28 Jul Fresh Start Accounting – FASB ASC 852
Companies implement fresh start accounting when they emerge from bankruptcy. Through this fresh start process issues may arise with valuations, accounting, tax and other areas. You need a team that will impact this transition the right way. This includes a reorganization value, updated cash flow projections, and a reorganization plan. The outcome, if implemented correctly, is a refreshed organization with a new structure and a restated balance sheet.
The reorganization process can be an enormous burden on operations, accounting, finance, and IT systems. Our CFO Suite consultants understand the technical accounting required to quickly, accurately, and efficiently manage fresh start accounting and help organizations manage the related process changes.
To learn more about the Fresh Start Accounting and how we can assist, download our Whitepaper.
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