Solvency in Difficult Times

Service Description

The purpose of this course is to highlight the crucial solvency related issues that need to be at the forefront of directors' minds in an uncertain, challenging and/or rapidly changing environment. It provides guidelines around how to plan for the business, as well as analyse financial reporting and risks. It also looks at ways to transform the business and, if insolvency is imminent, what to do. By the end of this course, participants will be able to: 1. Explain how the board may need to modify how it works with management when the business is in financial distress; 2. Explain what needs deeper analysis in financial reports when solvency is a concern; and 3. Explain the insolvency process.