Essential Skills: Insolvency
Preparing financial information
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 course 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 course participants will be able to:
- Understand the importance of forecasts when trading on in an insolvency and the key principles of building forecasts.
- Explain the fundamentals of sensitivity analysis for forecasts.
- Identify the key statements that can be used to monitor appointment and trading performance.
- Recognise best practice disclosure and formatting requirements for non-statutory receipts and payments.
- Understand the differences between an estimated trading position statement and a trading statement and be able to prepare these statements.
- Identify the key elements and construct and estimated outcome statement.
Who should attend?
- Junior insolvency practitioners who want to build their knowledge of preparing financial data for insolvency appointments.
- Senior insolvency practitioners who want to expand or refresh their knowledge of this topic.
- Lawyers who want to understand this area of insolvency.
Prerequisites
We recommend you complete the Introduction to Insolvency Program,
or have one year of on-the-job experience prior to attending this
course.
CPE
TBC - maximum of 2 CPE verifiable hours.
Please see our
enrolment and cancellation policy. For further information contact our
education team.