Johnson Manufacturing case study–bankruptcy
| Autor: | Natalie Tatiana Churyk, Shaokun (Carol) Yu, Guy M. Gross, Robert Stoettner |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
medicine.medical_specialty
Actuarial science Mark-to-market accounting business.industry Accounting International Financial Reporting Standards Positive accounting Education Bankruptcy Accounting information system Economics medicine Generally Accepted Accounting Principles (United States) Balance sheet Financial accounting business |
| Zdroj: | Journal of Accounting Education. 33:309-316 |
| ISSN: | 0748-5751 |
| DOI: | 10.1016/j.jaccedu.2015.10.001 |
| Popis: | The Johnson Manufacturing (Johnson) case demonstrates the steps a firm must take when exiting Chapter 11 bankruptcy, including the determination of the applicability of ‘fresh-start’ accounting. To complete the case, adjustments are required to the asset, liability, and equity accounts in accordance with the post-reorganization balance sheet date. The case also requires students to demonstrate an awareness and understanding of the authoritative guidance related to bankruptcy accounting under US GAAP and to recognize fresh-start accounting adjustments required under International Financial Reporting Standards (IFRS). |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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