Certified Insolvency And Reorganization Accountant - CIRA


DEFINITION of 'Certified Insolvency And Reorganization Accountant - CIRA'

A professional certification available to forensic accountants. To become certified, candidates must pass a rigorous board exam. The CIRA designation provides both additional training and professional recognition for certficants.

BREAKING DOWN 'Certified Insolvency And Reorganization Accountant - CIRA'

CIRA candidates must have previous experience with both insolvency and reorganization accounting. The exam is broken down into three parts. The first is financial reporting and taxes, the second is managing turnaround and bankruptcies and the final part involves plan development and accounting.

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  1. Do dividends affect working capital?

    Regardless of whether cash dividends are paid or accrued, a company's working capital is reduced. When cash dividends are ... Read Full Answer >>
  2. Do prepayments provide working capital?

    Prepayments, or prepaid expenses, are typically included in the current assets on a company's balance sheet, as they represent ... Read Full Answer >>
  3. Does working capital include salaries?

    A company accrues unpaid salaries on its balance sheet as part of accounts payable, which is a current liability account, ... Read Full Answer >>
  4. What is a profit and loss (P&L) statement and why do companies publish them?

    A profit and loss (P&L) statement, or balance sheet, is essentially a snapshot of a company's financial activity for ... Read Full Answer >>
  5. How do dividends affect the balance sheet?

    Dividends paid in cash affect a company's balance sheet by decreasing the company's cash account on the asset side and decreasing ... Read Full Answer >>
  6. Are dividends considered an expense?

    Cash or stock dividends distributed to shareholders are not considered an expense on a company's income statement. Stock ... Read Full Answer >>

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