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Time Frame: The next two years
Hans has received a number of offers to buy Vision. He engages a CA firm to provide him with a valuation report and determine the tax effects of each offer. Due to the poor economy, the intended purchaser is unable to complete the transaction. Hans is approached by two of his managers (Elmer Hughes and Arnie Chan) who express interest and are successful in completing the purchase of Vision. Hans and his family contemplate the tax consequences of moving to Belgium . The new owners of Vision are eager to expand the business. A third shareholder who has experience in strategy is added and a potential acquisition, Western Homes Centres Inc. (Western), is identified. Parkhurst and Loewen is engaged to complete the audit of Western.
Student Roles: Associate of Lee & Paul, Chartered Accountants; Associate of Parkhurst and Loewen, Chartered Accountants
Module 2 Student Overview
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