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Tuesday, August 4, 2020 | History

2 edition of Quasi-reorganization. found in the catalog.

Quasi-reorganization.

James S. Schindler

Quasi-reorganization.

by James S. Schindler

  • 117 Want to read
  • 20 Currently reading

Published by Bureau of Business Research, School of Business Administration, University of Michigan in Ann Arbor .
Written in English

    Subjects:
  • Corporations -- Accounting.,
  • Financial statements.

  • Edition Notes

    SeriesMichigan. University. Bureau of Business Research -- v. 13, no. 5 Michigan business studies ;, Michigan business studies -- v. 13, no. 5.
    The Physical Object
    Pagination176 p.
    Number of Pages176
    ID Numbers
    Open LibraryOL17768613M

    Gateway to the Profession Expanded Discussion of Quasi Reorganization from ACG at University of Central Florida. ASC provides financial reporting standards for entities undergoing and emerging from reorganization under the bankruptcy laws. Another interesting aspect of ASC is the accounting for the emergence from reorganization. ASC ‐20‐10‐2 requires that retained earnings be titled for ten years after a quasi‐reorganization takes place.

    Note 1. Quasi-Reorganization. In connection with the application of Quasi-Reorganization accounting, Entertainment Gaming Asia Inc. and its subsidiaries (the “Company”) applied Accounting Standard Codification (ASC) , Business Combinations to restate assets and liabilities at fair value. The Company with the assistance of an independent third-party valuation firm performed the fair. Readjustments of this kind fall in the category of what are called quasi-reorganizations. This Subtopic does not deal with the general question of quasi-reorganizations, but only with cases in which the exception permitted in paragraph is availed of by a corporation.

    The quasi-reorganization involves the decrease in the authorized capital of Vitarich from billion shares with a par value of P1 each to P billion divided into billion shares of the par value of P apiece. quasi-+‎ reorganization. Noun. quasi-reorganization (plural quasi-reorganizations) A corporate accounting procedure in which recapitalization is achieved by the elimination of the existing deficit and the establishment of a new earned surplus account for future earnings only.


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Quasi-reorganization by James S. Schindler Download PDF EPUB FB2

Quasi-reorganization (Michigan business studies) [Schindler, James S] on *FREE* shipping on qualifying offers. Quasi-reorganization (Michigan business studies)Author: James S Schindler.

One of these departures is the implementation of a quasi-reorganization. The general circumstances that surround a quasi-reorganization encompass one or both of the following conditions: The total book value of the firm’s assets exceeds their fair value.

There is a debit balance in Quasi-reorganization. book Earnings but total assets exceed total liabilities. Quasi-Reorganization: A relatively obscure provision under U.S. GAAP which provides that under certain circumstances, a firm may eliminate a Author: Will Kenton.

"Developed from [the author's] doctoral dissertation bearing the title: The development of a general quasi-reorganization concept." Description: ix, pages 24 cm.

Series Title: University of Michigan.; Bureau of Business Research.; Michigan business studies. A quasi-reorganization is an Quasi-reorganization. book process under which a business can eliminate a retained earnings deficit.

This is done by netting paid-in capital in excess of par against the retained earnings deficit. If the par value is high enough to be harboring additional equity, the capital structure is altered to replace existing shares with lower par value shares, thereby releasing more equity.

Start studying Book Value Per Share, Quasi-Reorganization. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Quasi Reorganizations, Footnote 3 — Section indicates the following conditions under which a quasi-reorganization can be effected without the creation of a new corporate entity and without the intervention of formal court proceedings: Earned surplus, as of the date selected, is exhausted.

quasi-reorganization shall be permitted only if the criteria in both subparagraphs 4 a and 4 b and either subparagraph 4 c or 4 d are met: a. Such restatement is approved in writing by the domiciliary Commissioner; b. An 80% or greater change in the ultimate ownership of.

Basics of quasi-reorganizations in accounting. Novem A number of different circumstances could turn a positive retained earnings balance into a retained earnings deficit. When a deficit becomes too large, the company can utilize an accounting trick known as quasi-reorganization to get back on the right track.

Problems associated. Certain Quasi Reorganizations. Quasi reorganization a voluntary accounting procedure by which an entity with an accumulated retained earnings deficit adjusts its accounts to obtain a fresh start.

Quasi reorganization may somewhat resemble a legally executed reorganization, but the procedure is accomplished without formal court proceedings and does not contemplate the creation of a new. IX.L.1 Prosedures For Conducting Quasi Reorganization. Portal OJK. Otoritas Jasa Keuangan Currently selected.

About OJK. Vision and Mission; Commissioner Board. Financial Analysis and Accounting Book of Reference. International Financial Reporting Tool (IFRT) Prepare our perfect financial statements according to IFRS requirements. — Quasi-Reorganization — Real Estate Investment Trust (REIT) — Real Estate Mortgage Investment Conduit.

quasi reorganization accounting. If there are no restrictive criteria, an entity could conduct the quasi reorgani-zation and may pay dividends to share-holders at its discretion.

If this happens, the creditors stand at risk position. By definition, quasi reorganization is a procedure that eliminates a retained deficit without liquidating the. Book Value per share of common stock is the portion of owners' equity that would remain for common shareholders after the preferred claim was paid, divided by the number of common shares outstanding.

The preferred dividend claim must include any liquidation preference, in this case $50, in premium, plus the par value, plus the dividends in.

Quasi-reorganization. [James S Schindler] Home. WorldCat Home About WorldCat Help. Search. Search for Library Items Search for Lists Search for Contacts Search for a Library. Create # Law books recommended for libraries.\/span> \u00A0\u00A0\u00A0 schema.

Inventory with a book value of $80, was written off and equipment with a net book value of $, and an original cost of $1, was written down to a net book value of $, in part through the elimination of accumulated depreciation.

Less formal procedures may still be accounted for under quasi‐reorganization accounting procedures. ASC ‐10, Overall, which provides guidance for entities that have filed petitions in the Bankruptcy Court and expect to reorganize under Chapter 11 of the Bankruptcy Code.

The accounting for the quasi reorganization reflects substantially what might be accomplished in a reorganization by legal proceedings." This includes restating assets to current value and making appropriate modifications to the capital accounts, such as eliminating a deficit in retained earnings to minimize the need for similar reorganizations.

The first alternative available to a company experiencing continued book losses resulting in a retained earnings deficit is to reorganize on its own - a quasi reorganization. The accounting rules for quasi reorganizations are covered in chapter 7A of Accounting Research Bulletin no.

SEC Requirements for a Quasi-reorganization A company or an entity in financial distress or difficulty may be permitted by the Securities and Exchange Commission (SEC) to undergo a quasi-reorganization and in the process may be allowed to revalue its property, plant and equipment if their current value is substantially more than their cost.

Choosing Quasi-Reorganization. In order to eliminate or remove deficit of retained earnings and evaluate the assets and liability values, the companies adopt the policy of Quasi-Reorganization.

Elimination of debt through this process and creating a fresh start is common among many organizations that have failed to keep up.

Quasi reorganization: fresh or false start. Link/Page Citation This article looks at quasi reorganizations by summarizing current generally accepted accounting principles, evaluating the theoretical underpinnings and reporting on a survey of quasi reorganizations in practice.

in its books of account, substantially what might be accomplished.Quasi-reorganization definition is - a corporate procedure whereby recapitalization is achieved by the elimination of the existing deficit and the establishment of a new earned surplus account for future earnings only and without resort to the legal formalities of a complete reorganization.