The CPA’s Role in Negotiating Loan Covenants

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The CPA’s Role In Negotiating Loan Covenants

Reviewed

January, 2024

David Osburn

Learning Objectives

To review financial covenants including what is a covenant and why are they used.
To discuss the common type of financial covenants including the Current Ratio, Debt to Equity Ratio, and EBITDA formulas.
To evaluate additional financial covenants including those dealing with Fixed-Charge Coverage, Net Worth, and the BBC.
To discuss creating, negotiating, setting, and monitoring financial covenants.
To analyze the institution’s recourse when a covenant has been broken.
To analyze case studies to summarize the webinar ideas.

Course Description

It has been observed that the banks have been very strict with their rules in the arrangement of loan covenants. Breaching or tripping any of the covenants may have a devastating effect on the business.

In this webinar, the speaker provides an in-depth understanding of how a CPA can gain key knowledge about the construction of the covenants and the power to negotiate the same.

Key Topics covered in this Accounting CPE webinar:

Review financial covenants including what is a covenant and why are they used.
Explore the common type of financial covenants including the Current Ratio, Debt to Equity Ratio, and EBITDA formulas.
Evaluate additional financial covenants including those dealing with Fixed-Charge Coverage, Net Worth, and the BBC.
Discuss creating, negotiating, setting, and monitoring financial covenants.
Cover the institution’s recourse when a covenant has been broken.
Utilize case studies to summarize the webinar ideas.

Overview

Common Types of Loan Covenants

24 mins
Personal Cash Flow

48 mins
Global Cash Flow

53 mins
Calculating Financial / Loan Covenants

68 mins
Additional Loan Covenants

81 mins
Creating, Negotiating, Setting, and Monitoring Loan Covenants

98 mins

Webinar Qualifies For

2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
2 CPD Credit of Accounting for CPA in Canada
2 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
2 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
2 CPE Credit of Accounting & Auditing for Certified Management Accountants (CMA)
2 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
2 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
2 PL Credit of Accounting for Chartered Financial Analyst (CFA)
2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
2 CPD Credit for Chartered Accountant - ICAEW
2 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
2 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
2 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
2 CPD Credit for Chartered Accountants - Scotland
2 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
2 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for CPA - Ireland
2 PL Credit of Accounting for CIPM
2 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

David Osburn

Manager, Osburn & Associates, LLC

David is the founder and managing member of Osburn & Associates LLC, a Las Vegas-based business training and contract CFO firm that provides seminars, webinars, keynote speeches, and webinars for various trade groups including CPAs, bankers, attorneys, credit union employees, credit managers, contractors, and business owners. He also provides contract CFO services for financial institutions, medical practitioners, contractors, and real estate developers.

His extensive professional background encompasses over 27 years in banking, finance, and marketing. His bank commercial lending credentials include comprehensive loan underwriting, management, customer development, and loan workout experience.

In addition, David is an Adjunct Professor for Regis University, an accredited MBA program and the College of Southern Nevada (CSN), a community college. He has taught college courses for over 25 years covering Finance, Accounting, Economics, Marketing, Banking, Business Law, and Management.

He earned an MBA in Finance/Marketing from Utah State University and a BS in Finance from Brigham Young University. He is also a graduate of the University of Oklahoma National Commercial Lending School.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

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Rusi Unvala, CPA in Canada

Very good, explains slowly and in detail

2 Credits

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Accounting

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Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

David Osburn

Other Details

Additional Information

2 Hours

Basic

QAS Self Study

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.2

Rusi Unvala, CPA in Canada

Subject Area

Unlimited Access Plan

Inclusions

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