Automobile Dealerships: An In-Depth Perspective

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Overview

8.0 Credits
IN-PERSON

The following course is an on-site training event.

Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site programs, please use our contact page.

Objectives

Participants will be able to explore advanced attestation service issues in fieldwork, current events in federal taxation, advanced management advisory services such as operational reviews, management consulting and the latest trends in business valuations. Participants will gain an in-depth look into the operations of each department in a typical automobile dealership.

Major Topics

The major topics of this course include:

  • Audit and financial statement issues
  • Advanced audit techniques and review procedures
  • The current environment with financial institutions both wholesale and indirect
  • Survival techniques in a changing environment
  • Techniques and procedures for fraud investigation
  • Using technology in the dealership
  • Latest reinsurance techniques
  • Buy-here-pay-here operations
  • Developments of internal controls
  • Sales and use tax audit techniques
  • Utilizing dealer computer systems, including purchase and installation of computer systems, defining dealership data requirements and parameters and developing custom reports
  • Advanced audit techniques and issues
  • Management consulting opportunities, including marketing, pay plans that work, benchmarking, profitability and custom reports based on dealer financial statements
  • Preparation of dealer financial statements
  • Advanced tax planning techniques and issues
  • Dealership valuation techniques and issues
  • Marketing Dealership Services

Designed For

CPAs whose clients are in the automobile dealership industry, controllers of automobile dealerships and those working in the financial industry who want to learn more about automobile dealerships

Prerequisite

Should have more than one automobile dealership as clients

Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site programs, please use our contact page.