Corporate Liquidation and Receivership in Nigeria

Learning ObjectivesHaving read this chapter, a reader is expected to be able to: 1. Learn the use of financial analysis in insolvency assessment.2. Use important financial ratios indicating distress. Apply Altman Z-score, cash-flow analysis and sensitivity analysis.4. Assess techniques of valuing a non-performing business (asset-based, DCF, market method).5. Separate liquidation value and going-concern value.6. Determine the application of forensic accounting in insolvency and fraud detection.7. Know the valuation and asset tracing under the Nigerian law.8. Implement financial modelling principles to insolvencies.