April 2018
Beginner
768 pages
20h 9m
English
Content preview from Accounting All-in-One For Dummies, with Online Practice, 2nd Edition
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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.
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