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ESOP Accounting and Financing

 ESOP Accounting and Financing
CPE Credit

Program Type: Recorded Webinar (Audio, PPT Presentation)
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Accounting
Item Number: 16PEP0804
Shipping Weight: 0lbs. 0oz.
Price: $80.00
Program Description

The aging of the baby boom generation has resulted in a large and increasing number of business owners considering ownership succession and liquidity alternatives. While many business owners will pursue traditional strategies such as a sale to a third-party, a management buyout, or leveraged recapitalization, for some business owners a sale to an employee stock ownership plan (ESOP) will be an attractive alternative. ESOPs impose a legal requirement that the subject company's stock be valued as of the date of the transaction and annually thereafter. In this five-part webinar series, you will learn ESOP basics, valuation, legal, accounting, and finance considerations from a group of the top ESOP professionals in the United States, concluding with a discussion of case studies.

This webinar will review GAAP accounting for the sponsors of leveraged ESOPs, which includes a discussion of ESOP exempt loans, measurement of ESOP compensation expense, and accounting for dividends paid on ESOP shares. This webinar will also discuss and review the common financing tools used to finance ESOP transactions, including senior debt, and seller financing, along with the structure and market terms of those financing options.

Learning Objectives

After completing this webinar, attendees will be able to:

- Identify accounting issues that face ESOP sponsors
- Explain the basic concepts of GAAP ESOP accounting
- Recognize the impact of an ESOP on the sponsor's financial statements
- List sources of ESOP financing
- Analyze structure and terms of ESOP financing sources

Who Should Attend

CEOs, CFOs, CPAs, attorneys, financial advisors/planners, and commercial lenders


Sandy Shoemaker, CPA, CGMA
Ms. Sandy Shoemaker is a partner at EKS&H and leads the ESOP services group. She has been in public accounting since 1990, and has been with EKS&H for more than 18 years. She works with companies on transition planning and focuses on educating executives on ESOP opportunities. Her expertise ranges from feasibility studies, initial ESOP transactions, structuring, and consultation on various accounting issues and audits of ESOPs and ESOP companies.

Kelly Finnell, JD, CLU, AIF
Mr. Kelly Finnell has published 13 articles on the use of ESOPs in ownership succession planning and is the author of one of the most highly acclaimed books on the subject, The ESOP Coach: Using ESOPS in Ownership Succession Planning. Mr. Finnell has spent his entire professional career—more than 30 years—helping small to midsize business owners design and execute succession strategies and ESOPs.

Mr. Finnell is the president of Executive Financial Services, Inc., an ESOP and ownership succession planning consulting firm based in Memphis, Tennessee. Mr. Finnell is a member of the Business Enterprise Institute (BEI), the nation’s leading organization of exit planning professionals; M Financial Group, one of the nation’s leading independent financial services firms; the National Center for Employee Ownership (NCEO); and The ESOP Association.

Mr. Finnell graduated magna cum laude from the University of Memphis and from the University of Memphis Cecil C. Humphreys School of Law, where he was published in The University of Memphis Law Review, served as chief justice of the Moot Court Board, received the American Jurisprudence Award for Equitable Remedies, received the Judge John D. Martin Scholarship, and was named to “Who’s Who in American Colleges and Universities.” Mr. Finnell has earned the Accredited Investment Fiduciary™ professional designation, awarded by the Center for Fiduciary Studies, which is associated with the University of Pittsburgh.

Mr. Finnell has served in leadership roles in numerous professional and community activities, including serving as president of the Memphis chapter of the Society of Financial Services Professionals, as vestry member and treasurer of his church, as president of Family Services of Memphis, on the board of directors of Renasant Bank, on the Economic Club of Memphis, and on the dean’s advisory council at Christian Brothers University School of Business.