Advanced

Accounting for Troubled Debt Restructuring (TDR)

Analyzes if a debt modification constitutes a TDR or a simple modification.

Analyze a debt modification between {company_name} and its lender. The terms were changed from {old_terms} to {new_terms}. Is the company experiencing 'financial difficulty'? Does the lender grant a 'concession'? Determine if it is a TDR under ASC 470-60 and explain the impact on interest expense.

Related Prompts

Financial Accounting
Beginner

Month-End Close Checklist Generator

Generates a comprehensive month-end close checklist tailored to your company type and size.

ChatGPT-4oClaude Sonnet 4.5Gemini 2.5 Pro
1
1
6
Financial Accounting
Advanced

ASC 606 contract intake: performance obligations & allocation

Analyzes a customer contract under ASC 606/IFRS 15: identifies performance obligations, determines transaction price, and allocates consideration. Produces a concise memo and a revenue schedule outline.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
3
Financial Accounting
Advanced

IFRS 15 variable consideration constraint assessment

Evaluates variable consideration and the constraint, documenting probability-weighted outcomes and recognition impacts. Helps controllers defend judgments and build consistent templates across contracts.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
4