Understanding Insolvency Accounts

This course will benefit professional advisers and service providers to companies who need a basic understanding of insolvency accounts.

This course answers questions such as:

• What is a statement of affairs?
• What is the difference between an asset which is specifically pledged and one that isn't?
• What is an estimated outcome statement?
• How are liabilities classified within insolvency proceedings?

Who will benefit?

• Those in general practice who are looking for an overview and basic understanding of insolvency accounts
• Staff who have recently started work in insolvency and need a helping hand with ˜numbers
• Individuals who want a basic understanding of what insolvency accounts mean

A practical approach is taken. Real life examples are used to illustrate the accounts. Our aim is to make the course interesting up-to-date relevant and memorable. The emphasis is on de-mystifying the meaning of insolvency accounts and explaining the rationale behind their preparation.

The course begins with the basics and no knowledge of insolvency accounts is presumed. We will provide you with an introduction to the terminology that is used in insolvency accounting before looking in more detail at the various different accounts that can be prepared. The course will focus on the rationale behind the accounts and principle behind their preparation.