Accounting & Reporting during Challenging Times: Asset Impairments, Bankruptcy, Going Concern Issues Webinar
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Overview
All companies go through troubled times of varying degrees, regardless of size or industry. This specialized webinar shows you the best ways to handle accounting and reporting during these troubled times, including going concern assessments, impairments, restructurings and bankruptcy. You’ll learn how to:
- Account for disposal activities, exit costs and restructuring charges
- Calculate asset impairments, including goodwill
- Handle accounting and disclosures before, during and after Chapter 11 bankruptcy
- Assess the company for going concern considerations under ASC 205-40 (ASU 2014-15)
- Apply the liquidation basis of accounting and when to apply it
Objective
This unique webinar provides you with expert guidance and real-world examples of how to effectively deal with accounting for impairments, troubled debt restructuring and going concern assessments. It also explores all facets of accounting for companies entering into and emerging from bankruptcy.
Emphasis
- Accounting for impairment of long-lived assets
- Accounting for impairment of goodwill and intangible assets
- Disposal activities and restructuring charges
- Deferred tax asset valuation allowances
- Troubled debt restructurings
- Going concern (new standard)
- Debt issuance costs (new standard)
- Types of bankruptcy: what is prepackaged bankruptcy?
- Chapter 11: the bankruptcy process
- Bankruptcy timeline and fresh start accounting
- Liquidation basis of accounting
- Debtor-in-possession financial statements
- Post-petition/pre-petition liabilities
- Lease modifications
- Accounting before, during and after bankruptcy
- Voluntary vs. involuntary bankruptcy
This course is included in the following passes:
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View PassesPrerequisite
None
Level of Knowledge
Intermediate
CPE Credits
8
Hours
NASBA Field of Study
Accounting