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Courses/Business/Business Risk Management

Contract Review Tips for Accountants

Learn contract review tips, and practice reviewing contracts.

Created byStephen Priddle
4.5
(547 reviews)
BeginnerUpdated Dec 30, 2022
Contract Review Tips for Accountants

What You'll Learn

check_circleUnderstanding the context and the trustworthiness of the other party
check_circleAsking “what if” questions
check_circleEditing tips, the dangers of track-changes
check_circleDealing with what is “not there” that should be there
check_circleNote legal entity issues
check_circleConsider strategic impacts
check_circleZero in on risk and insurance
check_circleVerify cash and banking impacts
check_circleGet review checklists
check_circleObtain useful tips on dealing with independent contractors

About This Course

Accountants are regularly called upon to review contracts, and we are expected to provide value-added insights by considering aspects such as wording, financial angles, risk, income, commodity tax, and more. While we are not lawyers, accountants can significantly contribute to the contract review process, enhancing our professional reputation.

This course is taught by a veteran CFO with extensive experience in various types of contracts. It covers:

  • Practice reviewing common contracts
  • Asking “what if” questions
  • Editing tips and the dangers of track changes
  • Addressing what’s missing from contracts
  • Legal entity issues
  • Strategic impacts
  • Risk and insurance considerations
  • Cash flow and banking implications
  • Contract review checklists
  • Tips for working with independent contractors

Past feedback from participants:

  • "I found the course information extremely valuable."
  • "Highly recommend this course!"
  • "A great overview of what accountants should be aware of when reviewing contracts."
  • "I really liked your course—very useful and well summarized. You seem like a great teacher."
  • "I appreciated that he pointed out items that might not be explicitly mentioned in the contract."
  • "I work for a non-profit and will definitely use the materials."
  • "The course was great!"

Your Instructor

Stephen Priddle
Stephen Priddle
menu_book31 courses
star6,576 reviews

Stephen Priddle, CPA, CA, CMA is the President and Founder of Practical PD, Courses for Accountants. Stephen is also the Vice-President, Finance & CFO of Fidus Analytics Inc.  In addition, he is a Board member, co-owner and Corporate Secretary of the SureWx group of companies, a global aviation business, which he was the CFO for 12 years previously. An engaging and experienced instructor, Stephen Priddle weaves practical tips together with stories from his business experience and input from participants. Seasoning the mix with a dose of accounting humour, he serves up useful and dynamic courses which have been attended by over 36,000. When speaking, he is candid about errors he has made in his career and the lessons that can be learned from them. Someone said: “humans are hard-wired to learn from stories” – Stephen is in part a business/accounting storyteller, who draws out the lessons from the stories. Stephen’s teaching experience includes presenting courses for over 70 accounting bodies and organizations in Canada and abroad. He has been a Session Leader in the CPA Professional Education Program, and has taught at the University of Toronto and Carleton University. He has moderated in the legacy CA, CMA and CGA program. Stephen is a prolific author. His published business, accounting and finance cases are used by many organizations. Stephen has nearly 40 years of varied business experience. After working with KPMG for five years, he moved into industry, where he has worked for public and private companies. He has gained a wide range of experience in financial reporting, treasury management, merger & acquisition and other business matters. Through his courses, he interacts with hundreds of financial leaders a year and thus stays on the leading edge in terms of best practices and hot topics. Stephen obtained his CPA, CA and CMA designations following graduation from Carleton University with an Honours Bachelor of Commerce degree, accounting major.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

4.5
Student's Choice
547 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.