Business Valuation & Financial Litigation
Hybrid & Virtual Super Conference
Track One (Thursday)
A Sock & a Sock or a Sock & a Shoe? How Not to be Hidebound in Valuation & Financial Forensics
Thursday, August 18, 2022 9:20 a.m. - 11:00 a.m. MTBusiness valuation and financial forensics are living disciplines. Having evolved since the 1960s, BVFLS professionals must always keep an eye on the horizon for issues that will affect our practices. Join this session for a discussion of some of the looming issues facing the profession today.
After attending this session, you will
- Determine the new issues and opposing counsel tactics you will be facing in litigation-based engagements
- Evaluate the "new" industry and economic issues we will absolutely be facing
- Recognize issues affecting how we run our practices ranging from staffing to technology
- Identify the new acronyms on the horizon
Total CPE: 2
Fields of Study: Economics: 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:
Accountants, CPAs, Valuation Analysts, Forensic Accountants, and Attorneys.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
Business Valuation of a Real Estate Centered Entity
Thursday, August 18, 2022 11:20 a.m. - 12:10 p.m. MTIn this session we will discuss the methods and pitfalls of valuing a business with a real estate component, or real estate properties that have a going-concern business deriving value and customer patronage for the location. Properties such as hotels, fueling stations, car washes, and senior living facilities can be valued by CVAs, CBAs, or real estate appraisers given the varying purposes for the assignment. Various methods will be highlighted, with the need to understand the real estate appraisal that may be provided with included equipment and “going-concern” intangible value. References will be made to Chapter 33 “Valuing Business with Real Property” in the forthcoming Valuing a Business, 6th edition to be published in 2022.
After attending this session, attendees will be able to:
- Classify the types of real estate centered businesses presented to valuers
- Cite recent economic trends that affect real estate properties
- Identify the databases of comparable sale information available to real estate appraisers and how these compare to business valuation transaction databases
- Identify the methods used in real estate appraising to estimate intangible value, real property with improvements, and embedded equipment
- Indicate the dangers of reviewing and adopting a real property appraisal conclusion in a business valuation analysis without testing the real estate appraiser’s method and rationale for including intangible assets and equipment assets
- Recognize the necessity for co-working projects in complex real property and equity assignments
Total CPE: 1
Fields of Study: 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:
All CVAs and CBAs who are asked to appraise operating companies with real estate having a locational advantage for customer patronage.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:
NoneAsset-Based Approach to Business Valuation: Conceptual Foundations and Practical Applications
Thursday, August 18, 2022 1:00 p.m. - 2:40 p.m. MTMost analysts are experienced with the income approach and market approach to business valuation. However, most analysts are less familiar with the asset-based approach to business valuation. This session describes the fundamental concepts and the practical applications of the asset-based approach in the valuation of operating companies.
- Identify the client circumstances and engagement purposes for which the asset-based approach is particularly relevant
- Recognize the data requirements to develop an asset-based approach valuation
- Explain the difference between the asset-based business valuation approach and the cost property valuation approach
- Apply the various asset-based approach method to conclude the going-concern value of an operating company
Total CPE: 2
Fields of Study: Accounting: 1, Economics: 1
Program Level: Advanced - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.
Who Should Attend:
This presentation will benefit experienced valuation analysts--and particularly valuation analysts who provide testifying expert services.Prerequisites:
Good knowledge of topic and experience in the field. Advanced level programs are often appropriate for seasoned professionals within organizations; however, they may also be beneficial for other professionals with specialized knowledge in a subject area.Advanced Preparation:
None
Goodwill and Executive Compensation in Business Valuation
Thursday, August 18, 2022 3:00 p.m. - 4:40 p.m. MTThis session will cover many of the nuances of goodwill and its related concepts. Why is goodwill important? How can we address it in our engagements? Is there a purely objective way to value it?
After attending this session, you will be able to:
- State various definitions of goodwill and intangible value
- Explain why goodwill matters: in what context and for which purposes
- Explain how goodwill is related to other concepts
- Describe different quantitative and qualitative models for valuing and apportioning goodwill
- List considerations for analysis of reasonable compensation
- Identify the methods for determining reasonable compensation
- Analyze insights into reasonable compensation from court decisions
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.
