: 1
Category: Accounting
Prerequisites: None
Learning Level: Intermediate
Delivery Method: Online PDF
Instructor: Kelen F. Camehl, CPA, MBA
Course Description:
This course covers the accounting and financial reporting requirements that apply when a company files for Chapter 11 bankruptcy and applies ASC 852.
Upon completion of this course, you should 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