Here’s what you’ll see:
- “Use of Financial Projections in Solvency Opinions” (Craig Jacobson). Financial projections are often a key input to the financial models used to assess solvency, but projections management or its professional advisors prepared are sometimes overly optimistic. Here’s how to identify whether projections are reasonable and assess the level of risk.
- “Using Jensen’s Alpha to Separate Active and Passive Appreciation” (Mark G. Filler). The author presents an alternate approach (Jensen’s alpha) to segregating passive from active increases in the value of a marital asset. An example is presented of an automobile dealer.
- “Checklist for Initial Information Request to Analyze Replacement Compensation” (BVR Editor). The Tax Cuts and Jobs Act (TCJA) will trigger much greater scrutiny on what constitutes reasonable compensation for owner-employees of pass-through entities (PTEs).
- “Book Review: The BVR/AHLA Guide to Valuing Physician Compensation and Healthcare Service Arrangements, 2nd Edition” (Greg Endicott).The second edition of this book expands upon the groundbreaking first edition and provides 1,400 pages of content written by 42 experts in the field, including attorneys and valuation experts.
- “BV Firm Marketing Experts Reveal Practice-Building Insights” (BVR Editor). An interview with Debra Sweeney and Mellanie Bartlett, co-owners of Sweeney & Bartlett Marketing Partners Inc. They work with a number of business valuation firms to help them build their corporate and individual brands.
- “Work File Checklist for Life for the Projection Period of Customer Intangibles” (BVR Editor). Documentation requirements for fair value for financial reporting. This is based on the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangibles (CEIV) credential.
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 June issue of Business Valuation Update.
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