Subject

Corporate Recovery

  • code 09317
  • course 99
  • term
  • type op
  • credits 3

Main language of instruction: Catalan

Other languages of instruction: Spanish

Teaching staff

Head instructor

Office hours

To be advised

Introduction

This is a programme to cover the issues of Bankruptcy and how businesses facing that disaster can recover.

The full programme is available at the following website:

 

www.gaapifrs.com

Pre-course requirements

Basic understanding of financial accounting.

Objectives

For the full programme see the following website:

 

www.gaapifrs.com

 

Summary:

  • To understand the risks that business takes.
  • To appreciate the options facing companies in financial difficulty.
  • To explore how industry misuses the bankruptcy laws.
  • To review how the aviation industry survived 9/11.
  • To examine fraud and bankruptcy

To review current EU convergence of bankruptcy laws.

Competences / Learning outcomes of the degree programme

  • 08 - To understand how leading world economies work, their institutions and interconnections.
  • 09 - To identify emerging economies as well as the underdeveloped world, and to analyse applied growth policies.
  • 10 - To identify long-term economic growth factors and understand the impact of globalisation.
  • 24 - To be able to carry out a financial, social and historical analysis of the environment in which a company operates.
  • 28 - To be able to work in another language and use terminology and structures related to the economic-business world.
  • 33 - To be able to search for, interpret and convey information.
  • 35 - To analyse time series.
  • 50 - To acquire the ability to relate concepts, analyse and synthesise.
  • 52 - To develop interpersonal skills and the ability to work as part of a team.
  • 54 - To be able to express one’s ideas and formulate arguments in a logical and coherent way, both verbally and in writing.
  • 55 - To adopt good time management skills.
  • 56 - To be able to create arguments which are conducive to critical and self-critical thinking.
  • 57 - To acquire skills which favour reading comprehension.
  • 63 - To be able to analyse business related behaviour and decisions and evaluate them from an economic, social and ethical point of view.
  • 64 - To be able to plan and organise one's work.
  • 67 - To be able to express oneself in other languages.

Learning outcomes of the subject

To be able to identify businesses in trouble

To be able to structure routs for recovery

Syllabus

For full details see the following website

 

www.gaapifrs.com

Summary:

SESSION TOPIC MATERIAL

1

   OBJECTIVES OF THIS   MODULE

  • Introduction To website
  • Overview of Insolvency
  • History & Famous Bankruptcies  

Reading:

  • History of Bankruptcy
  • Famous Bankruptcies

 

2
  • What is Bankruptcy? What is Corporate Recovery?
  • Liquidations & Bankruptcy Procedures
  • Group Studies – Initial Review

Reading:

  • Types of Bankruptcy & How they work
  • US Bankruptcy laws

      3
  • Reorganisations of Companies in Financial Difficulty

Reading:

  •  

4
  • Balance Sheet Vs Statement of Affairs
  • Exercise Statement of Affairs
  • Group Studies

Reading:

  • What is a “Statement of Affairs”?

5

 
  • Predicting Failure
  • Aviation Industry in 21st Century

 

Readings:

  • Failure prediction models
  • Are Airlines Really Going Bust?
  • Why do Airlines go Bankrupt?

 

6
  • Automotive Industry in 21st Century  
  • Group Studies

Readings:

  • The problems facing the automotive industry

      7
  • Misuse of the Laws
  • Fraud & Bankruptcy
  • Buying a Bankrupt Business

Reading:

  • When Strategy Includes Bankruptcy

      8

 
  • The Stigma of Bankruptcy
  • Group Studies

Reading:

  • European Corporate Recovery.

Revision

  • Toy World Revisited

9
  • Convergence of the Laws
  • Parmarlat
  • Group Studies

Reading:

  •  

      10
  • Enron & WorldCom
  • Toy World Revisited - Discussion
  • Group Studies

Reading:

  • Corporate Recovery - Enron

     11
  • Barings Bank & BCCI
  • The Banking Crisis 2007-2010
  • How do banks fail?

Reading:

  • Is there a need for macro economic policy

Revision:

  • Case Study - Leker Airways

     12
  • MANAGING RISK
  • CASE STUDY – Stuart & Arden    

 

     13  
  • GROUP STUDY PRESENTATIONS

 

     14
  • GROUP STUDY PRESENTATIONS

 

     15 
  • CASE STUDY – LEKER AIRWAYS    

 

Teaching and learning activities

In person

See the following website:

www.gaapifrs.com

Evaluation systems and criteria

In person

For the evaluation and how to pass this module see the following website:

www.gaapifrs.com

 

Summary:

Each participant will be evaluated according to the acquired knowledge on the pertinent subject and the quality and consistency of their participation.

50% will be for a written essay of 3,000 words.

50% will be for a group study presentation on a selected bankruptcy and how it Could have been avoided.

Bibliography and resources

For full information see the following website:

www.gaapifrs.com

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