Solvency in difficult times

Business owners and directors should always keep on top of their organisation’s financial situation. But in difficult times, such as those presented by the COVID-19 pandemic, tracking the organisation’s financial health becomes critical.

Solvency in Difficult Times explores the role of the board in working with management when a business is in financial distress, the insolvency warning signs to watch for including red flags in the financial reports, what to do if insolvency is imminent, and an examination of the insolvency process.

Who is this course for?

Directors and business owners of companies in financial distress or where solvency is a concern.

How will I benefit?

Upon completion of this micro-course, you will understand:

  • What to look for in the financial reports to inform your view of an organisation’s solvency position
  • The board’s role when a business is facing financial challenges
  • How boards should work with management when a business is in financial distress
  • Key considerations around assessing and dealing with financial risks, with specific reference to the COVID-19 environment
  • How to address potential solvency concerns
  • The insolvency process.

Topics covered:

  • Topic 1: Planning in times of declining financial health
  • Topic 2: Assessing financial risks
  • Topic 3: Transforming the business
  • Topic 4: Insolvency

Gain instant access

This product provides a single user with a licence for 30 days access valid from the date of purchase.