Preparation of a remediation report
level of course unit
3rd semester Master: 1st Study cycle
Learning outcomes of course unit
• 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 and co-requisites
3rd semester Master: no details
• 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
recommended or required reading
Behringer, S. (2017) Unternehmenssanierung: Ursachen - Krisenfrüherkennung - Management, Wiesbaden.
Exler, M. & Situm, M., Hrsg. (2019) Restrukturierungs- und Turnaround-Management, Berlin.
Institut der Wirtschaftsprüfer in Deutschland e.V. (2017) Anforderungen an Sanierungskonzepte IDW ES 6 n.F. Düsseldorf.
Faulhaber, P., Landwehr, N. & Grabow, H.-J. (2009) Turnaround-Management in der Praxis, Frankfurt.
assessment methods and criteria
Module exam (out-of-court & in-court reorganization, preparation of a reorganization report)
language of instruction
number of ECTS credits allocated
eLearning quota in percent
planned learning activities and teaching methods
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.
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