THE CPA’S ROLE IN NEGOTIATING LOAN COVENANTS

David Osburn

Osburn & Associates, LLC

Monday, March 08, 2021 | 12:00 PM EST

  • CPA
  • CPA(Canada)

Credits: 2 CPE

$20

Subject Area

Accounting

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Course Description

It has been observed that the banks have been very strict with their rules in 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 as to how a CPA can gain key knowledge about the construction of the covenants and the power to negotiate the same. The webinar covers the following key topics:

Key Topics:

  • 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

CPAs, CFO/controllers, financial managers, auditors, financial analysts and practitioners who provide accounting, tax or consulting services to businesses

Learning Objectives

  • To review financial covenants including what is a covenant and why are they used
  • To explore 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 recover the institution’s recourse when a covenant has been broken
  • To utilize case studies to summarize the webinar ideas

Who Should Attend?

  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Young CPA
  • Senior Accountant
  • Accounts Director
  • Staff of Accounting Firm