KPMG Friday Mid-Afternoon Chat on ‘Financial Restructuring in Times of Crisis’

Friday, 1 October 2021 00:00 - - {{hitsCtrl.values.hits}}

The KPMG Sri Lanka Academy is presenting the 28th virtual session of its Friday Mid-Afternoon Chat series, with this week’s webinar titled ‘Financial Restructuring in Times of Crisis,’ conducted by KPMG Sri Lanka Principal, Advisory Ajantha Weerasekara.

The financial stresses of the COVID-19 pandemic have extended across every sector of the economy. Previously healthy businesses are suddenly coming under acute financial pressure and not so healthy ones are facing imminent bankruptcy if not for government support. Collections are getting delayed, payments are being pushed by suppliers. And in this equation, companies with poor balance sheet structures, high operational leverage and slow management response time, have faced severe issues.

Most of these companies will not survive without some degree of immediate financial restructuring, coupled with certain medium to long term measures. In the midst of this crisis, some companies are not just surviving, but thriving. There are lessons to be learnt from these companies with respect to their management practices and financial discipline.

This session will briefly explore the concepts of financial restructuring, how companies become distressed, early signs of distress and how to get out of it when you are in distress.

The session is scheduled for 1 October (Friday) from 3 p.m. onwards.

For registrations contact Seneli on 074 061 0783 or [email protected].