Responding to Indicators of Financial Distress (131763491) - Online

Description

Small-to-medium businesses face a wide range of challenges in the current economic environment. As trusted advisers, it’s important for accountants to have the skills and knowledge required to help identify and respond to financial distress.

In this course, you will learn about macroeconomic drivers that may impact the financial health and viability of a business. You will also analyse internal factors that can lead to financial distress, and the high-level indicators of financial distress.

You will learn how to use financial metrics, or ratio analyses, to determine whether the cash in a business is sufficient to pay the business’s obligations.

You will also learn how to monitor the financial health of a business to help identify early signs of financial distress, the strategies that can be implemented to effectively respond, and the risks to avoid when experiencing financial distress.

Key topics

• Factors leading to financial distress
• Analysing indicators of financial distress
• Implementing strategies to respond to financial distress

This course consists of one interactive online course, one downloadable PDF learning manual and one online assessment.

Learning objectives

• Identify factors that may lead to financial distress
• Analyse indicators of financial distress
• Evaluate strategies to respond to financial distress

Audience

This course is suitable for Public Practitioners, SME business owners and accountants advising business owners.