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Fresh Start Accounting and SEC Reporting Sets Path After Emerging from Bankruptcy

The client, a publicly traded company manages and maintains interests in a wide variety of energy related assets. The company restructured and emerged from bankruptcy in 2012. The majority of the company is owned by a venture fund.

Fresh Start Accounting, SEC reporting, Outsourced accounting function

Solution & Benefits

Our accounting team gathered the information and began preparing a fresh start accounting package based on the transactions that had occurred as the company emerged from bankruptcy. The PKF Texas Information Technology group upgraded the accounting package and moved it along with other critical data to the cloud, which allowed the remaining employees to work remotely from Denver and for the main accounting team to work from Houston.  PKF Texas’ SEC team began working with the accounting and financial reporting group and completed the 10Q on time.

Needs Obstacles