Best Practices in Business Valuation (Tuesday)

The Income Approach, including the Capitalized Cash Flow Method and the Discounted Cash Flow Method

Tuesday, June 22, 2021 10:45 a.m. - 12:25 p.m. ET

All Track One sessions are part of the three-day course Best Practices in Business Valuation—A Practical Approach to Advanced Issues and Applications, which covers the latest developments in the valuation profession in a straightforward manner and with an emphasis on practical application. While other attendees may be participating in the course only—as a conference attendee, you can choose what sessions to attend from any track at any time.

  • Are you tired of esoteric concepts and applications that few use and even fewer understand?
  • Are you tired of answers like, “When you look at it this way the answer is this, but if you look at it that way the answer is that?”
  • Do you scream when a presenter says “It depends” when asked a question, even a basic one?

The bottom line is that, while the valuation profession has come a long way, we still cannot come together and agree on many-and we mean many-valuation issues. 

The sessions in Track One will make you feel more comfortable that you know how to understand and apply valuation techniques in the most supportable way. It takes you through advanced issues and applications that you can use right away. Key issues relating to the income approach, capitalized cash flow method, and discounted cash flow method will be discussed.

After completing this session, attendees will be able to:

  • Differentiate between the various income approach methods and data inputs
  • Apply best practices and avoid mistakes in the income approach, including discount rates, growth rates, normalization adjustments, capitalized cash flow method, and discounted cash flow method
  • Assess how to apply and support probabilistic scenario analyses

Total CPE: 2
Fields of Study: Accounting: 1, Finance: 1
Program Level: Intermediate - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Who Should Attend:

This session is for everyone, whether a first-year analyst or a seasoned BV veteran.

Prerequisites:

Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.

Advanced Preparation:

None

Jim Hitchner

Jim  Hitchner

ABV ,ASA, CFF, CPA

Read Biography

Cost of Capital

Tuesday, June 22, 2021 12:40 p.m. - 2:20 p.m. ET

All Track One sessions are part of the three-day course Best Practices in Business Valuation—A Practical Approach to Advanced Issues and Applications, which covers the latest developments in the valuation profession in a straightforward manner and with an emphasis on practical application. While other attendees may be participating in the course only—as a conference attendee, you can choose what sessions to attend from any track at any time.

  • Are you tired of esoteric concepts and applications that few use and even fewer understand?
  • Are you tired of answers like, “When you look at it this way the answer is this, but if you look at it that way the answer is that?”
  • Do you scream when a presenter says “It depends” when asked a question, even a basic one?

The bottom line is that, while the valuation profession has come a long way, we still cannot come together and agree on many-and we mean many-valuation issues. 

The sessions in Track One will make you feel more comfortable that you know how to understand and apply valuation techniques in the most supportable way. It takes you through advanced issues and applications that you can use right away. Key issues relating to the income approach, capitalized cash flow method, and discounted cash flow method will be discussed.

After completing this session, attendees will be able to:

  • Differentiate between the various income approach methods and data inputs
  • Apply best practices and avoid mistakes in the income approach, including discount rates, growth rates, normalization adjustments, capitalized cash flow method, and discounted cash flow method
  • Assess how to apply and support probabilistic scenario analyses

Total CPE: 2
Fields of Study: Accounting: 1, Finance: 1
Program Level: Intermediate - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Who Should Attend:

This session is for everyone, whether a first-year analyst or a seasoned BV veteran.

Prerequisites:

Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.

Advanced Preparation:

None

Jim Hitchner

Jim  Hitchner

ABV ,ASA, CFF, CPA

Read Biography

Growth Rates

Tuesday, June 22, 2021 3:00 p.m. - 4:40 p.m. ET

All Track One sessions are part of the three-day course Best Practices in Business Valuation—A Practical Approach to Advanced Issues and Applications, which covers the latest developments in the valuation profession in a straightforward manner and with an emphasis on practical application. While other attendees may be participating in the course only—as a conference attendee, you can choose what sessions to attend from any track at any time.

  • Are you tired of esoteric concepts and applications that few use and even fewer understand?
  • Are you tired of answers like, “When you look at it this way the answer is this, but if you look at it that way the answer is that?”
  • Do you scream when a presenter says “It depends” when asked a question, even a basic one?

The bottom line is that, while the valuation profession has come a long way, we still cannot come together and agree on many-and we mean many-valuation issues. 

The sessions in Track One will make you feel more comfortable that you know how to understand and apply valuation techniques in the most supportable way. It takes you through advanced issues and applications that you can use right away. Key issues relating to the income approach, capitalized cash flow method, and discounted cash flow method will be discussed.

After completing this session, attendees will be able to:

  • Apply processes to support long-term growth rates
  • Demonstrate an understanding of inflation and GDP
  • Practice supporting interim growth rates

Total CPE: 2
Fields of Study: Accounting: 1, Finance: 1
Program Level: Intermediate - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Who Should Attend:

This session is for everyone, whether a first-year analyst or a seasoned BV veteran.

Prerequisites:

Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.

Advanced Preparation:

None

Jim Hitchner

Jim  Hitchner

ABV ,ASA, CFF, CPA

Read Biography

Case Study and Sample Report

Tuesday, June 22, 2021 4:55 p.m. - 6:35 p.m. ET

All Track One sessions are part of the three-day course Best Practices in Business Valuation—A Practical Approach to Advanced Issues and Applications, which covers the latest developments in the valuation profession in a straightforward manner and with an emphasis on practical application. While other attendees may be participating in the course only—as a conference attendee, you can choose what sessions to attend from any track at any time.

  • Are you tired of esoteric concepts and applications that few use and even fewer understand?
  • Are you tired of answers like, “When you look at it this way the answer is this, but if you look at it that way the answer is that?”
  • Do you scream when a presenter says “It depends” when asked a question, even a basic one?

The bottom line is that, while the valuation profession has come a long way, we still cannot come together and agree on many-and we mean many-valuation issues. 

The sessions in Track One will make you feel more comfortable that you know how to understand and apply valuation techniques in the most supportable way. It takes you through advanced issues and applications that you can use right away. Key issues relating to the income approach, capitalized cash flow method, and discounted cash flow method will be discussed.

After completing this session, attendees will be able to:

  • Associate case studies and sample reports to best practices
  • Demonstrate report writing tips
  • Differentiate the valuation methods and reconciliation

Total CPE: 2
Fields of Study: Accounting: 1, Finance: 1
Program Level: Intermediate - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.

Who Should Attend:

This session is for everyone, whether a first-year analyst or a seasoned BV veteran.

Prerequisites:

Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.

Advanced Preparation:

None

Jim Hitchner

Jim  Hitchner

ABV ,ASA, CFF, CPA

Read Biography