Programs & Courses

Accounting for Business Growth and Transition

Bookkeeping and Accounting, Succession & Estate Planning

By: Evelyn Jacks, Jenifer Bartman

Accounting for Business Growth and Transition

PROGRAM: Succession and Estate Planning

It’s evident that an accounting department has an important day-to-day role to fulfill, but there is much more that can be done to help a company be successful.  In the case of growing companies, it’s critical to understand where the business is at, the resources it needs to support future growth, potential gaps, and how they could be addressed.

COURSE OVERVIEW: This course includes a range of topics that might be encountered during the evolution and growth of a company.  Those who work in the accounting field have an opportunity to proactively obtain an understanding of these areas and put the necessary pieces in place so that growth initiatives and transition will be less onerous when the time comes.  At the end of the day, providing real value is what accounting departments should strive to achieve; generating benefit well beyond the numbers.

WHAT’S NEW:  The focus of this course is to help accounting departments recognize the value they can add to the business at large, creating the opportunity to proactively plan and take action to do so.  Learn about key areas that add value, including:

  • Steps an accounting department can take to have the necessary financial records and results on hand in advance of a business transition
  • Understanding the due diligence process, what buyers and sellers need, and how to achieve a managed result
  • How to support a business leader prior to, during, and after a transition
  • Understanding the strategic mindset so often displayed by business leaders and how the accounting function can take steps to add value, in both day-to-day operations and times of transition

CONTENT DESCRIPTION AND KEY CONCEPTS: This course addresses a range of areas that might be encountered during the evolution and growth of a company.  Topics include organizational structures, consolidated financial statements, foreign exchange, due diligence requirements, and approaches for structuring a business transition.  In addition, those who work in the accounting function will gain an understanding of how to take a leadership role in creating a value centered department that could help to support the growth and development initiatives that occur over the lifecycle of a business.

CERTIFIED SKILLSETS: The student will:

  • Understand how growth in a company could impact the accounting function
  • Understand how to work with the technical areas that could arise as a result of expanded operations, including consolidated financial statements and foreign exchange
  • Understand the due diligence process and the financial information to be accumulated and assessed in evaluating the purchase of a business
  • Identify and accumulate the information typically provided when a business is sold
  • Gain an awareness of the general ways in which ownership and management of a business could transition, including family succession, employee succession, and sale of either assets or shares
  • Understand how an accounting function could be enhanced to provide value beyond it’s typical day-to-day role, including in times of growth and transition

Quizzes, Case Studies and Practice Management Thesis: Exam and Marking Guide: Chapters end with multiple-choice and true-to-life scenarios found online which test the practical application of the key concepts covered in the course. Actual time spent is influenced by factors such as the student's background and individual learning style.

KNOWLEDGE BUREAU TOOLS INCLUDED:

  • EverGreen Explanatory Notes
  • Knowledge Bureau Calculators
    • Financial Assessment Calculator
    • Income Tax Estimator
    • Marginal Tax Rate Calculator
    • Investment Income Calculator
    • Cash Flow Calculator
    • Registered vs. Non-Registered Calculator
    • Fixed vs. Variable Income Calculator
    • Tax-Efficient Retirement Income Calculator

MARKS ALLOCATION:

Quizzes 50%
Case Studies 25%
Final Exam 25%
Passing Grade 60%
Honours Achievement 90%

 


CE Credits

CE Credits
Knowledge Bureau 30 CPE credits

Table of Contents

Chapter 1:
Introduction to Organizational Structures
Chapter 2:
Consolidated and Combined Financial Statements
Chapter 3:
Foreign Currency Transactions
Chapter 4:
Purchase of a Business: Due diligence requirements
Chapter 5:
Sale of a Business: Information buyers want
Chapter 6:
The Sale of Assets
Chapter 7:
The Sale of Shares
Chapter 8:
Business Succession
Chapter 9:
Tax Planning in Succession
Chapter 10:
The Role of a Value Centered Accounting Function

What Graduates Say

I would recommend this course to a friend. I find this course very useful especially for those who serve the small business owners. The thing I liked best about this course was that there are many small cases and examples which really help me understand the concepts. Maria C., ON