Directors Update: Going Concern & Insolvency tests – why they matter
This webinar forms part of the 2024 Directors Structured Training Programme.
Description
This webinar forms part of the 2024 Directors Structured Training Programme. The programme comprises 10 x 1-hour webinars, delivered by Heather-Anne Hubbell.
Book the full programme of ten webinars at a discounted price.
View the full programme (January-July 2024)
View the full programme (September-December 2024)
Content
This webinar will give you an overview of the importance of insolvency tests when considering whether your company is a going concern. This webinar will cover the following:
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Trading while insolvent/ other definitions
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What does this mean?
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What to do when you can’t pay the bills
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Next steps
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Different tests – various tests (English tests versus Jersey tests)
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Balance sheet insolvency versus cash flow insolvency
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Cash flow insolvency and reasonableness of directors' decisions
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What are reasonable assumptions for directors to make around cash flow projections
Learning Outcomes
Having attended this webinar, delegates will:
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Understand the importance of solvency tests
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Know the Definition of Cashflow vs Balance Sheet insolvency
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Understand of confirming the business is a going concern
Presenter
Heather-Anne HubbellExpert Trainer at the School of International Financial Services |
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Heather-Anne is a serial entrepreneur, with business experience as a lawyer, banker and consultant. She has an extensive legacy in financial services, strategic planning, digital transformation and corporate governance. Experienced at providing board-level management information to group and risk audit committees, her expertise is underpinned with experience as private practice lawyer, in-house counsel, and Director & Company Secretary of companies in Canada, the UK and Jersey. Heather-Anne has leveraged 35+ years of experience to create Phundex, a digital solution to finding innovative ideas, digitally facilitating the investment due diligence process, bringing investment opportunities to market faster, and then administering and reporting to management, investors, and regulators. |