Bankruptcy, Insolvency, and Reorganization
Intricacies of bankruptcy, insolvency and reorganization and the related forensic services considerations are examined for practitioners looking to expand their service offerings to include this subspecialty.
Format
Online
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
3
Author(s)
AICPA and CIMA staff
Availability
1 year
Product Number
CFF8A24SSO
Specificities of bankruptcy
Bankruptcy can be a complex and difficult process for debtors and creditors alike. As a forensic practitioner, you can help your clients by understanding the complexities of these cases and the various roles you might perform depending on who your client is and the case details. You’ll cover these topics and more, including:
- Types of bankruptcies
- Key players in bankruptcy cases
- Specific roles for forensic accountants
Knowing your role in bankruptcy cases
As you uncover the intricacies of bankruptcies, you’ll also explore how you can help your clients navigate bankruptcy cases, including how your role might change depending on whether you represent a debtor, trustee, creditor, or credit committee. Additionally, you’ll examine your role in various stages of the bankruptcy process, including helping clients with:
- Relevant forms, dates, and deadlines
- The reorganization process
- Financial projections, valuations, and insolvency tests
Who Will Benefit
- Primary Audience: Members of the AICPA who are interested in earning the Certified in Financial Forensics CFF® credential.
- Secondary Audience: Professionals in the broader accounting, managerial, legal, and international business industries with interest in forensic and fraud risk management services.
Key Topics
- Types of bankruptcies
- 363 sales
- Liquidation
- Cramdowns
- First-day motions
- Reorganization plans
- Joint administration orders
- Bankruptcy claims, the absolute priority rule, and claims hierarchy
Learning Outcomes
- Differentiate the types of bankruptcies.
- Identify the forensic accountant’s roles in a bankruptcy engagement and how these roles can differ depending on the client.
- Identify the specific laws and deadlines set by the bankruptcy court and the IRS and the appropriate financial forms needed for a bankruptcy engagement.
- Identify key concepts related to bankruptcy claims and financial projections in bankruptcy cases.
- Identify key insolvency indicators and valuation issues encountered in bankruptcy cases.
Group ordering for your team
2 to 5 registrants
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Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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