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Course AF-066

Restructuring and Turnaround Finance

When a business faces falling sales, mounting losses or a liquidity crisis, the decisions taken in the first weeks often... The outline covers Diagnosing Financial Distress, Cash Is King: Stabilisation, Viability and the...

  • 5 daysClassroom or online
  • 49Upcoming dates
  • 12Cities
  • €1,825Fees from

Choose your format and date

  • 5 days
  • 09:00–14:00
  • Certificate of attendance

Classroom sessions

  1. 7–11 Dec 2026

    Frankfurt

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  2. 14–18 Dec 2026

    London

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  3. 21–25 Dec 2026

    Barcelona

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  4. 4–8 Jan 2027

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  5. 11–15 Jan 2027

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  6. 18–22 Jan 2027

    Frankfurt

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  7. 25–29 Jan 2027

    Rome

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  8. 1–5 Feb 2027

    Vienna

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  9. 8–12 Feb 2027

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  10. 15–19 Feb 2027

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  11. 22–26 Feb 2027

    Frankfurt

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  12. 1–5 Mar 2027

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  13. 8–12 Mar 2027

    Amsterdam

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  14. 15–19 Mar 2027

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  15. 22–26 Mar 2027

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  16. 5–9 Apr 2027

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  17. 12–16 Apr 2027

    Frankfurt

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  18. 19–23 Apr 2027

    Cape Town

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  19. 26–30 Apr 2027

    London

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  20. 3–7 May 2027

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  21. 10–14 May 2027

    Barcelona

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  22. 17–21 May 2027

    Frankfurt

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  23. 24–28 May 2027

    Dubai

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  24. 7–11 Jun 2027

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  25. 14–18 Jun 2027

    London

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  26. 21–25 Jun 2027

    Barcelona

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  27. 5–9 Jul 2027

    Frankfurt

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  28. 12–16 Jul 2027

    Istanbul

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  29. 19–23 Jul 2027

    London

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  30. 26–30 Jul 2027

    Barcelona

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  31. 2–6 Aug 2027

    Barcelona

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  32. 9–13 Aug 2027

    Frankfurt

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  33. 16–20 Aug 2027

    Kuala Lumpur

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  34. 23–27 Aug 2027

    London

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  35. 6–10 Sep 2027

    Frankfurt

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  36. 13–17 Sep 2027

    London

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  37. 20–24 Sep 2027

    Barcelona

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  38. 4–8 Oct 2027

    Munich

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  39. 11–15 Oct 2027

    London

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  40. 18–22 Oct 2027

    Barcelona

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  41. 25–29 Oct 2027

    Frankfurt

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  42. 1–5 Nov 2027

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  43. 8–12 Nov 2027

    Paris

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  44. 15–19 Nov 2027

    London

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  45. 22–26 Nov 2027

    Barcelona

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  46. 6–10 Dec 2027

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  47. 13–17 Dec 2027

    Frankfurt

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  48. 20–24 Dec 2027

    Rome

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  49. 27–31 Dec 2027

    London

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Online / Live sessions

  1. 7–11 Dec 2026

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  2. 14–18 Dec 2026

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  3. 21–25 Dec 2026

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  4. 4–8 Jan 2027

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  5. 11–15 Jan 2027

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  6. 18–22 Jan 2027

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  7. 25–29 Jan 2027

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  8. 1–5 Feb 2027

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  9. 8–12 Feb 2027

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  10. 15–19 Feb 2027

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  11. 22–26 Feb 2027

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  12. 1–5 Mar 2027

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  13. 8–12 Mar 2027

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  14. 15–19 Mar 2027

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  15. 22–26 Mar 2027

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  16. 5–9 Apr 2027

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  17. 12–16 Apr 2027

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  18. 19–23 Apr 2027

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  19. 26–30 Apr 2027

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  20. 3–7 May 2027

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  21. 10–14 May 2027

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  22. 17–21 May 2027

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  23. 24–28 May 2027

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  24. 7–11 Jun 2027

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  25. 14–18 Jun 2027

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  26. 21–25 Jun 2027

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  27. 5–9 Jul 2027

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  28. 12–16 Jul 2027

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  29. 19–23 Jul 2027

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  30. 26–30 Jul 2027

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  31. 2–6 Aug 2027

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  32. 9–13 Aug 2027

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  33. 16–20 Aug 2027

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  34. 23–27 Aug 2027

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  35. 6–10 Sep 2027

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  36. 13–17 Sep 2027

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  37. 20–24 Sep 2027

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  38. 4–8 Oct 2027

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  39. 11–15 Oct 2027

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  40. 18–22 Oct 2027

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  41. 25–29 Oct 2027

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  42. 1–5 Nov 2027

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  43. 8–12 Nov 2027

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  44. 15–19 Nov 2027

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  45. 22–26 Nov 2027

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  46. 6–10 Dec 2027

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  47. 13–17 Dec 2027

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  48. 20–24 Dec 2027

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  49. 27–31 Dec 2027

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Introduction

Course overview

When a business faces falling sales, mounting losses or a liquidity crisis, the decisions taken in the first weeks often determine whether it recovers or fails. Finance professionals are at the centre of these situations, responsible for understanding the true financial position, protecting cash and supporting negotiations with lenders and other stakeholders.

This Restructuring and Turnaround Finance training course provides a practical framework for diagnosing financial distress, stabilising liquidity and developing a credible turnaround plan. Participants learn to build short-term cash flow forecasts, assess viability, evaluate operational and financial restructuring options and understand the role of creditors, investors and insolvency procedures.

The course draws on case studies of successful and unsuccessful turnarounds to highlight the leadership, communication and governance challenges that accompany financial recovery.

View full course outline

What you will achieve

Learning objectives

  • Recognise the early warning signs and root causes of corporate financial distress
  • Build and manage a thirteen-week cash flow forecast
  • Implement immediate liquidity protection and cash generation measures
  • Assess business viability and develop a turnaround plan
  • Evaluate operational restructuring options and their financial impact
  • Understand debt restructuring, refinancing and new money options
  • Engage lenders, suppliers, employees and shareholders during restructuring
  • Understand the role of formal insolvency and restructuring procedures

Who should attend

Target audience

  • Finance directors and financial controllers
  • Treasury and cash management professionals
  • Corporate finance and restructuring advisors
  • Bank workout and recovery officers
  • Investors and board members
  • General managers of underperforming businesses
  • Accountants and auditors working with distressed companies

Methodology

Learning approach

  • The course uses a progressive turnaround simulation in which participants take charge of a distressed company. They analyse its financial position, build a thirteen-week cash flow, design stabilisation actions, develop a restructuring plan and negotiate with stakeholders, supported by short expert briefings and real-world case studies.

Complete course outline

Five focused days of learning and application

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Day 1

Diagnosing Financial Distress

  1. Stages of Decline: From underperformance to crisis
  2. Root Causes: Strategy, operations, financial structure and management
  3. Early Warning Indicators: Financial and non-financial signals
  4. Rapid Financial Assessment: Profitability, liquidity and solvency review
  5. Coffee break
  6. Rapid Financial Assessment: Profitability, liquidity and solvency review (continued)
  7. Directors' Duties in Distress: Governance and legal responsibilities
  8. Stakeholder Mapping: Lenders, suppliers, employees, customers and shareholders
  9. Case Study: Diagnosing a company in early financial distress

Day 2

Cash Is King: Stabilisation

  1. The Thirteen-Week Cash Flow Forecast: Structure and assumptions
  2. Cash Control: Payment committees and approval of all outflows
  3. Working Capital Release: Receivables, inventory and payables actions
  4. Non-Core Asset Disposals: Raising cash quickly and responsibly
  5. Coffee break
  6. Non-Core Asset Disposals: Raising cash quickly and responsibly (continued)
  7. Stopping Losses: Exiting unprofitable products, contracts and sites
  8. Communicating During Stabilisation: Maintaining confidence
  9. Practical Exercise: Building a thirteen-week cash flow and stabilisation plan

Day 3

Viability and the Turnaround Plan

  1. Assessing Viability: Is there a sustainable core business?
  2. Strategic Options: Fix, sell, merge or close
  3. Operational Restructuring: Cost, footprint, portfolio and organisation changes
  4. Building the Business Plan: Credible forecasts and sensitivities
  5. Coffee break
  6. Building the Business Plan: Credible forecasts and sensitivities (continued)
  7. Funding Requirements: Quantifying the gap
  8. Independent Business Reviews: What lenders expect to see
  9. Workshop: Developing the turnaround plan for the case company

Day 4

Financial Restructuring

  1. Capital Structure Review: Sustainable debt levels
  2. Debt Restructuring Tools: Standstills, reschedules, write-downs and conversions
  3. New Money: Rescue finance, equity injections and asset-based lending
  4. Creditor Dynamics: Priorities, security and inter-creditor issues
  5. Coffee break
  6. Creditor Dynamics: Priorities, security and inter-creditor issues (continued)
  7. Formal Procedures: Overview of rescue and insolvency processes
  8. Valuation in Restructuring: Going concern and liquidation values
  9. Negotiation Simulation: Agreeing a standstill and restructuring term sheet

Day 5

Leading the Recovery

  1. Turnaround Leadership: Speed, decisiveness and credibility
  2. Managing People Through Restructuring: Communication and retention
  3. Programme Management: Tracking turnaround initiatives
  4. Rebuilding Financial Controls and Reporting
  5. Coffee break
  6. Rebuilding Financial Controls and Reporting (continued)
  7. Restoring Growth: Moving from survival to sustainable performance
  8. Lessons from Turnarounds: Success factors and common mistakes
  9. Final Presentation: Turnaround and financing plan to the board and lenders

Ready to book?

Restructuring and Turnaround Finance

Next session: 7 - 11 December 2026, Frankfurt

Course FAQs

Questions about this course

What participants and training managers usually ask before booking Restructuring and Turnaround Finance. Can't find your answer?

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What does Restructuring and Turnaround Finance (AF-066) cover?

This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.

When is the next available session?

The next scheduled session starts on 14 - 18 December 2026. See the course schedules section for the available dates and delivery formats.

Who should attend this course?

Finance directors and financial controllers, Treasury and cash management professionals, Corporate finance and restructuring advisors

Is bilingual course delivery available?

Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.

How can I register for a session?

Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.

Is this course available online as well as classroom-based?

Check the course schedules section for currently published classroom and Online / Live sessions.

Where are classroom sessions delivered?

Current classroom venues include London, Barcelona, Frankfurt, Rome, Vienna, Amsterdam, Cape Town, Dubai, Istanbul, Kuala lumpur, Munich, Paris.

How long is the training programme?

The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).