Develop Your Skills
Read the following articles as well as any other published pieces that describe the work of the accountant in bankruptcy cases: -
“Restructuring for a Positive Return,” CMA Management, December 2005/January 2006.
“Alternatives to Bankruptcy Liquidation,” Agency Safes. February 2005.
“Management Accounting—How a Workout Specialist Operates.” Journal of Accountancy, January 1992.
“Fresh-start Reporting: An Opportunity for Debtor Companies Emerging from Bankruptcy,” American Bankruptcy Journal, July/August 2009.
“Statements of Financial Affairs and Schedules as a Corporate X-Ray.” American Bankruptcy Institute Journal, March 2010.
“Fresh-Start Accounting Becomes Part of the Daily Financial Intake.” American Bankruptcy Institute Journal, February 2010.
“Assisting Troubled Business Clients: A Midsize Dilemma for CPAs." Journal of Accountancy. March 2008.
“Stanford Business School Research: Financial Statements Are Still Valuable Tools for Predicting Bankruptcy.” Business Wire, May 12, 2005.
Required
Write a report describing the services that an accountant can perform during a corporate bankruptcy. Include activities to be carried out prior to filing a petition and thereafter.
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