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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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Valuation of Private Equity Firms and Interests
Understanding the technical issues that arise in valuations of private equity firms and private equity fund interests is an advanced skill. Develop and hone that expertise with the help of experts Vladimir Korobov and Peter Rahe. In this webinar, attendees will learn the typical fund management structures and understand the impact of profit participation/carried interest on value. You'll get practical pros and cons about the methodologies including the discrete DCF, Monte Carlo simulation-enhanced DCF, and ...
Valuing What You Cannot See: Intangible Assets
Accounting has historically done a poor job dealing with intangible assets, and, as the economy has transitioned away from a manufacturing-dominated 20th century to the technology- and services-focused economy of the 21st century, that failure has become more apparent. The resulting debate among accountants about how to bring intangibles onto the books has spilled over into valuation practice, and many appraisers and analysts are wrong, in my view, letting the accounting debate affect how they ...
Valuing Deferred Revenue
Are you confident in your understanding of revenue recognition? Do you value from the bottom up or top down? Is it for a business combination? Purchase price allocations pursuant to ASC 805 require fair value estimates for all acquired assets and liabilities. In certain industries, deferred revenue is a frequently occurring liability that requires valuation. In this webinar, Ray Rath will discuss the valuation theory and present the valuation of deferred revenue for ASC 805 ...
Purchase Price Allocations for Banks
Purchase price allocations for banking and financial services M&A are a key offering for those working within the industry. Invest 100 minutes in this discussion with Rick Childs and Charles Clow, and understand the unique aspects of ASC 805 as applied to the banking/financial services industry. This balanced discussion offers something for beginners and advanced practitioners including a review of loan valuation and core deposit customer relationship intangibles. In addition to valuation professionals, this program ...
Return Models and Mean Reversion
For those with an accounting background, it can be challenging to think like an economist. Join Gary Schurman for a discussion on the transition from discounted cash flow models, which use accounting metrics, to return models, which use economic metrics. Learn the concept mean reversion, which is an economic fact of life and should be accounted for in your valuations. See examples of the mathematics of return models and mean reversion, and go beyond the ...
Promoting Quality in Providing Fair Value Measurements for Financial Reporting
Preparing fair value measurements for financial reporting has become an increasingly large part of the activities of business valuation specialists. In a recent survey of the business valuation profession by The Appraisal Foundation, over 60% of respondents indicated that they participate in this subspecialty. The survey results also indicated that this was the largest of the business valuation subspecialties among respondents. Given the rigor surrounding financial statement preparation, auditing of financial statements, and the activities ...
Sell-Side Advisory Services: A Savvy Way to Excel in the ESOP Market
Sell-side advisory services is the most savvy way to crack into employee stock ownership plans (ESOPs), and, as a unique ownership transition strategy, there are many tax, financial, and business advantages to consider. Despite these advantages, most valuation practices are not equipped to participate in the ESOP market. Experts Brian Bornino and Tracy Woolsey use case studies and share practical experience that will allow you to assist your clients with the evaluation and execution of ...
Benchmarking Identifiable Intangibles and Their Useful Lives in Business Combinations
Join Ray Rath for key insights on the determination of the economic and useful (amortization) lives for intangible assets. The course provides an overview of key accounting guidance pertaining to the valuation of intangible assets. A detailed focus on the estimation of an economic life for intangible assets is included. The event will also include insights on industry-specific factors impacting the valuation and economic lives of different types of intangible assets. A discussion of purchase ...
Valuation of Management Incentive Units
Management incentive units (MIUs) are a form of equity compensation issued by private companies to employees, management, directors, consultants or investors and can take such forms as restricted stock units, profits interests ,or profit-sharing units. MIUs have become increasingly popular in recent years due to more companies selecting to be structured as LLCs. Experts Patrick Guthrie, Stephanie Johnson, and Amanda Lessiohadi discuss management incentive units and help participants identify common issues and features to be ...
Fair Value and Valuation: Understanding the SEC, PCAOB, and Key Case Law
Valuation for fair value can be challenging. Deficiencies in the valuation process can result in exposure to regulatory scrutiny from the SEC or PCAOB and may result in enforcement actions or costly litigation—and corresponding damages or financial penalties. Regulatory oversight can be compounded with pressure from auditors and, of course, the clients themselves. In situations such as these, you want to make sure you have a good lawyer on your side. Attorneys Peter Anderson and ...
Smart Collaboration: How Professionals and Their Firms Succeed by Breaking Down Silos (Keynote Quarterly)
Collaboration is a critical component of success for today’s competitive businesses. No one expert—or even one functional group—can tackle today’s complex challenges, which often span technological, regulatory, economic, and environmental issues on an increasingly global scale. Yet organizational silos, as well as individual “stars” who build their own reputations and revenue streams, often block true collaboration. And, as businesses scale, it becomes more difficult for employees to know—let alone trust—their colleagues located at different sites.
The Absence of a Size Effect: Letting Go Of The Size Premium
Many valuation practitioners believe that there is a size effect and add a size premium to their CAPM cost of equity. In this talk, Cliff Ang will demonstrate why the underlying premise behind the size effect no longer holds and discuss the academic literature and empirical evidence on the absence of a size effect. He then dives into the related issue, which is why valuation practitioners should let go of the size premium.
Valuation Differences Between Emerging Market Companies and U.S. Companies: Corporate Valuation
Emerging markets, such as China, India, and Brazil, are growing in economic influence globally. Increased financial activity related to these markets necessitates a higher number of valuation assignments. Valuing an emerging market business involves a certain number of deviations from the standard approach followed in developed markets such as the U.S. and Western Europe. In this webinar, Jeff Hooke will discuss the process of valuation in emerging markets and how it differs. He is the ...
Double Dipping: The Debate Continues
The experts face off—again. If you missed the first session, don’t miss this one. Join Donald DeGrazia, Robert Levis, and Kim Willoughby as they continue their spirited discussion on the fundamental dilemma in divorce-related financial matters involving the intersection of the division of income-generating assets such as business intangible assets (e.g., goodwill) and incentive stock compensation and consideration of these same assets when analyzing income available for spousal maintenance. Some divorce practitioners believe it is ...
Using Asset Attrition to Determine Useful Life
The underlying assets that make up a business have a finite life, and knowing the rate at which their values decline is a critical skill for determining useful lives under ASC and other appraisal standards. To make this determination, a valuation professional needs knowledge of the underlying value drivers, but they also need a practical understanding of the tools and methods used to assess their values. Join expert Ray Rath for this in-depth session on ...
Private Equity Roll Up of Professional Practices Valuation Considerations
This webinar transcript focuses on private equity roll-up acquisitions of professional practices and the possible effect of these transactions on business valuation.
Valuing Electrical Contractors
The U.S. electrical contracting industry includes nearly 70,000 establishments with a combined annual revenue of about $135 billion, according to the latest industry report from First Research. This potentially creates an increased business demand for appraisers. Get the knowledge you need on key value drivers and normalizations in the industry. Attendees will learn the difference between return on labor and return on investment in order to understand when valuing a job or a company. Take ...
Valuation of Complex Financial Instruments in the Energy Sector
Join our three experts as they provide an introduction to the most common complex financial instruments utilized in the energy sector and their intended purposes. This program will cover the various methodologies, including Monte Carlo and lattice modeling, with a special focus on valuing these instruments for fair value purposes. Discussion will also include common over-the-counter securities that are not exchange-traded. Matthew Goldberg, Ernie de Lachia, and Pablo Alfaro of BDO Consulting will share their ...
The Double Dipping Debate
The experts face off. Join Donald DeGrazia, Robert Levis, and Kim Willoughby for a spirited discussion on the fundamental dilemma in divorce-related financial matters involving the intersection of the division of income-generating assets such as business intangible assets (e.g., goodwill) and incentive stock compensation and consideration of these same assets when analyzing income available for spousal maintenance. Some divorce practitioners believe it is appropriate to consider these income-generating assets as either property for division or ...
Cost of Capital Professional: Transparent. Simple. Free.
The newest resource for developing cost of equity capital estimates has arrived. The inputs to cost of capital have become so complex that the risk of making errors has increased greatly. This new cost-effective resource from BVR integrates data from multiple sources, including University of Chicago’s Center for Research in Security Prices (CRSP) data, Professor Aswath Damodaran’s data resources, and the U.S. Federal Reserve on Treasury bond yields. The philosophy behind the resource is to ...
BVResearch Pro: A Complete and Cost-Effective BV Library
BVR has amassed 25 years of the collective knowledge of the business valuation profession’s top thought leaders and packed it all into a single new cost-effective platform called BVResearch Pro. This program will show you the platform, what it includes, and how it can help you. You will see how the platform’s powerful search engine puts a complete library of insights, news, legal analysis, and commentary right at your fingertips.
Valuing Midstream Oil and Gas Companies
Join BVR for this special session on valuing midstream oil and gas companies. Experts Tom Ramos and Dan Visich, both of BDO Consulting, will review the unique issues facing oil and gas companies in this market and the factors that impact value in what promises to be an engaging webinar.
Agree to Disagree: Perils of Bias in Valuation
Appraisers often disagree. Sometimes there is a big value gap, sometimes there is not. How do you reconcile when there is a large difference? What are the key assumptions that create the significant deviation—and potentially expose the bias? This session with Courtney Sparks White and Marc Bello will walk through the typical assumptions that are disputed and provide the appraiser with information to mitigate disagreement early. If you are an appraiser involved in disputed matters ...
Cannabis Industry and Valuation Update
As a high growth industry, cannabis business valuations are in demand. But, in this highly regulated industry, many “must know” considerations impact engagements. Join experts Brenda Clarke, Stacey Udell, and Ron Seigneur for a discussion of the trends and opportunities facing the cannabis industry. Learn about the sales and tax issues that must be considered, and get an update on M&A and investment activity that are powering values. This experienced panel answers your cannabis questions ...
Stop Overvaluing Synergies: Master These Skills
An acquisition price is often rationalized on the premise that the combined enterprise will be more valuable than the two separate businesses. Quantifying the potential synergy value in a business combination is a challenge for both financial experts and the management team tasked with achieving those synergies. Verifying and quantifying this potential value with skill and accuracy is a talent that will distinguish you from your peers. Join expert appraisers Jeff Litvak and Brent Miller ...