Essentials of Corporate Bankruptcy FLEXCAST
Available Until
Your Desk
2.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Bankruptcy can be a useful tool for restructuring the finances of a business, or to liquidate operations in an orderly manner. This course discusses the choices available to the manager who is looking for a way out of a difficult financial dilemma, and who needs to understand the choices available, their ramifications, and the process flow for the bankruptcy process. The course also addresses core bankruptcy concepts, such as the automatic stay, first day motions, voidable preferences, substantive consolidation, asset sales, the cramdown option, and much more.
Highlights
Creditor concepts. Lien concepts. The benefits of bankruptcy. Types of bankruptcy. Bankruptcy players. Public relations. Bankruptcy rules. Costs of bankruptcy.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and financial advisers.
Objectives
Recognize the legal underpinnings of creditor actions to seize debtor assets. Specify how a lien is used and what happens when an asset is sold that has a lien attached to it. Specify the best point in time at which to file for bankruptcy protection. Identify the debt adjustments usually made as the result of a workout arrangement. State the circumstances under which an involuntary bankruptcy petition can be filed. Describe the group represented by a creditors’ committee. Specify the contents of a bankruptcy plan. Specify the various ways in which a court can oversee the activities of a debtor under bankruptcy protection. Recognize the priorities for the payment of administrative expenses. Specify the different financial statements that must be issued by an entity using the liquidation basis of accounting.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $113.00
Member Price $98.00