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The emerging specialist field of turnaround management – saving companies in distress – is recognised with the continuation of the Turnaround Management Association Program, comprising three Executive Certificate courses presented by the University of Technology, Sydney (UTS) in collaboration with the Turnaround Management Association, Australia (TMAA).
The Turnaround Management Association Program focuses on the key skills areas for restoring value to struggling enterprises and to avoid terminal insolvency. Program participants will develop skills in leadership, legal and accounting aspects for turnaround situations. Each of the three Executive Certificate courses; “Strategic Turnaround Management”, “Law for Turnaround” and “Accounting for Turnaround”, have been developed collaboratively by UTS academics and key TMAA member practitioners. Successful completion will attract subject credits in the UTS MBA program.
UTS is a responsive and progressive university with a strong reputation and important role of providing courses to meet the demands of a changing business environment. UTS has brought new business and professional partners into the higher education arena and, through the use of industry based, practical work and innovative teaching technologies, is challenging traditional approaches to teaching and learning for the professional disciplines.
Administration of TMA Executive Certificates will be provided by accessUTS. accessUTS Pty Ltd is the wholly owned commercial arm of the UTS. The company was established in 2001 and is responsible for the provision of UTS consulting and consultant expertise to government, business, industry and the community. accessUTS draws on skills of academics and consultants to work across a wide range of academic disciplines, providing consulting, expert opinion, laboratory testing and analysis services, tailored training programs and study tours.
The Turnaround Management Association (TMA) is the only international non-profit association dedicated to corporate renewal and turnaround management. Serving as a forum for professionals practicing in the field of turnaround management TMA builds awareness of the benefits of corporate turnaround, promotes business opportunities and fosters the professional development of its members.
TMA Australia has a strong membership base of professionals practicing in turnaround management, law, insolvency, accounting, management consulting, banking, finance and private equity. Committed to the ongoing professional development of the turnaround community TMA Australia has partnered with UTS to deliver this joint program. http://www.turnaround.org.au/ (opens an external site)
The Certified Turnaround Professional (CTP) designation was introduced in the US in 1993 to create an objective measure of the experience, knowledge, and integrity that is necessary to conduct corporate renewal work. Becoming a CTP is a two stage process. Applicants must first qualify as a Certified Turnaround Professional Associate (CTPA) by successfully completing the prescribed CTPA Executive Program and can then apply to become a CTP by demonstrating the agreed level of industry experience. For more information, visit http://www.turnaround.org.au/ (opens an external site).
The CTPA Executive Program of UTS and Turnaround Management Association Australia (TMA) has been developed specifically for Australia to offer corporate renewal professionals a solid foundation to operate successfully in the turnaround industry. CTPA designation will provide graduates of the program with the evidence of an individual’s commitment to the turnaround and corporate renewal.
The CTPA Executive Program is the first of its kind in Australia and will develop skills in leadership, legal and accounting aspects for turnaround situations providing practitioners with the skills to assist companies to recover and avoid insolvency.
The program comprises a suite of three Executive Certificate Courses each providing a holistic solution for practitioners in one of three discrete areas of turnaround operations:
The entire course is of approximately ninety hours duration, and is the equivalent of a postgraduate level university subject. There is assessment for each of the programs and upon successful completion. The Strategic Management course attracts a one subject credit in the UTS MBA program. All courses are prepared and presented by leading academics from the UTS Business School and Faculty of Law and utilises industry experts as guest speakers.
All Turnaround professionals including – bankers, restructuring lawyers, insolvency practitioners, management consultants, interim managers, private equity players, management accountants and entrepreneurs.
As Australia's premier industry aligned university, UTS has strong links with both local and national industries to ensure that discipline specific, tailored industry courses - such as these, offer practitioners a strong combination of theory and best practical experience.
For this initiative, content design and topic identification for each of the three courses was a collaborative process with joint UTS and TMA working parties meeting regularly to develop the framework for each subject area. All three executive certificate programs specifically incorporates all critical elements, and builds onto each of the key topic areas identified by those working parties.
Phone: + 61 2 9514 9720
Post: accessUTS Pty Ltd
PO Box 123 Broadway NSW 2007
Turnaround Management Association
Phone: 1300 042 811