ICAEW offers its two-day valuation basics course again beginning 9 May in London (the second day is 24 May). The course is also offered starting 12 June, 11 September, and 11 November. Cost is £1,370, plus VAT.

This small-group workshop introduces established valuation approaches, and the impact of different client, deal, and statutory requirements. Attendees practise what they learn through hands-on Excel-based case studies.

Sample exercises include:

• Application of market multiples;
• Control premiums and discounts for lack of marketability;
• Assembling equity-level and enterprise-level cash-flow forecasts;
• Cost of capital using the CAPM;
• Applying small-firm premiums (size/alpha); and
• Valuing small firms using cost, capitalised earnings, and modified DCF models.

Register for ‘Practical Business Valuation’ here.