Specialty Areas of Practice

Emerging Issues in the Cannabis and Hemp Industries—Hot Buttons, Lessons Learned, and Trap Doors

Monday, August 3
11:45 a.m.–1:25 p.m.
2 hours CPE
This session will provide a robust overview of the regulated cannabis and hemp/CBD industries with a focus on emerging issues: the status of the state and local legislative landscape, working with IRC 280E and related tax planning tactics, appraisal of business and IP interests in cannabis, and economic damages assessments in both cannabis and hemp/CBD. This session will take a deep dive into the use of the income and market methods and provide attendees with insights on where to find resources. Professional ethics considerations will be covered.

After completing this session, attendees will be able to:

• Analyze where the cannabis and hemp industries are currently positioned and what the future looks like
• Demonstrate knowledge to provide services in this highly volatile industry segment
• Locate resources to assist in the industry segments

Total CPE: 2 hour(s)
Field(s) of Study: Business Management & Organization— 2 hour(s)

Who Should Attend:

Professional advisers, managers, and investors in cannabis and hemp/CBD

Program Level and Prerequisites:

Update: Learning activity level that provides a general review of new developments.

Advanced Preparation:

none

Ryan Cram

Ryan  Cram

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Ronald Seigneur

Ronald  Seigneur

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Collaborative Divorce for Financial Professionals

Monday, August 3
1:40 p.m.–2:30 p.m.
1 hour CPE
This session is designed for financial experts interested in collaborative divorce engagements. It will provide financial experts with the knowledge they need to enter and interact within the collaborative divorce industry and provide a detailed workflow for a collaborative divorce engagement. The collaborative divorce process is non-adversarial, can be an option for any matrimonial client, is more sophisticated than the kitchen table approach for divorce, and can be more cost-effective than litigation.

After completing this session, attendees will be able to:

• Compare the collaborative divorce structure with other traditional engagements, such as litigation and mediation, and will differentiate the goals of the collaborative process from other structures
• List the five components of a collaborative workflow for financial experts and will define the role of a financial expert within the collaborative process.
• Identify specific marketing techniques to apply and to avoid in collaborative divorce.
• Specify indicators of an engagement where the collaborative divorce process may be a viable solution.

Total CPE: 1 hour
Field(s) of Study: Finance—1 hour

Who Should Attend:

Financial experts interested in the collaborative divorce process as well as anyone interested in understanding the role of a financial expert in the collaborative divorce process.

Program Level and Prerequisites:

Intermediate: Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Advanced Preparation:

Attendees should have a knowledge of matrimonial engagements, participants in a divorce engagement, and a basic understanding of the financial expert's role in traditional matrimonial engagements.

Dorothy Haraminac

Dorothy  Haraminac

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Kerrie Merrifield

Kerrie  Merrifield

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Calculating Lost Earnings or Lost Economic Support For Truck Drivers

Monday, August 3
3:30 p.m.–5:10 p.m.
2 hours CPE
The session will provide an overview of the challenges of calculating lost earnings or lost economic support for truck drivers. It will explain the data sources necessary to derive the earnings estimate. The session uses several actual examples and shows the calculations and resulting damage estimates.

After completing this session, attendees will be able to:

• Recognize why calculating lost earnings or lost economic support for truck drivers is challenging and may require different methods that regular W-2 employees
• Locate different data sources to assist with making the calculations
• Utilize actual examples to make calculations of lost earnings or lost economic support for truck drivers

Total CPE: 2 hour(s)
Field(s) of Study: Economics—1 hour; Finance—1 hour

Who Should Attend:

Individuals who make damages calculations in personal injury or wrongful death. Individuals who are interested in extending their range in providing litigation support services to attorney clients.

Program Level and Prerequisites:

Intermediate: Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Advanced Preparation:

Participants should already be familiar with typical forensic and litigation engagements.

Shannon Shipp

Shannon  Shipp

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How to Value and Sell a Content or SaaS Business

Monday, August 3
5:25 p.m.–6:15 p.m.
1 hour CPE
Whether you’re selling a Shopify business or any other kind of e-commerce store, the presenter will share with attendees how they can obtain an accurate business valuation and complete an e-commerce business sale.

After completing this session, attendees will be able to:

• Evaluate a business valuation
• Prepare for an e-commerce business sale

Total CPE: 1 hour(s)
Field(s) of Study: Business Management & Organization—1 hour

Who Should Attend:

Business owners, founders, and CEO's

Program Level and Prerequisites:

Overview: Learning activity level that provides a general review of a subject area from a broad perspective.

Advanced Preparation:

None


Bitcoin—An Intro to Crypto

Tuesday, August 4
12:05 p.m.–1:45 p.m.
2 hours CPE
This session is designed for fraud examiners to develop an understanding of cryptocurrency ecosystems and their participants. Attendees will dispel several myths of bitcoin’s blockchain and be prepared to learn how to trace bitcoin and other cryptocurrency transactions. Attendees will review the first fraud committed with bitcoin, which happened in Houston, TX, and review the best proof of concept for bitcoin, which started in Austin, TX. In addition, attendees will learn a method to validate records released as part of a data breach and how those records may be relied upon as business records in court.

The purpose of this course is to inform attendees about bitcoin, how cryptocurrency works, and how to investigate it. Attendees will deconstruct a blockchain transaction.
After completing this session, attendees will be able to:

• Identify types and motives of participants in cryptocurrency ecosystems, specifically bitcoin
• Examine famous transactions on bitcoin’s blockchain and understand the underlying ideology
• Explore marketplaces for various cryptocurrencies
• Evaluate ethical issues in gathering evidence and become aware of common pitfalls
• Identify the first frauds committed with cryptocurrency
• Prepare for tracing cryptocurrency with open source tools and understand how to identify red flags when evaluating tracing tools

Total CPE: 2 hour(s)
Field(s) of Study: Economics—1 hour; Computer Software and Applications—1 hour

Who Should Attend:

Anyone interested in gaining a better understanding and improving digital marketing

Program Level and Prerequisites:

Basic: Learning activity level most beneficial to individuals new to a skill or an attribute.

Advanced Preparation:

None

Dorothy Haraminac

Dorothy  Haraminac

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Working Together—Valuations for Financial Reporting Intertwine the Tangible and Intangible

Tuesday, August 4
2:45 p.m.–3:35 p.m.
1 hour CPE
A financial reporting valuation engagement, whether it be for an allocation of purchase price, an impairment test, or other purpose usually involves valuation of both tangible and intangible assets.
When performing a valuation for financial reporting, an appraiser cannot simply perform their valuation independently and present their values to the client. This will not provide the client with a complete picture and is not in the best interest of the client. The team must present one cohesive story which represents the client’s company as a whole. This session will outline the various roles and responsibilities of the team members as well as how the various valuations interact and influence each other.

After completing this session, attendees will be able to:

• Recognize the roles of the different valuation professionals on the team
• Identify the data required by each team appraiser in order to successfully perform their portion of the valuation in a credible manner
• Identify areas of overlap between the disciplines and how they influence each other
• Describe limitations and pitfalls of “oversimplifying” or limiting the scope of the valuation of the tangible assets
• Recognize some up-front questions which may not be readily apparent but which will greatly influence the valuation process
• Identify up-front questions and data which will make the process and audit review easier and more cost efficient for the Client.

Total CPE: 1 hour(s)
Field(s) of Study: Accounting—1 hour

Who Should Attend:

This session will be geared towards those valuation professionals, attorneys and audit practice professionals who deal with financial reporting valuations.

Program Level and Prerequisites:

Overview: Learning activity level that provides a general review of a subject area from a broad perspective.

Advanced Preparation:

None

Douglas Krieser

Douglas  Krieser

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Becoming a Strategic Growth Consultant

Tuesday, August 4
3:50 p.m.–5:30 p.m.
2 hours CPE
In this session advisors and consultants will learn about identifying a business owner or CEO’s goals for value growth, and the level of equity planning they have in place. The class will learn about value drivers, and, based on the client’s commitment to growth and their level of equity planning, will learn which are the high priority value drivers for the client to reach their goal. These high priority value drivers are the basis for a growth plan. Attendees will then learn about delivering engagements focused on converting the growth plan into reality.

After completing this session, attendees will be able to:

• Describe to their clients about value growth, and the importance of growth planning
• Understand, from a high level, value drivers and the concept of prioritizing value drivers in line with a client’s professional and personal goals
• Describe several consulting services through which clients can increase the value of their privately-held business

Total CPE: 2 hour(s)
Field(s) of Study: Business Management & Organization—1 hour; Management Services—1 hour

Who Should Attend:

CPA Business Advisors, Management Consultants, Fractional CFOs, M&A Professionals, Personal and Financial Advisors working with business owners

Program Level and Prerequisites:

Overview: Learning activity level that provides a general review of a subject area from a broad perspective.

Advanced Preparation:

None

John Leonetti

John  Leonetti

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George Sandmann

George  Sandmann

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Hypothetically Speaking

Tuesday, August 4
5:45 p.m.–6:35 p.m.
1 hour CPE
In Ohio (and locales elsewhere) Revenue Ruling 59-60, Fair Market Value is the determining standard of value for divorce litigation. And our poor hypothetical buyer is being manipulated depending which side of the fence an 'expert' could be sitting on. And as far as the seller, he or she is anything but hypothetical. We know all about his or her business. How can the hypothetical aspects that valuation analysts are supposed to cling to in the course of a business valuation during a divorce litigation (while the attorney is working you to up/down the value) be dealt with? The presenter will discuss the not so hypothetical aspects of 59-60 and possible (hypothetical?) routes attendees can use to being more objective.

After completing this session, attendees will be able to:

• Recognize when the other expert is manipulating the hypothetical buyer/seller in Revenue Ruling 59-60 in order to achieve a desired/advocating value for their client
• Demonstrate checks and balances on their own valuation analysis to ensure that they have not drifted into advocacy in their calculation

Total CPE: 1 hour(s)
Field(s) of Study: Accounting—1 hour

Who Should Attend:

NACVA members attending the Philadelphia conference in 2020.

Program Level and Prerequisites:

Intermediate: Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Advanced Preparation:

Attendees have dedicated a significant amount of their practice time involved in business valuations in the course of matrimonial litigation.

William Ditty

William  Ditty

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