Effective Corporate Turnarounds ON DEMAND
Available Until
Your Desk
4.0 Credits
Member Price $116.00
Non-Member Price $133.00
Overview
A failing business may suddenly find itself in desperate need of a comprehensive overhaul. In this course, we will cover the basic stages of a turnaround, including dozens of specific improvement actions that can be taken. The business course also notes a variety of legal considerations, including security interests, worker notifications, and the mechanics of the bankruptcy option. This course functions as the complete toolkit for someone interested in successfully completing a corporate turnaround.
Highlights
The basic stages of a turnaround. Turnaround actions. Security interests and collection options. Turnaround legal considerations. The bankruptcy option. The bankruptcy process. Bankruptcy rules.
Prerequisites
None.
Designed For
CPAs, CEOs, CFOs, COOs, and business leaders.
Objectives
Identify the reasons why a deliberate turnaround effort is needed. Recall the components of the cash conversion cycle. Specify the reasons why a lender might grant a loan forbearance. Identify the options for accelerating cash flows into a business. Recall how a mechanic’s lien works. Specify how a surety arrangement works. Identify the circumstances under which a lender can seize the property of a borrower. Recall the conditions for creating a security interest in a borrower’s personal property. Specify the priority of claims in a credit arrangement, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $133.00
Member Price $116.00