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.
Self-Study Course Instructions: FOR DOCUMENT-BASED COURSES Download the course document(s) (below) and follow prompts contained in the document. |
Describe what is required for a successful merger transaction.
Recognize the circumstances under which a CPA firm may need to sell out, acquire, or merge with another firm.
Determine 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.
Recall the circumstances under which the financial viability of a buyer can be harmed.
Steven Bragg, CPA, is the founder of AccountingTools, Inc. He is the author of more than 300 business books and courses, including the best sellers Cost Accounting Fundamentals, The CFO Guidebook, Closing the Books, Payroll Management, and The GAAP Guidebook. He 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. He holds an MBA from Babson College, a Master of Finance degree from Bentley College, and a BA from the University of Maine. He also manages the Accounting Best Practices podcast.
Away from work, Steve has been a two-time president of the Colorado Mountain Club and has climbed five of the seven continental high points, the 100 highest peaks in Colorado, the 100 highest peaks in New England, and all 50 of the state high points of the United States. He has also solo mountain biked the 483-mile Colorado Trail - both ways. He is an expert alpine skier, trail running author of Run the Rockies, and a PADI-certified Master Diver.
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