Preparation of a Remediation Report
Niveau
3rd semester Master: 1st Study cycle
Learning outcomes of the courses/module
The students:
• know the essential contents of the German IDW ES 6.
• know the requirements of the Austrian going concern forecast.
• know how to prepare an expert opinion according to the regulations of the IDW ES 6.
• know the crisis phases according to the German IDW ES 6 and can describe them.
• know what a liquidity forecast is and can prepare it.
• know how to implement a sustainable corporate restructuring.
• know the differences of the expert opinion requirements in Germany and Austria.
• know the essential contents of the German IDW ES 6.
• know the requirements of the Austrian going concern forecast.
• know how to prepare an expert opinion according to the regulations of the IDW ES 6.
• know the crisis phases according to the German IDW ES 6 and can describe them.
• know what a liquidity forecast is and can prepare it.
• know how to implement a sustainable corporate restructuring.
• know the differences of the expert opinion requirements in Germany and Austria.
Prerequisites for the course
3rd semester Master: no details
Course content
• Different approaches of applied restructuring appraisals
• Restructuring ability & worthiness
• Structure of a restructuring appraisal (description of the crisis stage, sustainability of the business model, integrated planning, planned restructuring measures etc.)
• Special features of liability law from the expert's point of view
• Controlling of the implementation measures
• Restructuring ability & worthiness
• Structure of a restructuring appraisal (description of the crisis stage, sustainability of the business model, integrated planning, planned restructuring measures etc.)
• Special features of liability law from the expert's point of view
• Controlling of the implementation measures
Recommended specialist literature
Crone, A., & Werner, H. (Hrsg.) (2024). Modernes Sanierungsmanagement: Drei Sanierungsoptionen im Überblick: Außergerichtliche Sanierung, StaRUG und Insolvenz als Sanierungsinstrument. München: Vahlen.
Exler, M. W., & Situm, M. (2025) (Hrsg.). Restrukturierungs- und Turnaround-Management: Strategien, Erfolgsfaktoren und Best Practice für die Transformation. Berlin: Erich Schmidt Verlag.
Feuchtinger, G., Lesigang, M., & Prior, M. (2023). Praxisleitfaden Insolvenzrecht. Wien: Linde Verlag.
Römermann, V. (Hrsg.) (2021). Praktikerhandbuch der Sanierung und Restrukturierung: Fortentwicklung des Sanierungs- und Insolvenzrechts. Herne: NWB-Verlag.
Sands, J. (2022). Corporate turnaround artistry: Fix any business in 100 days. Hoboken, NJ: John Wiley & Sons.
Tron, A. (2021). Corporate financial distress: Restructuring and turnaround. Bingley, UK: Emerald.
Exler, M. W., & Situm, M. (2025) (Hrsg.). Restrukturierungs- und Turnaround-Management: Strategien, Erfolgsfaktoren und Best Practice für die Transformation. Berlin: Erich Schmidt Verlag.
Feuchtinger, G., Lesigang, M., & Prior, M. (2023). Praxisleitfaden Insolvenzrecht. Wien: Linde Verlag.
Römermann, V. (Hrsg.) (2021). Praktikerhandbuch der Sanierung und Restrukturierung: Fortentwicklung des Sanierungs- und Insolvenzrechts. Herne: NWB-Verlag.
Sands, J. (2022). Corporate turnaround artistry: Fix any business in 100 days. Hoboken, NJ: John Wiley & Sons.
Tron, A. (2021). Corporate financial distress: Restructuring and turnaround. Bingley, UK: Emerald.
Assessment methods and criteria
Exam
Language
German
Number of ECTS credits awarded
5
Semester hours per week
Planned teaching and learning method
The course takes place in dialog with the students. Thanks to their knowledge of Austrian law, they are able to contribute well and to learn using and from the differentiation between the regulations in Austria and Germany. Practical examples make the material to be taught clear and understandable. For the presentation of the special features within the concepts of insolvency as well as over-indebtedness, extensive cases are worked out and discussed with the students, which draw attention to the typical pitfalls.
Semester/trimester in which the course/module is offered
3