Claiming Back Your VAT
All attendees of a London based course incur VAT as a part of the cost of attendance.
Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.
Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.
Claim the VAT that's rightfully yours in four simple steps:
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Why choose VAT IT
VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.
VAT IT will charge a percentage of the VAT refund if/when it is successful.
Can I claim back the VAT myself?
You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form.
For European clients, please refer to form VAT 65.
All other clients, please refer to form VAT 65A.
You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.
Financial Analysis of Distressed Companies
Following the outbreak of the Covid-19 pandemic, the global financial markets have suddenly become burdened with a large number of distressed firms. This is the first of a series of three LIVE sessions that cover distressed corporates.The aim of this LIVE (Live Interactive Virtual Education) Session is to provide delegates with an understanding of how to analyse the financial statements of firms that are becoming or are already distressed. The other webinars in this three-part series include:
Other Masterclasses in the series: Distressed Corporates: LIVE Session 1: Early Warning Signs and Causes of Distress
Distressed Corporates: LIVE Session 3: Operational and capital solutions for distressed firms
Our LIVE sessions are a series of short and interactive instructor led sessions, enabling the participant learn from our industry-leading faculty, designed specifically for learning from the office or at home.
Find out more by contacting firstname.lastname@example.org
11.00 BST (British Summer Time)
By the end of this one-hour session, partticipants will be able to:
- analyse the income statements of distressed firms
- analyse the cashflow statements of distressed firms
- analyse the balance sheet of distressed firms, including off balance sheet items
- review the links between the financial statements and the implications for the distressed firm
An interactive, 60 minute, Instructor led, session
Following the outbreak of the Covid-19 pandemic, the global financial markets have suddenly become burdened with a large number of distressed firms. This is the first of a series of three Online Masterclasses that cover distressed corporates. The aim is to provide delegates with an understanding of early warning signs (EWS) and causes of distress.
Distressed Corporates: Live Online Masterclass 3: Operational and Capital Solutions for Distressed Firms
By the end of this one-hour webinar, participants will be able to:
- appreciate a wide range of common early warning signs (EWS) of corporate distress
- understand the common causes of corporate failure
- differentiate between causes of distress that are within or beyond the firm’s control
- understand how identifying the causes of distress is key to any work-out solution
Session 1: Analysing the income statement of distressed firms
Is there a top-line, revenue problem?
Is there a cost problem – fixed, or variable costs?
Is there an asset turnover problem?
Are there material exceptional costs or losses?
Are the losses cash or non-cash losses?
What do provisions and impairment charges signify?
Can the firm cover its interest payments?
Why interest cover ratios may give a mis-leading impression
Can the firm cover last year’s tax payments?
Is the firm hiding negative trends through creative accounting?
Session 2: Analysing the cashflow statement of distressed firms
What are the trends in operating cashflow? Is it negative?
Are reported earnings turning into cashflow?
Is net working capital a problem?
Can the firm’s cashflow cover mandatory outgoings (interest, tax, maintenance capex)?
Is the firm capital intensive and can it cover investment spending?
Is the firm still making shareholder distributions?
How are cash shortfalls being funded? Is this sustainable?
What is the outlook for cash burn?
Does the firm have committed available funding or other sources of cash to meet cashflow shortfalls?
Session 3: Analysing the balance sheet of distressed firms
What is the asset base? Are the assets over-valued?
Are there any assets that could be disposed of readily?
What are the trends in net working capital and what do they signify?
What are the trends in the levels of debt and quasi debt?
Has leverage become excessive such that refinancing risk is high?
What is the debt maturity profile and level of short-term debt?
Does the firm have high provisions that will result in cash outflows?
Does the firm have cash, equivalents and/or access to debt or equity funding?
Does the firm have negative equity? Does this matter?
Does the firm have off balance sheet liabilities, including contingent liabilities?
What is the liquidation value of the assets?
Is the firm worth more as a going concern or should it be liquidated?
Session 4: Conclusions
The impact of treating the firm as if it is not a going concern
Looking at the financial statements as a whole
Drawing conclusions about the level of distress and possibility for recovery
Our Tailored Learning Offering
Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.
If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.
We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.
We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.
We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:
- Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
- Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
- Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
- Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
- Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
Sarah MartinBanks and other financial institutions can lose billions of dollars annually due to their failure to analyse and anticipate risks correctly. That's where my training course comes in.
BiographyFormer Executive Director of CSFB and Lehman Brothers, the Course Director has spent seventeen years working as an investment banker in Europe and the US. She has principally worked in the credit markets and has experience of the US and European high grade and high yield markets, the European new issue markets, the Asian convertible bond markets and of corporate restructurings of distressed credits. She specialised in the telecoms sector and was closely involved in the structuring, raising and/or trading of bank and public debt for telecoms companies in many countries, including Europe, South Africa, Asia and Latin America. She also has extensive experience of corporate finance transactions, including mergers, disposals, privatisations, IPOs and capital raisings. Until 2003, she was an Executive Director at Lehman Brothers in Fixed Income Research in London, having also worked for CS First Boston and Kleinwort Benson. She now works on an independent basis advising the legal and private equity professions on credit analysis and company valuation. She has a degree in economics from the London School of Economics and stock exchange qualifications from London and New York.
For more information, please contact email@example.com