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Podcast overview
In this podcast, specialists from our Department of Professional Practice discuss the implications for the financial statements before, during and after bankruptcy – and the potential for discontinued operations.
Applicability
- All companies
Relevant dates
- Effective immediately
Podcast contents
- 01:20 – What CFOs and controllers should be thinking about if considering bankruptcy
- 03:30 – Pre-bankruptcy, including debt arrangements
- 06:00 – When a sold business should be reclassified as a discontinued operation
- 08:00 – During bankruptcy and financial reporting considerations under Chapter 11 protection
- 13:35 – Post-bankruptcy, including fresh start accounting
Explore more
Resource
Handbook: Discontinued operations & HFS disposal groups
Latest edition: Our in-depth guide to ASC 205-20 and held-for-sale disposal groups under ASC 360-10.
Financial reporting impacts of COVID-19
Guidance, updates and news covering financial reporting impacts of COVID-19
Meet our team
Brian Fields
Audit Transformation Leader, KPMG US
Dan Langlois
Partner, Dept. of Professional Practice, KPMG US
Brian Fields
Audit Transformation Leader, KPMG US
Dan Langlois
Partner, Dept. of Professional Practice, KPMG US
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