Bankruptcy and Insolvency Accounting, Practice and Procedure, Vol. 1 » (7th Edition)

Accountants and financial managers are often the first professionals to realize that a financial problem exists within a corporation but must be familiar with the various alternatives available to clients before they can offer solutions. Completely updated, Bankruptcy and Insolvency Accounting, Seventh Edition, Volume 1 provides detailed information on SOP 90-7 and FASB statements 141, 142, and 144 and revisions made in CSSR 93-1 by CSSR 03-1. The process of corporate restructuring is thoroughly described for controllers, CEOs, CFOs and CPAs with small businesses as clients.

BANKRUPTCY AND INSOLVENCY ENVIRONMENT.

The Accountant's Role in Perspective.

Economic Causes of Business Failures.

LEGAL ASPECTS OF BANKRUPTCY AND INSOLVENCY PROCEEDINGS.

Out-of-Court Settlements.

Rehabilitation Proceedings Under the Bankruptcy Code.

ACCOUNTING SERVICES.

Retention of the Accountant and Fees.

Valuation of a Business in Bankruptcy Proceedings.

AUDITING PROCEDURES AND REPORTS.

Reporting Results of the Plan.

Reporting on an Insolvent Company.

TAXES.

Tax Awareness.

Appendices.

Glossary.

Statutes Citations.

Indexes.