ESSAY ON: Fresh Start Accounting at Delta

Number of Pages 10

This research paper: This 10 page paper examines a case study supplied by the student. Delta Airlines have emerged from bankruptcy and chosen to use a fresh start accounting approach as allowed under American Institute of Certified Public Accountant Statement of Position 90-7, “Financial Reporting by Entities in Reorganization under the Bankruptcy Code” (SOP 90-7. The paper considers the way this is impacting on asset valuation and how it impacts on the firm. The practice of deprecation discussed and the paper ends by considering whether or not fresh start should be available to other firms where the balance sheet does not reflect the real value of the assets. The bibliography cites 4 sources.


File: TS14_TEdeltafresh.rtf


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