Read several of 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 Sales, February 2005. “The Use of Crystal Balls in Financial Reporting: The Case Against Three Recent FASB Developments,” Internal Auditing, March/April 2015. “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. “Predicting the Financial Failure of Retail Companies in the United States,” Journal of Business & Economics Research, August 2013. “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, 2006.
Required Write a report describing the services that an accountant can perform before and during a corporate bankruptcy. Include activities to be carried out prior to filing a petition and thereafter.
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