Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

Chapter 6

Handling the Financial End of a Business Sale

IN THIS CHAPTER

Focusing on the value of the business

Assembling the buy/sell teams

Preparing financial disclosures and other documentation

Negotiating a price that works for both parties

As an accountant, you’re primarily involved in business operations — keeping the books, balancing the books, auditing, preparing taxes, and so forth. However, you may also be called on when an owner considers selling the business and (less often) when a buyer considers purchasing it. You may be asked to provide insight into what can make the business a more attractive purchase and to prepare the financial disclosures and other accounting documentation that prospective buyers need to perform their due diligence.

When you’re called on to assist with the sale of a business, turn to this chapter for guidance. Here, we explain everything you need to know to fulfill your accounting duties when your employer or client calls on you for advice and assistance in managing the sale of their business.

This chapter is geared toward accountants who assist ...