Online Course on Succession Planning for Accountants
As professional accountants grow older their thoughts inevitably turn to their exit – not only from the firm, but from practicing accountancy altogether. If you start to consider your departure from business life, you must consider if the firm you have built up will have value in someone else’s eyes.
During your career you have built relationships with clients, helped them, served them and supported them. Yet the question remains will your firm be worth anything to anyone else? And if so, how much and to whom?
A succession plan allows for your orderly exit. This means it is not left to chance and there is a plan in place which gives a degree of comfort to those involved, particularly staff.
This course is part of a series of courses based on the IFAC Guide to Practice Management for Small and Medium Sized Practices and has been produced with the permission of IFAC.
Work through the knowledge and application modules to understand the theory and exchange your ideas with your peers. Then complete the final Putting it into Practice module to create an action plan for your practice.
Succession Planning enables you to:
• Develop a succession plan
• Value their firm
• Understand the procedures of an internal succession
• Understand the options of shared ownership
Understanding succession planning
• Succession planning for the sole practitioner
• Developing your succession plan
• Your future purchaser
• Preparing for your succession plan
• Selecting your succession option
• Valuation of your firm
• Incorporating external factors
• Valuation methods
• Capitalization of future maintainable earnings
• Capitalization rate
• Discounted cash flow
• Rule of thumb
• Net book value
Shared ownership or sale of firm?
• Options for shared ownership
• Thinking about shared ownership
• Partnerships and mergers
• Sale of firm
• Sale of fee parcel
• Progressive sell-down
Target audience for Succession Planning for Accountants
This course is suitable for all accounting professionals looking to leave their practice.
Register now for free module
To purchase a course or to try a free module please register. Registration is free and there is no obligation to purchase. Just click the button below:
Please review our Frequently Answers Questions (FAQs) for answers to the most common questions we receive (opens in a new window).
Buy Succession Planning for Accountants Online Course
Add to cart / basket
Click on the Buy Now or Add to Cart button above to make your purchase via credit or debit card. Your payment will be collected securely via PayPal. Please note that a PayPal account is NOT required to process your payment (simply click on the option to pay via credit or debit card). No surcharge will be levied on card payments for purchases. You will automatically be emailed a receipt after your purchase.
Pay by invoice and bank transfer
If preferred you can pay via bank transfer (BACS / EFT / Online banking).
Please complete the form below and we will send you an invoice with our bank details.
Other relevant information
View cart or checkout
If using our shopping cart, you can view the cart and checkout here.
You will receive 3 or 12 months (depending upon your chosen option) unlimited free access after payment of a one off registration fee.
Length of courses
Each course takes approximately 4 hours to complete.
Once you've completed the course you will be able to claim 4 verifiable CPD hours, if required. CPD points are claimed by the registered user, who can be someone different to the person who pays if required.
VAT will be calculated and added automatically during the checkout process (and before any payment is taken) based on your location.
VAT is applicable at the prevailing rate for customers within the EU. VAT will be added during checkout at the rate applicable to your Country. For customers outside the EU, where UK VAT is non-applicable, the checkout will automatically detect your location and VAT will not be added.
For customers in the Channel Islands please contact us in advance of purchase.
You will be emailed instructions of how to access your course and an activation code within one working day, usually a few hours.
Do you wish to pay in a different currency?
Simply email email@example.com with a list of the courses you wish to purchase and your chosen currency and we will send you an invoice in your desired currency.
Any more questions?
For any questions, please see our frequently asked questions or send an email to firstname.lastname@example.org