| Fees
and Refunds |
Registration
fee for each part is $650. The fee for government employees
is $275.
A full refund (if materials
sent to you in advance of the course are returned) or credit
will be made for parts that are canceled 10 business days
before the part begins. For parts canceled with less than
10 business days notice, credit toward a future part will
be granted less a $75 service charge per part. For parts
canceled with 3 or less business days notice, a $150 service
charge will apply.
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| Continuing
Education Requirements |
Particpants
may receive 20 hours of CPE credits for each part. In accordance
with the standards of the National Registry of CPE Sponsors,
CPE credits have been granted based on a 50 minute hour.
To maintain your certificaiton, you are required to complete
60 hours (20 hours per year) of continuing professional
education (CPE) credits related to turnaround, restructuring
and bankruptcy within each successive three-year period.
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| Complaint
Resolution Policy |
For
more information regarding administrative policies, such
as complaint and refund, please contact our office at: 541.858.1665
|
|
Course and Examination Format -
The CIRA course of study is divided into three parts:
Part 1:
Managing Turnaround and Bankruptcy Cases |
Part 2:
Plan Development |
Part
3:
Accounting, Financial Reporting and Taxes |
- Financial statement analysis of troubled
companies
- Causes of business failures
- Profitability Improvements, including
outsourcing
- Nuts and Bolts
- Four-Wall analysis
- JIT and ABC
- EVA
- Turnarounds and Workouts
- Stages of turnaround process
- Operational/Strategic
- Dealing with creditors and their committees
- Pre-bankruptcy planning
- Managing bankruptcy cases
- Special investigations including preferences
and fraudulent transfers
|
- Valuation Analysis
(going concern and liquidation)
- Financing the turnaround and the plan
- Establishment of classes and interests
- Negotiation of the terms of the plan
- Tax impact of plans
- Disclosure statement
- Chapter 11 plans and out of court plans
- Conversion to chapter 7 and liquidation
plans
|
- Retention of financial
advisors and fees
- Financial reporting during
reorganization
- Accounting for the reorganization
- Financial reporting on emergence from
Chapter 11
- Accountants' reports and application
of litigation services guidelines
- Responsibilities of accountants
- Tax considerations
|
20 hours of CPE credits are available for each
part.
Instructional method: Group-Live.
The study course, one for each part, will involve
some advance preparation consisting of reading assignments of
5 to 10 hours and the answering of multiple choice questions
from the course materials. The material for the various parts
of the examination will be mailed to you one month prior to
the course. Each part consists of a two and one-half-day course.
A three-hour examination will be given during the last half
day of the course. The course level is "advanced."
Applicants may register for one or more parts
in any series of courses that are offered. We recommend that
Part 1 be taken before Part 2; however Part 3 may completed
before Part 1 or Part 2. All three parts must be passed within
a period of 3 years.
A grade of 75 is considered passing. If an
applicant fails to pass one or more part(s) of the examination,
the exam(s) may be retaken with or without the course.
| National
Registry of CPE Sponsors |
"Association
of Insolvency and Restructuring Advisors" is registered
with the National Association of State Boards of Accountancy
(NASBA) as a sponsor of continuing professional education
on the National Registry of CPE Sponsors. State boards of
accountancy have final authority on the acceptance of individual
courses for CPE credit. Complaints regarding registered
sponsors may be addressed to the National Registry of CPE
Sponsors, 150 Fourth Avenue North, Suite 700, Nashville,
TN, 37219-2417. Web site: www.nasba.org.
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