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Detail
ArtikelThe Business of Bankruptcy  
Oleh: Hayes, Michael ; Zunith, Victoria M.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 193 no. 2 (Feb. 2002), page 35-39.
Topik: BANKRUPTCY; business; bankruptcy
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ85.13
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelThere’s stimulating work for CPA s who assist with bankruptcies - and there’s going to be more of it. A number of firms are likely to soon find they need to help an existing client figure out a graceful, or at least methodical, retreat from a struggling business. Even if recovery from the economic setbacks of 2001 gets under way in the first quarter of 2002, it can take several quarters or years to turn around the performance of faltering companies. Because a financial dissolution can take a very long time to play out, the need for bankruptcy services is expected to continue for a while. CPA s sometimes are thrust into the field when a client goes broke, but a firm that has time to plan can develop the niche strategically. Whether or not your clients still are hanging tough, this is a prudent moment to strengthen the bankruptcy - related skills your firm offers and to improve your access to the market for them (see "Preparation Resources,” at the end of this article). Here’s what firms of all sizes should consider when preparing to assist clients with Chapter 11 restructuring or Chapter 7 liquidation situations.
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