Starting a business requires capital, but how do you or your clients determine which funding option is the best fit? Gain the knowledge and tools you need to help your clients make decisions regarding financing sources, prepare necessary financial statements and avoid common pitfalls. You'll gain specific insights into what venture capitalists and angel investors do; how they view potential investments; what kinds of deals they want; and how they ultimately exit as investors. Learn about the investment environment and where to source the capital your clients need, from seed investments and crowdfunding, to expansion investing and later stage mezzanine financing. All these topics will be discussed in the context of the JOBS Act and the Dodd Frank Act.
Additionally, explore how to expand your scope of service beyond tax, preparation, review and compilation by lending your financial expertise to investment firms that need assistance with due diligence projects.
Formerly titled: Dealing with Venture Capitalists
Recognize the historical and current status of the private equity capital market, including venture capital and angel investing.
Determine how to prepare financial proposal packages for funding that meet AICPA standards.
Identify the pros and cons of venture capital, crowdfunding and angel investing in the context of the JOBS Act and the Dodd Frank Act
Identify the changes to AICPA accounting standards that relate to prospective financial statements.
Determine resources to help your clients find the capital they need to start and expand their businesses.
Private equity market: Yesterday and today
What venture capitalists and angel investors look for
Outside funding financial statements proposal
Accounting standards affecting prospective financial statements, preparation, review and compilation
Exit strategies and accounting implications
CPAs, CFOs, board members, controllers for smaller companies, financial advisers, bankers, attorneys and investment analysts.
Advanced Prep: None
Speaker: Dr Richard S. Savich
Field of Study: Accounting & Auditing
CPE Credit: 8 Hours
Meet the Speaker:
Dr. Richard S. Savich, CPA, Ph.D., is president and founder of ABKO Consulting. He has consulted on six continents and in more than 36 countries. His specialty has developed from primarily management accounting to information systems to executive development, with a current emphasis on strategic, long-range financial and personnel planning. Dr. Savich's former positions include National Director of Management Consulting Professional Development and Training with Ernst & Young and Coopers & Lybrand. He formerly served as Chair of the AICPA's Joint Trial Board and was chairman of its Continuing Professional Education Executive Committee. He also has been a member of the Management Consulting Education Task Force and of the Management Consulting Executive Committee. These positions have provided him with the background and experience necessary to help organizations achieve their full potential. Dr. Savich was also on the Board of Trustees for the CalCPA Education Foundation and the Board of Governors of the Inland Empire Chapter of the Institute of Internal Auditors. Dr. Savich is currently in the A. Gary Anderson Graduate School of Management at the University of California, Riverside, Palm Desert Graduate Center on Entrepreneurial Management, where he is an Adjunct Professor and Academic Director of the Executive MBA Program. Formerly, he was on the faculty of the School of Accounting at the University of Southern California. In addition, he has been a visiting professor at several universities, as well as Director of Executive Education at the University of Pittsburgh and Director of Information Systems Programs at the University of Redlands. He has published more than 30 books and articles in various academic and professional journals around the world.