This course starts with the warning signs for a company that is experiencing financial difficulties, as well as the typical symptoms and causes of corporate decline. It then dives into Altman’s Z-score and how it can be used to assess the credit risk of a company.
Afterward, the default risk of a firm is predicted through different methods including options theory and the Expected Default Frequency (EDF) model. After assessing the likelihood of default, the course explores different strategies and tactics used to deal with deteriorating accounts, including the steps for developing an action plan and turning around a declining business.
This course is great for someone looking to enhance their ability to anticipate corporate decline, assess the credit risk of current companies, and understand how to implement strategies to improve a company’s weakening performance.
Recommended skills to have before taking this course.
Level 3
54min
100% online and self-paced
Field of Study: Finance
Start LearningWhy stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.