Program Prerequisites: None
Program Level: Intermediate
Delivery Method: Live Group Program
Advance Preparation: None
Hear about the program from host Rob Schlegel: Click to Play:
Why Should You Attend?
The Guideline Public Company Method best captures the effect of today’s volatile economy on the value of an appraisal target—and it’s more important than ever as business appraisers find that income and other approaches, with their market-based ERP and beta factors, frequently provide inflated conclusions of value.
Never before has there been a better opportunity—or need—to develop a complete understanding of this increasingly essential valuation method.
BVR has joined with Rob Schlegel ASA, MCBA (Houlihan Valuation Advisors), the highly-rated instructor for the ASA, IBA, and other accounting organizations, to offer this one-time intensive seminar in current application of the GPCM. Given the importance of this topic, BVR and Rob promise a dynamic, hands-on workshop that will bring newer business appraisers fully up to speed, but will also allow established professionals to hone their skills (and earn 12 CPE credits in Miami Beach).
And—to make sure that this session provides experience you can put to work immediately—attendees will work with real-time live data provided through an exclusive arrangement with FetchXL, included in your registration fee.
Highlights of this Special Workshop include:
GPCM research: What are the quickest, cheapest, and most dependable ways to get the data you need for your GPCM analyses?
Volatility and value: The Markets had 28 days in 2008 where value changed more than 4%. How do you correct your conclusions of value when the public markets lose or gain billions of dollars of value in a week?
Special concerns for GPCM for financial reporting
Correcting for capital structure and other factors: Special focus on the volatility in corporate debt/equity ratios, and how to make sure that your choice of public companies will hold up under scrutiny when dealing with income models in fair value reporting.
GPCM and the income approach: Using what you learn from public company comparables to make sense of adjustments to equity risk premia, betas, and company-specific risk factors
Market Participants: How does the regulatory and appraisal standards environment influence your choice of comparables?
And…an intense small-group format that guarantees the opportunity to “roll up your sleeves” and work on a variety of cases with some of the best business appraisers in the business (the workshop kicks off Wednesday night with a networking party to make sure that all participants have the opportunity to learn from one another)
(All times Eastern)
Wednesday, March 25:
5:30-7:00 pm - Welcome Reception
Thursday, March 26:
8:00-8:45 am - Breakfast
8:45 am - 12:00 pm - Session
12:00-1:00 pm - Lunch
1:00-5:00 pm - Session
Friday, March 27:
7:30-8:15 am - Breakfast
8:15 am -12:00 pm - Session
Robert Schlegel, ASA, MCBA
Mr. Schlegel works closely with Houlihan Smith & Company on complex financial opinions and financings and is a Principal with Houlihan Valuation Advisors. Rob's professional background includes extensive work in business appraisal, marital and partnership dissolutions, estate planning, market studies, statistical analysis, and forensic accounting. He has testified as an expert in Federal and Indiana courts and has directed numerous studies of business value, lost profits, pension and stock option issues, and intellectual property matters.
A frequent author and trainer, his most recent publications include article in Fair Share, the Matrimonial Law Monthly, the Matrimonial Strategist, the Indiana Lawyer, the Handbook of Business Valuation, and the Personal Property Journal from the American Society of Appraisers ("ASA"). During the past twenty years, Rob has addressed many regional and international conventions, including COMDEX, the national computer convention. Locally, he has led workshops on corporate finance and building business value for the Small Business Administration, the Planning Forum, the Indiana Institute for New Business Ventures, the Indiana Personnel Association, the Institute of Management Accountants, and the Better Business Bureau. Rob teaches financial statement analysis and valuation-related courses regularly for the Indiana CPA Society, and is a national instructor for the Institute of Business Appraisers and the ASA. During 1997, 1998, 2000 and 2002, he provided seminars on business valuation and estate issues for ICLEF, the Indiana Continuing Legal Education Forum.
Rob's business career includes technical systems work for Burroughs Corporation in the 1960's and the U.S. Marine Corps in the early to mid-1970's. He served
on the faculty of the Weatherhead School of Management at Case Western
Reserve University for three years teaching courses in personnel, economics, organizational behavior, and information system design. Previously, Rob directed management advisory services practices for Price Waterhouse in Central Illinois, McGladrey & Pullen in the Indiana-Tennessee region, and Ford, Brinkerhoff & Koehler in Indianapolis.
Rob holds an undergraduate degree in Economics (Occidental), a Master's degree in Labor and Industrial Relations (Michigan State), and completed his Ph.D coursework in Management (ABD/Management Information Systems Decision Systems/Case Western Reserve). A member of the panel of commercial arbitrators for the Better Business Bureau, Rob also holds a membership in the ASA, the Institute of Business Appraisers, and the National Association of Business Economists. He has received professional designations in business appraising (Master Certified Business Appraiser/Institute of Business Appraisers, and Accredited Senior Appraiser/ASA) plus four technical designations in information systems management. Rob served as President of the Indiana Chapter of the ASA from July 1998 through June 2000, and as the Society's State Director from July 2000 through June 2002. An Elder in the Presbyterian Church, Rob and his family reside in Lawrence, Indiana.
CPE Credit Information
Interactive CPE Credits (Consulting Services)
Business Valuation Resources, LLC is registered with the National Association
of State Boards of Accountancy (NASBA) as a sponsor of continuing professional
education on the National Registry of CPE Sponsors. State boards of accountancy
have final authority on the acceptance of individual courses for CPE credit.
Complaints regarding registered sponsors may be addressed to the National
Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville,
TN 37219-2417. www.nasba.org