Turnaround Management
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Set of flashcards Details
| Flashcards | 52 |
|---|---|
| Language | Deutsch |
| Category | Finance |
| Level | University |
| Created / Updated | 17.06.2017 / 09.03.2021 |
| Licencing | No Copyright (CC0) |
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Name the three crisis from the crisis model and explain how they can be noticed:
- Strategic crisis
What says your product / past of accounting
- Profitablity crisis
You make losses / Equity goes slowly down
- Liquidity crisis
Haven't got any cash / not able to pay the salaries
What's the difference between a genuine and not genuine adverse balance sheet?
Genuine: No reserves to treat the loss
Not genuine: enough reserves to treat the loss
When is an adverse balance sheet concealed?
When the loss is already offset against equity and not disclosed separetely.
How to calculate the:
- Cash ratio / Liqu. 1
- Quick ratio / Liqu. 2
- Current ratio / Liqu. 3
Liqu. 1: Cash / kfr. FK
Liqu. 2: (Cash + Receivables) / kfr. FK
Liqu. 3: UV / kfr. FK
What are the consequences of Art. 725, 1? (Debts are covered but less than 50 % equity!)
The BOD needs to call an AGM and propose restructuring measures!
What are the consequences of Art. 725, 2? (Debt isn't fully covered anymore)
An interim F/S based on going concern and liquidation assumptions needs to be drawn-up: If both show an over-indebtness the judge must be notified unless creditors enter into a subordination agreement.
Explain the basic process of a claim enforcement!
- Seizure (Pfändung) - Bankruptcy
Invoice - Enforcement Claim (Zahlungsbefehl) - Objection by debtor (Rechtsvorschlag)
- Request for continuation of debt enforcement (Fortsetzungsbegehren) - Request for realization of security (Pfandverwertung)
What are the three possibilities after an objection by debtor?
- if court decision exists - definite continuation
- if a public document exists - provisional continuation
- No document - sue for acceptance
