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Secure Transaction CPA Firm Mergers and Acquisitions
Format
Self-Study
Course Level
Overview
CPE Credits
3 Credits: Finance
Course Description
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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- 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.
Course Specifics
SS324372379
February 13, 2024
There are no prerequisites.
None
60
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …
QAS Self-Study
