Bankruptcy Today: What Every CPA Must Know!

This course provides the training accountants and financial advisors need in order to render services to clients and customers experiencing financial difficulty. In addition, it covers the essential provisions of the Bankruptcy Code as well as how to account for and report the results of restructuring on emergence from Chapter 11.

Objectives:

• Recognize when assignment for benefit of creditors may be preferable to Chapter 11 for small businesses closing operations
• Help clients determine when to file Chapter 11
• Aid clients in preplanning for bankruptcy filing
• Account for client's operations during Chapter 11
• Assist clients applying fresh start accounting
• Prepare schedules and reports filed with the bankruptcy court
• Advise clients how to work with customers in financial trouble
• Submit retention documents necessary to work in the bankruptcy field

Prerequisite:  None