Here’s what you’ll see:
- “Twelve Practical Ideas From NACVA’s 2018 Annual Conference” (BVR Editor). There was no shortage of good ideas at the annual conference of the National Association of Certified Valuators and Analysts (NACVA) in Las Vegas this past June.
- “DealStats Ushers in Next Generation of Transaction Data” (BVR Editor). BVR has revolutionized Pratt’s Stats, the leading private-company transaction database with the release of DealStats, which merges Pratt’s Stats and Public Stats transactions into one powerful platform.
- “Delaware’s Unwarranted Assumption That Capex Should Equal Depreciation in a DCF Model” (Gilbert Matthews and Arthur Rosenbloom). Delaware fair value proceedings have predominantly adopted the erroneous assumption that capital expenditures should equal the sum of depreciation and amortization in determining terminal value. Here’s an analysis of these flawed decisions.
- “Book Review: The Cannabis Industry Accounting and Appraisal Guide” (Neil J. Beaton). An “indispensable resource” for investors, owners, managers, attorneys, accountants, and valuation analysts alike, working with or alongside professionals within the evolving cannabis industry, is reviewed.
- “A Veteran Valuer Looks at the BV Profession” (Robert E. Kleeman). The recent decision by the AICPA to allow non-CPAs to get the ABV credential is one of the issues a seasoned valuation expert examines in this frank look at the BV profession.
- “Letter to the Editor: Comments on an Article on the Number of Transactions for the GCTM” (Robert C. Schlegel). A letter in response to the article “Valuation Experts Clash Over Analysis of Transactional Data” that addresses how many transactions to use in the guideline company transaction method (GCTM).
- “New Analyses Reveal U.S. and Global BV Standards All in Sync” (BVR Editor). The different sets of U.S. business valuation standards do not conflict with each other, according to an updated tale-of-the-tape chart released by NACVA. It also released an international standards chart that compares the standards from the IVSC, RICS, and the CICBV that comes to the same conclusion.
- “Work File Checklist for the Selection of Royalty Rates” (BVR Editor). Based on the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangibles Valuation (CEIV) credential, this checklist helps document the selection of a royalty rate when valuing intellectual property assets or rights such as trademarks, trade names, or patents.
- “Remarkable Progress for the Insolvency and Registered Valuer Programs in India” (Raymond Moran). Interviews with key people to discuss how new changes in bankruptcy and insolvency regulations are being implemented, their impact on the valuation profession, and the outlook for valuers in India.
The issue also includes:
- An expanded section of “BV News and Trends/Global BV News and Trends.”
- Regular features: “Ask the Experts,” and “Tip of the Month.”
- BV data spotlight: “Pratt’s Stats MVIC/EBITDA Trends,” “ktMINE Royalty Rate Data,” “Economic Outlook for the Month,” and “Cost of Capital Center.”
- BVLaw Case Update: The latest court cases that involve business valuation issues.
To stay current on business valuation, check out the August issue of Business Valuation Update.
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