Featured Course: Accounting for Business Transitions

At some time in the lifecycle of a business, the owner/manager must deal with the sale or succession of the business. This course will help you guide your client in making decisions regarding the financial and business issues that arise during these transitions.

"I would recommend this course to a friend. I find this course very useful especailly 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 

PROGRAM: Bookkeeping Services Specialist, Business Services Specialist

At some time in the life cycle of a business, the owner/manager must deal with the sale or succession of the business. Students of this course will receive a working understanding of the business issues involved and be familiar with the financial information that the owner/manager typically requires in making business decisions on the sale or transfer of the business.

COURSE OVERVIEW: This course in the Bookkeeping Services Specialist designation program covers the many special business issues that an owner/manager faces surrounding the life cycle of a business, including: purchase and sale of a business, financing the business, and planning for business succession.

CERTIFIED SKILLSETS: The student will:

• understand how to record and adjust transactions denominated in a foreign currency
• understand the principles involved in preparing consolidated and combined financial statements
• prepare and post journal entries to eliminate inter-company transactions
• be aware of the financial and other 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
• be aware of the general ways in which ownership and management of a business pass, including family succession, employee succession and a sale of either assets or shares, and the issues to be addressed in each

PRACTICE MANAGEMENT THESIS: Formal Case Study. The student will apply the knowledge gained in the course to provide information specific to the sale of a sample company.