Reopening & Recovery – Part 9 – Embrace the Opportunity to Change

  |  June 29, 2020

 “Change is the only constant in life” (Heraclitus).  However today, unexpected change is the new reality.  Is your business taking steps to become more agile to emerge better positioned for the future. Make the best of these times by assessing your organization’s Capabilities Do you have the right skills mix? What gaps and learning opportunities... Read More

Weathering the Storm Part 6: Restructuring Considerations – Debt and Other Liabilities

  |  June 3, 2020

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Continuing our series on restructuring strategies, we now focus on debt and other liability considerations and their impact to cash flow: Debt Covenant Review – could trigger acceleration of cash debt obligations or require loan restructuring/modifications, which may result in charges to the P&L Defined Benefit Plans – curtailment/settlements may require interim re measurement of... Read More

Weathering the Storm Part 5: Restructuring Considerations

  |  June 2, 2020

As companies consider restructuring strategies, they should evaluate the accounting and cash impact of restructuring all or a portion of their operations Involuntary terminations – charges may need to be recognized upfront vs. over service period and may result in reduction of future employee expense Contract termination costs – could require immediate recognition of entire... Read More

Weathering the Storm Part 4: Restructuring Strategy Considerations

  |  June 2, 2020

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With the outbreak of COVID-19, companies are facing tough decisions and looking at their operations and debt to identify changes to help weather the storm. If you are considering restructuring some or all operations and debt obligations, we recommend you: Review debt obligations and required covenants. Review capital commitments to identify what can be delayed... Read More