What Are The Possible Actions When A Business Becomes Insolvent

Thursday July 7, 2022

What are the possible actions when a business becomes insolvent? One of them is fresh start accounting. Please explain what is new start accounting and what are their criteria? Is it possible for Garuda Indonesia Airlines to do a fresh start accounting according to PSAK?
2. When a firm enters a transaction that needs to be settled in foreign currency, what are the risks they are exposed to? What are the possible ways for a firm to avoid those risks and what will be the effect?

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