SMU-IPAS Advanced Certificate in Insolvency and Restructuring Module 6: Financial Assessment
About This Course
At the end of the 1-day module, participants will be able to:
• Explain the two types of insolvency tests under common law (which continues to be relevant to the Insolvency, Restructuring and Dissolution Act (IRDA)), and how this may be different from similar accounting concepts)
• Deduce whether the tests are established (including with the aid of presumptions under section 125(2) of the Insolvency, Restructuring and Dissolution Act (IRDA))
• Question the merits/ strengths of various factors that support the solvency or otherwise of an entity
• Assess financial performance by interpreting liquidity, solvency, and profitability ratios
• Assess financial sustainability (including what may be sustainable debt)
• Differentiate between items in the financial statements that affect and do not affect cash flows
• Critique cash flow or profit forecasts
What You'll Learn
This module will equip participants with the knowledge and skills that are required to perform such financial assessment. The topics to be covered combine a range of legal, finance and accounting concepts. These topics include the types of insolvency tests, financial ratios, financial sustainability, and forecasting and analysis.
Entry Requirements
Participants should preferably be a degree holder, in any discipline, and have at least one year of working experience.