Insolvency for Accountants
Economic turbulence and cash flow pressures continue to drive the insolvency landscape, and accountants are increasingly playing a key role. This course enables you to spot signs of business failure and equips you to help with turnaround, and understand your role, if the insolvency process is necessary.
£150 +VAT
Insolvency for Accountants
£150 +VAT
365 days’ access
Insolvency for Accountants
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Understand the accountant’s role in insolvency.
- Spot the warning signs and know the right time to call an insolvency or turnaround expert.
- Understand the range of options if a turnaround effort fails.
- Trace domestic and international assets, using forensic technology where appropriate.
- Understand the regulation and the ethical codes associated with insolvency.
About the course
Economic turbulence and cash flow pressures are having a huge impact on the insolvency landscape, and accountants are increasingly playing a key role. The earlier you can spot signs, and intervene when a business is going into decline, the better the chances of bringing a struggling business back to health.
This course will help you identify the factors that can lead a business to fail and help you spot the early warning signs. It looks at ways to rescue a company but, most importantly, it outlines when you need to call in the insolvency experts, even if that’s not what the directors want to hear. Once in the insolvency process, this course outlines your role as an accountant, and how you can support the process and your client.
Finally, a clear understanding of the regulation surrounding insolvency, will ensure you act ethically, and with integrity, even in difficult situations.
Contents
Debt and insolvency </summaryInsolvency risk How insolvency arises A brief history of insolvency Risk appetite>
Warning signs
Ignoring the signs
Pre-insolvency
The point of insolvency
Keeping your eyes peeled
Red flags
Insolvency processes
Insolvency vs turnaround
Turnaround strategy
Struggling companies
A focus on directors
Assessing creditor claims
Asset tracing
Hide-and-seek
Following the money
Internal fraud
Cross border situations
Supply chains
International insolvency regimes
Centre of main interests
Ethical considerations
Accounting or insolvency ethics?
Proof of personal gain
Conflicts of interest
The view from outside the profession
Author
Carol Baker
Carol Baker is Editor-in-Chief at Credit Control Journal and Asset & Risk Review, IT for CEOs & CFOs, and Property Finance & Lifestyle. Carol has been a journalist for a number of years including for ICAEW, the Financial Times, and the Guardian and often works alongside others to uncover corporate financial frauds.
9 reviews for Insolvency for Accountants
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Kamal Krishnaratna –
Good foundation level. Could have been more technical in terms of what analysis an insolvency accountant would do – perhaps through case study.
Kelvin Sua –
Very informative and practical.
Pamela van der Watt –
please delete the music from the video its so annoying
Linda Foulkes –
Many of the end of chapter questions did not relate to the course content/purpose( eg what is an ethical investment fund) or asked for information not included in the course. I don’t really care about this since it was possible to make a reasonable guess but I found it surprising given the many relevant questions that could have been asked instead. It was also not always clear whether the video presenter was talking about insolvency regimes in general or simply the one he is most familiar with. There were also inconsistencies in information given. Eg it was stated that in common law systems the insolvency process is accountancy led before then describing the USA as a common law system where the courts dominate insolvency processes.
Simon Jordan –
Concise summary
Tracey Doran –
Good course scenarios and case studies easy to follow
Allan Young –
Some very interesting material, made me consider aspects of the business I work in.
Kutlwano Mswela –
great
Sunil Bandara –
This is fantastic course as we can go through full process of insolvency and practical case as example.