Financial Management in Crisis Conditions

Syllabus

Thematic definition of exercises: 1. The global financial crisis and its impact on companies in the Slovak Republic. Symptoms and causes of financial problems of non - financial corporations. The company's financial crisis and its consequences for the country's business and economy, GDP, employment, inflation, etc. Measures taken by the government and the central bank to reduce the risk of a financial crisis. 2. Degrees of financial problems of the company. Evaluation of the financial situation by methods of financial-economic analysis. Unfair competition and its forms, possibilities of protection against unfair competition. Possibilities of eliminating the financial crisis of the company. Principles and methods of crisis management of the company with emphasis on cash flow management. 3. Obligations of the company in connection with crisis prevention, consequences in case of breach of obligations. Characteristics of insolvency and extension for the assessment of crisis and bankruptcy, characteristics and method of calculation in accordance with current legislation. 4. Characteristics of bankruptcy at the proposal of the debtor and the creditor. Obligations of the debtor and the rights of the creditor in relation to bankruptcy and bankruptcy. Procedure for filing for bankruptcy as a debtor and a creditor. Basic stages and procedure of bankruptcy proceedings. Requirements for the debtor's and creditor's application for bankruptcy. 5. The effects of the declaration of bankruptcy on the debtor's property, court and execution proceedings after the declaration of bankruptcy. Procedure for registering creditors and their claims in bankruptcy, ascertaining, recording and denying claims. Finding, writing and securing assets in bankruptcy and determining their value. 6. Opposition to shortening, favouring and disproportionate consideration by a legal act in bankruptcy. Financial penalties for the debtor's statutory bodies for not filing for bankruptcy. Criminal liability for fraudulent and culpable bankruptcy, compensation for damage caused. 7. Property of the bankrupt in bankruptcy - classification, writing of the inventory, methods of determining the value, procedures and methods of monetization of movable, immovable and property and other property values. Order and method of monetary satisfaction of creditors from bankruptcy assets. End of bankruptcy. 8. Characteristics and fulfilment of conditions for the application of restructuring. Restructuring procedures. Protection of the debtor from creditors. Content of the restructuring report. Registration of creditors for restructuring. 9. Control of the company in restructuring by creditors. Effects of the initiation of restructuring proceedings. Restructuring of the court. Time schedule of the restructuring process. Content of the restructuring plan and its implementation. Advantages and disadvantages of restructuring. Level of satisfaction of creditors. 10. Characteristics of indebtedness of a natural person entrepreneur in the form of bankruptcy. Types of satisfied receivables, unaffected receivables. Effects of the onset of debt relief. Honest and dishonest intention of the debtor. Bankrupt assets and their monetization. End of bankruptcy. Debt relief in the form of an instalment calendar, deadlines and the procedure for its compilation. Protection of the debtor from creditors. 11. Liquidation of the company. Conditions and procedures for liquidation in accordance with legal norms, appointment of a liquidator, registration of claims, satisfaction of creditors, procedure in case of lack of assets to satisfy creditors, financial statements as of the date of entry into liquidation and its termination, deletion of the company from the commercial register.