Legal module:. in the module there will be a presentation of the legal framework disciplining extraordinary operations, with references to decision making procedures and safeguarding of the various subjects involved, and with the help of comparative materials and case histories. The Module will look at the following general themes in detail: a) company transfer (3 lessons) b) conversions (2 lessons): c) mergers (4 lessons); d) demerger: nature and form of demerger (2 lessons); e) winding up and liquidation (2 lessons).
Business appraisal and accounting module: this covers the main methods used by professionals in various situations, as well as the theoretical framework and its limits, and general operating formats. Various issues arising from application of the main appraisal models are looked at. The accounting aspects of extraordinary management operations are analyzed. Summary programme of course: theoretical framework (3 hours), overview of appraisal methods (3 hours), capital cost estimation procedures (3 hours), simple and complex equity methods (3 hours), income methods (3 hours), mixed methods (3 hours), financial methods (7 hours); comparative appraisals: stock exchange multiples method and comparable transactions; appraisal of equity investments, loss-making businesses; premiums and discounts in business appraisals (3 hours). The extraordinary management operations in the development, integration and corporate restructuring strategies (3 hours). Liquidations (3 hours), conversions (3 hours), mergers and demergers (3 hours): economic aspects of business operations; documents and accounting aspects of the operations.