About CTP Accreditation
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. In 2010, TMA Australia launched the first phase of its two-part CTP accreditation for the Australian market – the Certified Turnaround Analyst (CTA). The second phase for Certified Turnaround Profeesionals (CTP) will shortly be available to those who wish to apply.
Honorary Certified Turnaround Professionals – In November 2013, TMA Australia was proud to award honorary CTP status to – Gwyn Morgan (Westpac), Rick Drury (NAB), Adrian Loader (Allegro Funds), Lachlan Edwards (Faraday Associates) and John Nestel (Faraday Associates). Those who hold the CTP accreditation have demonstrated their knowledge, integrity and experience in the corporate turnaround and restructuring profession.
Honorary Certified Turnaround Practitioners
- Have held multiple leadership roles assisting financially distressed companies through turnarounds, restructuring and/or bankruptcies
- Has technical mastery of the legal, financial and management aspects of a turnaround/restructure
- Abides by the Code of Ethics that specifies the high standards of professionalism, integrity and competence
Certified Turnaround Analyst (CTA)
CTA accreditation is achieved through successfully completing three individual courses equivalent to postgraduate level university subjects, that have been developed in collaboration with the University of Technology Sydney (UTS). CTA designation evidences an individual’s commitment to turnaround & corporate renewal, and attests to a level of expertise. Graduates can apply to become a CTP by demonstrating agreed levels of turnaround experience.
Certified Turnaround Professional (CTP)
CTP accreditation is the highest accreditation a turnaround professional can achieve. Qualified CTA’s wishing to become a CTP must demonstrate an agreed level turnaround experience, provide references and comply with the prescribed Code of Ethics. CTP must continue to comply with the prescrived Code of Ethics, and meet continuing professional education requirements.
Become a CTA
The CTA Certification Programme
The Certified Turnaround Analyst (CTA) program has been developed with the support of University of Technology Sydney (UTS) for the Australian market to offer corporate professionals solid foundations to operate successfully in the turnaround industry.
The CTA program is the first of its kind in Australia and develops skills in leadership, legal and accounting aspects for turnaround situations. The CTA designation requires the completion of 3 courses:
- Strategic Management for Turnaround
- Accounting for Turnaround
- Law for Turnaround
Each course is approx. 40 hours in duration and is equivalent to a Postgraduate level University subject.
Qualified CTA’s wishing to become a CTP will be asked to demonstrate a required amount of turnaround experience, provide references, comply with the prescribed Code of Ethics and meet the continuing professioinal education requirements in order to maintain their CTP credentials.
The University of Technology
All courses are prepared and presented by leading academics from the UTS Faculties of Business and Law and also utilises industry experts as guest speakers and lecturers.
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.
2019 course dates
The TMA website list dates for upcoming courses – here. Alternatively, view course dates and information via the UTS website – here.
Strategic Management for Turnaround
This course helps bring greater strategy to your Turnaround industry process
Advanced Turnaround Thinking
This course investigates how leaders fix troubled companies utilising real life Australian and international case studies including interviews with leading Australian turnaround practitioners and corporate bankers. Whilst it has deep academic underpinnings it is a highly practical course which uses field-tested frameworks and models that help show a step by step approach to leading turnarounds.
During this 3 day, intensive Executive Certificate Course, the facilitators will, discuss and use a range of exercises that will help you to better understand your own leadership style and recognise how to modify your style as the turnaround develops.
The program is enhanced with specialist presentations provided by leading industry practitioners.
Topics include:
- Implications of a turnaround
- Early warning signs of decline and failure
- Facing up to the leadership challenges
- The turnaround framework: The 7 key competencies
- Five stages that proceed successful turnarounds
- Crisis stabilisation and control
- Identification and management of stakeholders
- Addressing the strategic imperatives
- Driving change in business processes
- Financial restructuring and the role of experts
- Contemporary legal issues regarding turnaround in Australia
- Professional standards for the turnaround practitioner
Cost:
$2395 + GST per module
15% discount for 3+ enrolments from the same company
10% discount for UTS Alumni & TMA Australia members
(Early bird discounts also apply)
Law for Turnaround
Law for Turnaround is a specialist course for those working in the turnaround industry.
Law for Turnaround is a specialist course for those working in the turnaround industry. This 3 day course examines the legal issues involved with restructuring financially distressed companies.
Participants will gain knowledge on the legal issues that arise in contract, corporate, finance, taxation and property law during a turnaround. All of these aspects are relevant for developing a legally effective corporate re-organisation for distressed companies prior to the formal insolvency process.
The course provides the essential knowledge to help turnaround professionals understand the legal framework which affects every aspect of their role.
An interactive style of teaching with practical exercises is used to help ensure a greater understanding and the program is enhanced with specialist presentations provided by leading industry practitioners
Topics include:
- Legal issues for turnaround managers
- Commercial law issues for turnaround managers
- Corporate regulation
- Tax and valuation issues
- Identifying financial distress
- Pre-restructuring issues
- First steps – negotiating with shareholders
- Developing a restructuring plan
- Dealing with major lenders
- Securing key contracts
- Dealing with major creditors
- Case studies
Cost:
$2395 + GST per module
15% discount for 3+ enrolments from the same company
10% discount for UTS Alumni & TMA Australia members
(Early bird discounts also apply)
Accounting for Turnaround
The accounting process for Turnaround presents unique financial circumstances to businesses
Accounting for Turnaround provides familiarity with the accounting processes and conventions essential to reviewing and managing business activities, especially those involved with the management of a firm being re-organised.
This 3 day course builds an understanding in accounting and uses the knowledge and concepts to create an awareness of how value is created within an underperforming business. The course provides case studies on Australian and international corporations examining why they have collapsed whilst others have been revived.
On completion, participants will understand the methods used by accountants to prepare statements; review business operations using financial statement analysis tools to explore and explain changes in the operating, investing and financing activities of the firm; through to applying various Business Valuation technologies for workouts and turnarounds and to understand the issues arising in their application in a turnaround context.
Topics include:
- Information for decision making
- Building & using an integrated model
- Determining funding solutions
- How to fund a turnaround
- How to raise money
- Financial statement ratios and value drivers
- Forecasting
- Valuation methods – different perspectives
- Credit analysis
- Reorganisation strategies
- Reporting by entities in reorganisation
Cost:
$2395 + GST per module
15% discount for 3+ enrolments from the same company
10% discount for UTS Alumni & TMA Australia Members
(Early bird discounts also apply)
For more information please email: info@turnaround.org.au
or visit the UTS website – CLICK HERE
Become a CTP
The Certified Turnaround Professional (CTP) designation was introduced in 1993 as an objective measure of the experience, knowledge and integrity that is necessary to conduct corporate renewal work. The TMA Certification Program establishes quality standards for an otherwise unregulated profession.
WHY IS CERTIFICATION IMPORTANT?
The CTP designation provides evidence of an individual’s commitment to the turnaround and corporate renewal industry and attests to a level of expertise that non-certified professionals may find difficult to prove. Completing the CTP accreditation process provides a corporate renewal professional with a solid foundation to operate successfully in the industry and could enhance future earning power.
WHY BECOME CERTIFIED?
- Demonstrate your commitment, competency and expertise in the corporate renewal industry
- Distinguish yourself from your professional colleagues
- Raise your stature in the corporate renewal industry and gain a competitive edge
- Promote the professionalism of the turnaround and corporate renewal industry
HOW TO BECOME CERTIFIED
To become a CTP, professionals must meet stringent standards of education, experience and professional conduct that have been developed and are administered by the TMA Standards Subcommittee.
The certification process involves the following steps:
- Application Portfolio – Meet experience requirements and submit completed portfolio
- CTP Exams – Successfully complete three CTP exams covering Law, Management and Accounting/Finance
- TMA Standards Subcommittee Review – Receive notification of eligibility upon thorough review by the subcommittee
The path to becoming certified is often rigorous and challenging, but earning the CTP designation is significant – a demonstration of the highest level of professional achievement and commitment – and a source of pride and personal accomplishment.
WHO CAN BECOME CERTIFIED?
The Certification Oversight Committee and TMA endorse the principles of equal opportunity. Eligibility criteria for examination and certification under the TMA Certification Program are applied equally to all applicants, regardless of age, race, colour, religion, gender, sexual orientation, gender identity, ancestry, national or ethnic origin, veteran status, or disability.
Participation in the TMA Certification Program is voluntary and open to anyone meeting the eligibility requirements.
TMA Australia membership is a requirement.
TMA offers two designations: the Certified Turnaround Professional (CTP), intended for seasoned practitioners, and the Certified Turnaround Analyst (CTA), a knowledge based certification that is able to serve as an interim step to obtaining full certification for individuals who have not yet acquired the necessary experience.
CTPs have a proven track record and years of experience in working with companies or large business units that are in financial crisis. CTPs must be or must have held positions such as, but not limited to, turnaround practitioners, consultants, workout lenders, or lawyers and must demonstrate competency in the legal, financial and management aspects of a turnaround.
CTAs meet both the educational and professional endorsement requirements of certification, yet they have not yet acquired the requisite experience for full certification. Applicants who are recent university graduates or who are working in the corporate renewal profession, but have not yet acquired all of the necessary leadership experience are encouraged to pursue the CTA certification.
In general, CTPs are comprised of the following groups of professionals:
- Turnaround practitioners
- Workout lenders
- Portfolio managers
- Corporate turnaround executives
- Industry veterans who have significantly contributed to the turnaround and corporate renewal industry and have demonstrated through their practice a high degree of technical and practical knowledge