Financial Management in Crisis Conditions

Syllabus

Thematic definition of exercises: 1. The global economy development and financial market trends. Current and projected GDP growth. Key factors in the development of the global economy, growth of global debt, current state of the economic cycle, monetary policy of central banks, trends in stock, bond and commodity markets. 2. Degrees of financial problems of the company. Evaluation of the financial situation by methods of financial analysis I. Horizontal and vertical analysis of the balance sheet of a company in crisis, identification of the company's weaknesses, assessment of asset development over the last three years. 3. Degrees of financial problems of the company. Evaluation of the financial situation by methods of financial analysis II. Horizontal and vertical analysis of the profit and loss statement of a company in crisis, identification of weaknesses and assessment of developments over the last three years. 4. Principles and methods of crisis management of the company with emphasis on cash flow management. Horizontal and vertical analysis of the cash flow overview of a company in crisis, identification of weaknesses. Analysis of ratio indicators. Possibilities of solving the identified problems resulting from the financial analysis of the company 5. Unfair competition and its forms, possibilities of protection against unfair competition. Possibilities of eliminating the financial crisis of the company. 6. 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. 7. 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. 8. Restructuring - characteristics and fulfillment of conditions for the application of restructuring. Methods and procedures of proceedings in restructuring. 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 installment 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. 12. Specifics of crisis management in selected EU countries I. - from the point of view of the legal framework (preventive restructuring, insolvency proceedings), early warning tools, the position of management, the role of the court and practical impacts on companies. The overview is based on the transposition of Directive (EU) 2019/1023 and on national adaptations in force in recent years. 13. Specifics of Crisis Management in Selected EU Countries II - an overview of the specifics of crisis management of enterprises in selected EU countries, based on available data on national crisis management systems, their approaches, legal frameworks and specifics.