A forum for answering technical questions posed to finance course trainers from Financial Training Associates
Training provider FTA Ltd has announced the development of a new range of CPD courses.
FTA specialises in CPD training courses for lawyers, accountants, bankers, finance and other professionals.
According to Jo Smith, business development director, the new grouping of courses has been developed in response to recent customer demand.
“We have a large range of courses, but we find that law and accountancy customers regularly enquire about some of those more than others.”
We thought it made sense to group some of our most popular courses in one place on a special CPD website, so that’s what we’ve done now”
Details of FTA’s new courses are available at http://www.cpd-courses.org.
FTA Ltd is a specialist training company providing CPD courses for law, accountancy, finance, banking and other professionals.
Qualified solicitors and legal professionals are required to undertake CPD (continuous professional development). CPD requirements are determined by the SRA (Solicitors’ Regulation Authority), with the CPD year running to 31 October. Solicitors are encouraged to assume responsibility for their own development by choosing from a wide range activities relevant to their professional responsibilities and personal development. All solicitors who in legal practice or employment, or who work 32 hours or more per week, are required to complete a minimum of 16 hours’ CPD per year. At least 25 per cent of the requirement must be met by participating in courses that are offered by providers authorised by the SRA and which require attendance for one hour or more.
For more on law CPD points requirements click here:
· Law CPD
For more on CPD hours requirements for other professions, click here:
· CPD points.
Legal CPD course provider accredited for the legal profession
Financial Training Associates is accredited with the SRA as a CPD training provider for the legal profession. The company offers an extensive range of introductory, intermediate and specialist courses which can be delivered at a location to suit. Financial Training Associates' courses are regularly reviewed and revised to ensure they take account of latest developments, utilising experienced professional trainers who are experts in their field.
CPD training courses for solicitors
Financial Training Associates has developed a new CPD accredited course for lawyers titled: “negotiating the big issues in transaction agreements”. The course examines the commercial impact of key negotiations attached to company sales and acquisitions. The programme is designed as a forum where solicitors can comfortably practice debating the main value items in transactions.
Click here for more information regarding FTA's CPD training courses:
Accredited CPD course provider FTA Ltd considers key points when negotiating one of the big issues for transactions: working capital.
Big issues for legal and other professionals: working capital
When purchasing a business a buyer might do all they can to identify financial data which enhances their position. As part of due diligence, the buyer’s accountants might use financial figures to argue that the target business has higher than expected working capital requirements.
Lawyers and other advisers: what’s the impact?
What’s the impact on negotiations? Put simply, identifying higher than expected working capital requirements gives the purchaser all the ammunition they need to try and reduce their asking price.
The buyer may argue that the seller has mis-represented the working capital requirements for the business. The buyer might argue that it is raising all the debt it possibly can as part of the purchase. The buyer has to keep some debt facilities in reserve to fund the unexpectedly high forecast working capital requirements.
With the new information, it appears that not all of the debt raised can be paid out to the seller. The seller is presented with a last minute price reduction: a last minute price “chip”. If the seller has been dealing exclusively with one buyer, and other potential buyers have left the process, the seller may feel they have little option but to accept.
The “big issues” CPD course
On FTA’s “Big Issues” seminar, delegates identify businesses with potentially low and potentially high working capital requirements: the ones where the working capital requirement might become a big issue.
Participants talk about the impact on negotiations, and break into groups to come up with a few suggestions for each side. Buyers will want to argue for high working capital requirements. What sources of information might be useful to them? What kind of time period should they look back over? What about looking forward?
Sellers know that a buyer could argue for high working capital requirements. How could a seller prepare for the debate? Is “do nothing” ever an option? What information could the seller helpfully release in advance? What different opportunities are provided during the process? What kind of buyers might the seller want to gravitate towards?
Accredited CPD training course provider FTA's “negotiating big issues” CPD course is designed to appeal to professionals working in law or accountancy, as well as other commercial managers responsible for negotiating transactions. While popular with The Law, this CPD course is regularly attended by a mix of participants from accounting, corporate finance, general advisory and commercial disciplines.
Click here for more information regarding FTA's CPD training courses: