The course of teaching contributes to the pursuit of the general objective
of the course of study to provide students with advanced knowledge and
skills both with respect to the operating conditions of the companies and
with respect to the main dimensions of the context in which the
companies operate.
Contents of the course program:
1. Crisis and disfunction of the firm
2. Business crisis: concept, types, risk factors
3. Causes of business crisis
4. Instruments for diagnosis of the crisis
5. Crsis management
6. Recovery strategies
7. Financial strategies
8. Turnaround process
9. Refrerences to legislation and accounting practice.

COURSE SYLLABUS
1. Crisis and dysfunction of the business system
- The concepts of crisis and business dysfunction
- The types of business crises
- The stages of the business crisis
2. The causes of the corporate crisis
- External causes
- Internal causes
3. The tools (quantitative and qualitative) for diagnosis of the crisis
- The analysis of the company's liquidity and capital solidity
- Analysis of the marginality of product / market combinations
- The analysis of the company's financial needs: the management
balance sheet
- Forecast models
- Qualitative tools (outline)
4. The recovery strategy
- The formulation of the recovery strategy
- The selection of the strategic recovery areas
- Evaluation of the recovery strategy
- Financial restructuring
- Relationship with corporate stakeholders

5. The turnaround process
- The concept of turnaround
- The phases of the turnaround process
- The objectives and actions in the turnaround process

6. Normative references and accounting practices
- The new code of crisis and insolvency
- The principles of the CNDCEC