CPA Firm Mergers and Acquisitions FLEXCAST
Available Until
Your Desk
3.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
One of the key events in the life of a CPA is selling one’s practice. This one-time event is fraught with issues that could severely impact one’s retirement. In the CPA Firm Mergers and Acquisitions course, we cover a multitude of issues related to selling one’s practice, including how a valuation is formulated, which points deserve in-depth negotiation, how to transition clients to the successor, how to plan for a succession event, and how to increase the value of one’s firm.
Highlights
Overview of CPA firm mergers and acquisitions. Firm valuations - general factors. Ways to build firm valuation. Timing of the merger or acquisitions event. Buyout negotiation points. Types of mergers. Due diligence. Succession planning. Ensuring successful client transitions.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting managers.
Objectives
Describe what is required for a successful merger transaction. Explain the circumstances under which a CPA firm may need to sell out, acquire, or merge with another firm. Specify the metrics that could be of interest when evaluating a merger or acquisition candidate. Identify the reasons for structuring an acquisition to look like a merger. Describe the reasons for the various due diligence activities. Explain the circumstances under which the financial viability of a buyer can be harmed. Specify the methods commonly used to value a firm for an internal sale. Describe the best funding method to support an internal sale. Describe the actions that can be taken to build a CPA firm’s brand with clients. Specify the most important criteria to use when searching for a successor. Identify the circumstances under which succession planning can fail. Identify the different forms of training and other forms of support that can be given to employees. Describe the clauses in a partnership agreement that relate to the financial viability of the firm.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $113.00
Member Price $98.00