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Accounting Fundamentals for Business Brokers Tag

by Diane LoupeJanuary 26, 2022 Buying a Business0 comments

GABB Class: Recasting Financials and Accounting Fundamentals for Business Brokers, March 1

Jon Roman

Learn how to recast financials and accounting fundamentals in a March 1 class to be taught by Georgia Association of Business Brokers Board Treasurer Jon Roman. 

The class Recasting Financials and Accounting Fundamentals for Business Brokers will be eligible for three hours towards the GABB’s Board-Certified Broker credential, and is eligible for continuing education credit under Course #73934 approved by the Georgia Real Estate Commission. 

This class, which will earn credits towards the Board-Certified Broker Credential, will cover what business brokers need to know about basic accounting as well as how to recast the seller’s financial statements.  Recasting is the accepted accounting principle of removing or adjusting items on a business’s financial statements that are unrelated to the ongoing business. 

Recasting financial statements demonstrates to a buyer the financial results of the business “as if” it was owned by the buyer, taking into account tax-motivated or other discretionary transactions that reduce corporate earnings. Recasting typically involves the adjustment of certain expenses recorded on the income statement of the Company that are considered to be discretionary or non-recurring in nature.

The class will be held on March 1 from 1 p.m.-4 p.m. at the Georgia Association of Realtors classroom: 6065 Barfield Road NE, Atlanta, GA 30328-4402

Or via Zoom (The Zoom link will be provided to enrollees prior to meeting).
 
Students will learn :
  • How to understand different Types of Financial Statements.
  • About the Balance Sheet, Income Statement (Profit & Loss) and the Cash Flow Statement
  • How to recast financials. 
  • How to analyze the EBITDA, or earnings before interest, taxes, depreciation, and amortization
  • How to analyze tax returns and why you must review them. 
In order to receive GREC credit, attendees MUST arrive on time, be on camera for the entire class, pass the end-of-course test, and stay until the end of class.
 
INSTRUCTOR: JON ROMAN is the owner of Transworld Business Advisors of Atlanta Perimeter, an award-winning group of five agents, an office manager and a marketing sales specialist. For nearly 18 years, prior to Transworld, Mr. Roman had helped entrepreneurs to obtain funding when acquiring, selling or franchising businesses. He established, acquired, operated and sold his own businesses for more than 20 years. Mr. Roman is a former commercial banker with experience in a multitude of deals. Throughout his career, Jon financed mergers and acquisitions, business expansions, construction and development projects. He evaluated businesses, built and consolidated financial records and shared opinions regarding business plans, and/or exit strategies. Mr. Roman is a lifetime million-dollar member of the Georgia Association of Business Brokers and is currently serving as the group’s treasurer. Among other qualifications, Jon is a Certified Commercial Investment Member (CCIM), a Certified Exit Planning Advisor (CEPA), a Certified Mergers and Acquisition Professional(CM&AP) and a member of the Entrepreneur’s Organization. He and his family volunteer for Feed My Starving Children and Soldiers’Angels.
 
Registration for the class will close on Feb. 28. Contact Diane Loupe at diane.loupe@gabb.org if you wish to register on Feb. 28. 
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