Planning and effecting an organization’s emergence from bankruptcy can be one of the most taxing and complex projects from an accounting and logistical standpoint. Management must navigate complex legal restructuring and accounting requirements during the equivalent of an additional year-end close process while establishing the successor opening balance sheet and new relevant accounting policies.

VAC Consulting’s Accounting & Reporting Advisory Services group helps organizations keep track and reduce the overall burden of the technical accounting planning, adjustments, and disclosure requirements so that management can focus on running the reorganized business.

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