78606 ARITA Advanced Restructuring and Turnaround
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Credit points: 6 cp
Result type: Grade and marks
Description
This subject forms part of the Australian Restructuring Insolvency & Turnaround Association (ARITA) Advanced Certification program. It covers all operational aspects of restructuring and turnaround, enabling students to develop skills applicable to restructuring assignments both within and outside a formal insolvency appointment.
Subject learning objectives (SLOs)
Upon successful completion of this subject students should be able to:
| 1. | Business restructuring and turnaround law: Demonstrate specialised professional and technical knowledge relating to restructuring and turnaround of Australian businesses including regulatory and market-best practice approaches; and apply their understanding in various specialised contexts; |
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| 2. | Reflective and ethical approach: Recognise, reflect upon and respond to ethical issues arising in business restructuring and turnaround situations in ways that show evidence of accountability and professional judgment; |
| 3. | Stakeholder accountability: Think critically about issues relating to business restructuring and turnaround law and policy to generate and evaluate appropriate responses to hypothetical problems taking into consideration a range of stakeholders with an interest in the restructuring and turnaround efforts; |
| 4. | Factual legal policy issues: Research, identify, evaluate and synthesise factual, legal and policy issues arising in a range of business restructuring and turnaround contexts. |
Course intended learning outcomes (CILOs)
This subject also contributes specifically to the development of the following graduate attributes which reflect the course intended learning outcomes:
- Ethics and Professional Responsibility
A capacity to value and promote honesty, integrity, accountability, public service and ethical standards including:
a. An understanding of approaches to ethical decision making and professional responsibility;
b. An ability to recognise, reflect upon and respond to ethical issues likely to arise in professional contexts in ways that evidence professional judgment, promote justice and serve the community; and
c. An ability to reflect on and engage constructively with diversity in practice. (LAW.2.1) - Critical Analysis and Evaluation
A capacity to think critically, strategically and creatively, including the ability to:
a. Identify and articulate legal issues in context, including the skill of critical reading and writing;
b. Apply reasoning and research to generate appropriate responses;
c. Engage in critical analysis and make a reasoned choice amongst alternatives; and
d. Think creatively in approaching legal issues and generating appropriate responses. (LAW.3.1) - Research skills
Well-developed cognitive and practical skills necessary to identify, research, evaluate and synthesise relevant factual, legal and policy issues. (LAW.4.1) - Communication
Effective and appropriate communication skills including:
a. Highly effective use of the English language to convey legal ideas and views to different and diverse audiences and environments;
b. An ability to communicate to inform, analyse, report and persuade;
c. An ability to strategically select an appropriate medium and message;
d. An ability to assess how messages are received and alter communication strategies accordingly; and
e. An ability to be responsive and adaptive to the perspectives of collaborators, clients, counter parties and others. (LAW.5.1) - Collaboration
Effective and appropriate collaboration skills in working together to achieve a common goal in a group learning environment or the workplace including:
a. An ability to give and receive feedback;
b. Appropriate professional and interpersonal skills in working collaboratively;
c. A capacity to develop strategies to successfully negotiate group challenges; and
d. An ability to be responsive and adaptive to the perspectives of collaborators, clients, counter parties and others. (LAW.6.1)
Content (topics)
- Identifying a viable “turnaround candidate”
- Assessing the potential for turnaround
- Getting the right management team and accurate financial information
- Financing options
- Stakeholder analysis
- Developing and implementing the plan
- Refocusing the business
- Process improvement
- Implementing the longer-term business plan
Assessment
Assessment task 1: Initial Client Advice letter
| Objective(s): | This task addresses the following subject learning objectives: 1, 2, 3 and 4 This task contributes specifically to the development of the following graduate attributes: LAW.2.1, LAW.3.1 and LAW.5.1 |
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| Weight: | 20% |
| Criteria: |
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Assessment task 2: Research paper
| Objective(s): | This task addresses the following subject learning objectives: 1, 2, 3 and 4 This task contributes specifically to the development of the following graduate attributes: LAW.2.1, LAW.3.1 and LAW.4.1 |
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| Weight: | 30% |
| Criteria: |
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Assessment task 3: Group strategy document
| Objective(s): | This task addresses the following subject learning objectives: 1, 2, 3 and 4 This task contributes specifically to the development of the following graduate attributes: LAW.2.1, LAW.3.1, LAW.5.1 and LAW.6.1 |
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| Weight: | 30% |
| Criteria: |
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Assessment task 4: Individual presentation of strategy document
| Objective(s): | This task addresses the following subject learning objectives: 1, 2, 3 and 4 This task contributes specifically to the development of the following graduate attributes: LAW.2.1, LAW.3.1, LAW.5.1 and LAW.6.1 |
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| Weight: | 20% |
| Criteria: |
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