Red Tide Rising


Red Tide Rising
T he next big wave of bankruptcies is on the horizon, say attorneys, financial advisers, investment bankers and other restructuring professionals.

According to a survey by Dow Jones & Co.’s Daily Bankruptcy Review and the American Bankruptcy Institute, 82% predicted the next major group of corporate restructurings would hit by the end of 2007.

The majority of the restructuring experts said the industries most likely to be affected are real estate/construction, retail, airlines, manufacturing and transportation.

The most likely trigger: interest rates. Falling home prices, higher commodity prices, global competition and a bear stock market also were expected to contribute.

Source: American Bankruptcy Institute, www.abiworld.org .

SURVEY SAVVY

VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.