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Fresh Start Accounting FASB ASC 852

Fresh Start Accounting FASB ASC 852

Is it time for a fresh start? 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.

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