Author: Steven Bragg

Course Number: FN1028

Learning 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.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Finance

Prerequisites: None

Advance Preparation: None

Latest Review Date:March 2023

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