{"id":6009,"date":"2012-07-20T12:49:51","date_gmt":"2012-07-20T12:49:51","guid":{"rendered":"https:\/\/www.financial-fluency.co.uk\/?page_id=6009"},"modified":"2019-10-10T23:34:08","modified_gmt":"2019-10-10T22:34:08","slug":"practice-management-succession-planning-for-accountants","status":"publish","type":"page","link":"https:\/\/www.financial-fluency.co.uk\/online-learning\/practice-management\/practice-management-succession-planning-for-accountants\/","title":{"rendered":"Practice Management: Succession Planning for Accountants"},"content":{"rendered":"

Online Course on Succession Planning for Accountants\"Practice<\/h2>\n

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\u2019s eyes.<\/p>\n

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?<\/p>\n

\"\"<\/a>\"buy<\/a><\/p>\n

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.<\/p>\n

This course is part of a series of courses based on the IFAC Guide to Practice Management for Small and Medium Sized Practices<\/b> and has been produced with the permission of IFAC.<\/p>\n

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.<\/p>\n

Succession Planning enables you to:<\/h3>\n

\u2022\tDevelop a succession plan
\n\u2022\tValue their firm
\n\u2022\tUnderstand the procedures of an internal succession
\n\u2022\tUnderstand the options of shared ownership<\/p>\n

Learning outcomes<\/h3>\n

Understanding succession planning<\/strong>
\n\u2022\tSuccession planning for the sole practitioner
\n\u2022\tDeveloping your succession plan
\n\u2022\tYour future purchaser
\n\u2022\tPreparing for your succession plan
\n\u2022\tSelecting your succession option
\n\"SPA<\/a><\/p>\n

Valuation methodologies<\/strong>
\n\u2022\tValuation of your firm
\n\u2022\tIncorporating external factors
\n\u2022\tValuation methods
\n\u2022\tCapitalization of future maintainable earnings
\n\u2022\tCapitalization rate
\n\u2022\tDiscounted cash flow
\n\u2022\tRule of thumb
\n\u2022\tNet book value
\n\"SPA<\/a><\/p>\n

Shared ownership or sale of firm?<\/strong>
\n\u2022\tOptions for shared ownership
\n\u2022\tThinking about shared ownership
\n\u2022\tPartnerships and mergers
\n\u2022\tConsolidation
\n\u2022\tSale of firm
\n\u2022\tSale of fee parcel
\n\u2022\tProgressive sell-down
\n\"SPA<\/a><\/p>\n

Internal succession plans and exit considerations<\/strong>
\n\u2022\tInternal succession
\n\u2022\tAdmission of new partners
\n\u2022\tBuyout by existing partners
\n\u2022\tExit considerations
\n\"SPA<\/a><\/p>\n

Putting in to practice<\/strong>
\nThis module helps you put the learning from this course in to practice in your firm.
\n\"SPA<\/a><\/p>\n

Target audience for Succession Planning for Accountants<\/h3>\n

This course is suitable for all accounting professionals looking to leave their practice.<\/p>\n

Register now for free module<\/h3>\n

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:<\/p>\n

\"\"<\/a><\/p>\n

Please review our Frequently Answers Questions<\/a> (FAQs) for answers to the most common questions we receive (opens in a new window).<\/p>\n

<\/div>\n

\"\"<\/a><\/p>\n

 <\/p>\n

<\/a><\/p>\n

\"4\"Financial
\n 
\nUse promo code FF101<\/strong><\/font> at checkout to receive the Financial Fluency special price<\/em>
\nUse promo code FF20<\/strong><\/span> at checkout to receive \u00a3100 discount on 5 or more courses<\/em><\/p>\n <\/p>\r\n

<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":13,"featured_media":0,"parent":4365,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"pagetemplate2.php","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/6009"}],"collection":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/comments?post=6009"}],"version-history":[{"count":26,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/6009\/revisions"}],"predecessor-version":[{"id":17090,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/6009\/revisions\/17090"}],"up":[{"embeddable":true,"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/pages\/4365"}],"wp:attachment":[{"href":"https:\/\/www.financial-fluency.co.uk\/wp-json\/wp\/v2\/media?parent=6009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}