Date Posted: 04/29/2025 Req ID: 42735 Faculty/Division: UofT Mississauga Department: UTM: MMPA Campus:University of Toronto Mississauga (UTM) Description: Course Description: This course aims to study the reasons why some firms find themselves in financial distress, alternative courses of action (including out:of:court and legal options) in response to financial distress, and the role of various stakeholders in the process. Traditional business courses often deal with financially healthy firms. However, failure is an inevitable reality for many businesses. The course intends to: - Help students understand how to diagnose corporate financial distress and analyze internal and external warning signals; - Help students understand the contractual tools used by creditors to monitor borrower performance, their accounting and reporting for problem loans, and likely actions upon violation of covenants; - Help students understand the salient reporting issues that often precede an insolvency filing, such as impairments and going concern opinions; - Help students understand the options available to companies in financial distress, including out:of:court restructuring; - Familiarize students with legal process for reorganizations and liquidations, and understand the accounting, governance, and financial decision:making issues that arise during and after emergence from insolvency; - Expose students to the potentially lucrative area of investing in distressed assets. Course Title:MGT 2261 :Financial Distress, Insolvency and Restructuring Number of positions:1 Estimated course enrollment: 73students Estimated TA support: 120 hours Sessional dates of appointment: July 7, 2025 : August 15, 2025 Salary:52.26 + 4 vacation pay(CUPE dues deducted by accounting officer) Qualifications: :Graduate student in accounting Description of duties: :Marking assignments and exams :Invigilation (where required) Application instructions:Please submit your application by completing the onlineApplication Form. Your resume and transcript are required . Contact information: Nadine Mcharafie, Program Program Office, Innovation Complex, Room 2202 University of Toronto Mississauga 3359 Mississauga Road Mississauga, ON L5L 1C6 Please submit your application no later than the closing date of the job posting. Applications received after the closing date will not be considered.Only applicants who are chosen for a position will be contacted. Closing Date:05/20/2025, 11:59PM EDT ** This job is posted in accordance with the CUPE 3902 Unit 3 Collective Agreement. It is understood that some announcements of vacancies are tentative, pending final course determinations and enrolment. Should rates stipulated in the collective agreement vary from rates stated in this posting, the rates stated in the collective agreement shall prevail. Preference in hiring is given to qualified individuals advanced to the rank of Sessional Lecturer II or Sessional Lecturer III in accordance with Article 14:12 of the CUPE 3902 Unit 3 collective agreement. Please note: Undergraduate or graduate students and postdoctoral fellows of the University of Toronto are covered by the CUPE 3902 Unit 1 collective agreement rather than the Unit 3 collective agreement, and should not apply for positions posted under the Unit 3 collective agreement.