Read several of the following articles as well as any other published pieces that describe the work of the accountant in bankruptcy cases:
Restructuring for a Positive Return,” CMA Management, December 2005/January 2006.

“Alternatives to Bankruptcy Liquidation,” Agency Sales, February 2005.

“The Use of Crystal Balls in Financial Reporting: The Case Against Three Recent FASB Developments,” Internal Auditing, March/April 2015.

“Fresh-Start Reporting: An Opportunity for Debtor Companies Emerging from Bankruptcy,” American Bankruptcy Journal, July/August 2009.

“Statements of Financial Affairs and Schedules as a Corporate X-Ray,” American Bankruptcy Institute Journal, March 2010.

"Predicting the Financial Failure of Retail Companies in the United States,” Journal of Business & Economics Research, August 2013.

“Fresh-Start Accounting Becomes Part of the Daily Financial Intake,” American Bankruptcy Institute Journal, February 2010.

“Assisting Troubled Business Clients: A Midsize Dilemma for CPAs,” Journal of Accountancy, March 2008.

“Stanford Business School Research: Financial Statements Are Still Valuable Tools for Predicting Bankruptcy,” Business Wire, May 12, 2006.

Required

Write a report describing the services an accountant can perform before and during a corporate bankruptcy. Include activities to be carried out prior to filing a petition and thereafter.