BOLD CFO

Program Offerings policies for Bold CFO program.

 Program Description:

BOLD CFO – training for accounting professionals to be qualified to offer fractional CFO services to their Clients.

The program will introduce students to the role of a specifically fractional CFO in a business, what tasks are a part of the role and which aren’t. The program covers extensively the development of a financial forecast for different types of businesses, challenging assumptions, addressing the financing and investment areas of the cash flow, as well as debt and risk management, day-to-day tasks, deliverables of a fractional CFO, tools for the students’ toolbox, as well as action steps when things go wrong in a business and more.

Program Location and Delivery Method: Group Internet-based, over Zoom. *Note that every session is recorded in case a student cannot attend, however, only live presence and answering all required polling questions qualifies for the CPE credit.

Cohort 2 and forward: 8 weeks of two 60-min sessions per week, intended 16 hours of total CPE credits. Next cohort is scheduled to start on May 2, 2023 and run 4 times per year on an ongoing basis.

Recommended Field of Study for each of the qualifying sessions of a cohort is: SPECIALIZED KNOWLEDGE.

Monitoring Mechanism for CPE Credits:

Throughout each 60-minute session, 4-5 polling questions will appear at random times to ensure lack of predictability and participation and engagement throughout the program. A student must stay on for the entire presentation and answer at least 3 polling questions per 1 credit hour of CPE credit, based on a 50-minute hour.

Authors and Instructors of this program: Tatiana Tsoir, CPA, MBA, USTCP, founder of Linza Advisors Inc and The Bold Method Inc, and Nicholas Pastushan, former Chief Credit and Chief Investment officer at CIT Group, as well as currently CEO of Warbird Capital, a business turnaround financier.

Program Level: Basic.

Records Retention:

Copies of class materials, enrollment lists, records of participation, author/instructor, author/ developer and reviewer names and credentials, course location, dates of credits and certificates granted, instructor evaluations and participation records shall be maintained for 5 years, with offline backups saved in a separate location.

Refunds:

Class slots are limited, so no refunds are allowed once a spot in a class has been purchased unless the course is cancelled (see cancellation policy)

Cancellation of Course:

If for any reason the course cannot be offered in approximately original timeline (examples would be sudden incapacitation or death of the scheduled instructors), full refunds or enrollment in future classes will be offered by email and / or direct phone calls to all participants. In the event of power outages, internet outages, temporary illnesses of instructors etc, causing a cancellation of an individual class session, the impacted classes will be rescheduled, with at least 2 opportunities / options for students to receive the postponed session.

Complaints:

In the event of any issues / complaints / questions, please email [email protected]

For more information regarding administrative policies such as complaint and refund, please contact our offices at 347-338-8272.

Course Updates:

As each course is a live group internet-based class, materials and class discussions will include current events / policy changes as part of each course.

Prerequisites:

The Bold CFO training class was developed to give accounting and tax professionals the additional skills to offer CFO (fractional or full-scale) services to their clients in addition to bookkeeping, tax preparation, tax planning etc.  These individuals already have the accounting understanding and the access to the financial information of the clients, making them ideal candidates to offer broader finance and strategy support in a CFO role.

No formal prerequisites required for the course. It is expected that participants are already familiar with accounting basics, financial statements and related terminology of debits, credits and normal balances, as well as basic accounting equation.

No advance preparation is required.

Content Delivery and Relevance:

The 2 instructors for the live Zoom based BOLD CFO course are experienced active practitioners already providing services as a CPA and fractional CFO and as a CEO of a small business financing (debt and equity) company, restructuring advisor, and fractional CFO.

Materials preparation and review:

Course content and materials for each class are developed and edited / reviewed by separate parties. (see biographies of the developer / reviewer instructors)

Learning objectives:

As the goal of this training is to prepare accounting and tax professionals to take on a wider role in finance and corporate strategy, the content is directed at the areas of small business CFO responsibilities other than recordkeeping, tax etc.  Prime examples of this and class modules include: Budgeting and forecasting (techniques, tools, templates and thought processes), liability management (healthy debt levels, good and bad types of debt especially predatory lending awareness, strategic transaction evaluation including M&A, creating relevant management reports to support goal setting, measurements for compensation plans, risk management, working capital management etc.). Learning objectives also include understanding the client needs, deliverables, risk management, packaging and pricing of this service for accounting firms.

Official Registry statement:

Bold Business Strategies Inc. 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 web site: www.nasbaregistry.org