Changes in the rules and tactics surrounding bankruptcy protection under Chapter 11 of Title 11 of the United States Bankruptcy Code (Chapter 11) have made accounting for the emergence a much more complicated and time consuming process. As more companies file with pre-negotiated plans of reorganization (PORs) and more creditors use credit bidding as an alternative method to gain control of a company, both the time frame and the process by which reorganizations take place have been altered. Many companies and their accountants have trouble identifying and implementing the necessary accounting adjustments in accordance with US GAAP. This live audio conference will help you understand the key issues currently being faced in emergence accounting, and assist you in framing support for the accounting impacts of a company upon emergence.
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