Here’s what you’ll see:
- “Concerns Over Data Security in Online Cost of Capital Tools” (BVR Editor). Business Valuation Update attended the recent NYSSCPA business valuation conference in New York City where several attendees expressed concerns about entering sensitive client data into online tools for estimating the cost of capital. The providers of the Duff & Phelps Cost of Capital Navigator and BVR’s Cost of Capital Professional respond to these concerns.
- “Reasonable Certainty for New Business Lost Profit Calculations” (Josh Shilts). A recent court decision has provided practical guidance for experts to mitigate concerns over providing speculative, unsupported lost profit estimations for a new business. The author also provides an example of a recent engagement.
- “Response to a Reader’s Comments Concerning the Kress Case” (Chris D. Treharne). The Kress case has received a great deal of attention on a number of valuation fronts, most notably that both the taxpayer and the government tax affected the earnings of the subject S corp. This letter to the editor is a response to comments on the case made by an IRS analyst.
- “Timeline Reveals Advances in Building Trust in Fair Value for Financial Reporting” (BVR Editor). Business Valuation Update attended the recent RICS Business Valuation Symposium in New York City, during which speakers gave an overview of developments in fair value for financial reporting. One session presented a timeline that strikingly illustrates the remarkable advances the profession has made in this area of practice.
- “Company Research: The Internet May Be Right, But It May Also Be Wrong!” (Robert E. Kleeman Jr.). This is an article in a series of valuable lessons to be learned based on the experiences of seasoned valuation experts. While you may be able to find some of this advice in books, only real-life experiences can highlight the nuances that can only be found in the minds of the experts who have lived through many engagements.
- “Business Valuation Terms Need Restructuring Based on Value Drivers” (James A. Lisi). The business valuation profession suffers from a muddling of concepts and terms. It is time to think about a recalibration of valuation terms that grows out of the foundation that our original business valuation pioneers laid.
- “Valuing Minority Interests in the UK Is ‘Especially Challenging’” (BVR Editor). Comments by Andrew Strickland, a consultant with Scrutton Bland in the UK, on transactions involving fractional interests in closely held companies. He also offers a summary of discounts from a sample of relatively recent cases.
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: “DealStats MVIC/Revenue 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.
Please let us know if you have any comments about this article or enhancements you would like to see.