Essential Skills 1-day intensive

Module 1: Financial data for insolvency appointments

Producing reliable financial data efficiently is an essential skill for insolvency professionals, as they use the information for decision making and reporting, particularly in a trade on situation.

This module equips you with working knowledge of how to prepare key financial data in the context of an insolvency appointment, including income and cash flow forecasts and position and outcome statements.

Learning objectives

At the end of this module participants will be able to:

• Understand the principles of building trade-on forecasts and the fundamentals of sensitivity analysis.
• Recognise best practice disclosure and formatting requirements of receipt and payments accounts.
• Appreciate basic concepts and prepare a trading position statement.
• Highlight the benefits and construct a trading statement.
• Identify key elements and draft an outcome statement.