Calendar: Succession Planning Webcast

Succession planning consistently ranks among the top issues facing businesses of all sizes and types. According to a survey conducted by the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA) in 2004, 56 percent of CPA firms have at least one partner retiring in the next five years. Unfortunately, 81 percent of all CPA firms and 96 percent of firms having annual revenues of less than $150,000 do not have a written succession plan.

Over the next two months, PCPS will debut a variety of resources designed to assist CPA firms with their succession planning. The first of these new resources is the webcast “Positioning Your Firm for Successful Transition” scheduled for May 25, 2005. Topics to be addressed include:

  • Dissecting the marketplace.
  • Selecting the right organizational model.
  • Identifying processes and procedures critical to the transition.
  • Issues essential to partner agreements.

“For many of these CPAs [without a succession plan], the practice they have spent years building their most valuable asset as well as their retirement vehicle,” states James Metzler, AICPA Vice President for Small Firm Interests and a member of the webcast panel. “Through the PCPS succession initiative, we will help small firms prepare for the future and manage the transition from one generation of owners to the next.”

For more information on the webcast and CPE credits, visit the PCPS website.

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Upcoming CPE Webinars

Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.
May 1
This material focuses on the principles of accounting for non-profit organizations’ expenses. It will include discussions of functional expense categories, accounting for functional expenses and allocations of joint costs.