小編送來飯后甜點(diǎn)一道——ACCA P3知識(shí)點(diǎn)：Corporate Reconstruction。
1. Background
Under the Framework, financial statements are normally prepared on the going concern basis. However, when an entity appears no longer viable in its present state, that basis will not present reliable and relevant information.
Not every company is successful; many make losses or find themselves in a net liability position. Many such companies will ultimately end up being liquidated if there is no way to return them to profitability.
Indications that a company is struggling may include the following:
Operating losses
Negative cash flows
Poor or even adverse financial ratios such as ROCE
Loss of major market or customer
High staff turnover
Pending legal claim against the company
Disasters such as fire or flood.
Not all struggling companies will be forced into liquidation; if a profitable future appears possible, some form of reconstruction will be used to get the company back on a level footing.*
The various stakeholders must therefore compare what their position will be if the company is liquidated against their position if a reconstruction scheme goes ahead.
2. Forms of Reconstruction
For all forms of reconstruction, it is important that all stakeholders are consulted and treated in a fair and equitable manner. However, the ordinary shareholders bear the major risk and so will suffer the greater proportion of any losses, compared with secured creditors (for example).
In all reconstructions, the protection of the creditors is crucial. Although this stakeholder group will be required to share in any losses this will be proportionately less than that of the
equity shareholders.
Internal Reconstruction
External Reconstruction
3. Exam Approach
There are two types of scheme that may be examined:
Internal reorganisation—a restructuring of the statement of financial position; and
External reorganisation:
─ winding up of a company;
─ setting up of a new company to take over trade/assets.
You may be required to:
Prepare the financial statements after the reorganization has taken place:
─ this may involve a bookkeeping exercise;
─ i.e. process the scheme of reorganisation.
Appraise the scheme, either in general or for a specified stakeholder:
─ For this there will be no single correct answer;
─ It is more important to apply principles.
| 知识课程 FUNDAMENTALS——KNOWLEDGE | |||
 F1 会计师与企业(AB) | Payton Yang | 1800元 |  |
| F2 管理会计(MA) | Frank Gao | 1800元 | |
| F3 财务会计(FA) | Frances Wang | 1800元 | |
| 核心课程 PROFESSIONAL——ESSENTIALS | |||
| p1 公司治理，风险管理及 职业操守(GRE) | Regina Shen | 2200元 | |
| p2 公司报告(CR) | Peter Shang | 2200元 | |
| p3 商务分析(BA) | Simon Xing | 2200元 | |
| 技能课程 FUNDAMENTALS——SKILLS | |||
| F4 公司法与商法(CL) | Frank Gao | 1800元 | |
| F5 业绩管理(PM) | Kristy Zhu | 1800元 | |
| F6 税务(TX) | Kristy Zhu | 1800元 | |
| F7 财务报告(FR) | Frances Wang | 1800元 | |
| F8 审计与认证业务(AA) | Yolanda Wang | 1800元 | |
| F9 财务管理(FM) | Peter Shang | 1800元 | |
| 选修课程 PROFESSIONAL——OPTIONS | |||
| p4 高级财务管理(AFM) | Payton Yang | 2200元 | |
| p5 高级业绩管理(APM) | Joseph chow | 2200元 | |
| p6 高级税务 | 暂未招生 | —— | —— |
| p7 高级审计与认证业务(AAA) | 暂未招生 | —— | —— |
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，我們將會(huì)及時(shí)處理。