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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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Using Option Pricing Models to Quantify Discounts for Lack of Marketability
Many valuation professionals struggle with applying option pricing models to estimate discounts for lack of marketability (DLOM). With multiple option pricing models including European put options, shout put options, look-back put options, Asian put options, forward-starting put options, and perpetual exchange options, there is complexity that cause many to steer clear of options for purposes of estimating DLOM. Josh Angell clearly and practically explains the theoretical basis for the option models, as well as explores ...
Discount for Lack of Marketability for Any Restriction Period: Mastering the Average-Strike Put Option Model
Everyone knows that stock transfer restrictions limit a share’s marketability and reduce its value, but did you know the accuracy of value of an average-strike put option DLOM model worsens as the restriction period lengthens? Join John Finnerty for this master-level session on determining an accurate average-strike put option DLOM for whatever restriction period the engagement calls for. Be confident when others see complexity, and fortify your DLOM knowledge with step-by-step instructions in advanced scenarios.
Expert Insights: Q&A With Ron Seigneur
Be the first to experience the debut of BVR’s newest series: Expert Insights. Join host Jim Alerding as he asks the questions you want answered. Expert Insights brings in-depth interviews and a personal perspective from those impacting the profession. In this session, join our premiere expert, Ron Seigneur, well known for both his intelligence and his personality. Take this opportunity to learn tips on building your personal brand and gaining experience as an expert witness.
Noncontrolling Interests in Business Combinations
Determining the fair value of a noncontrolling interest (NCI) can be as difficult as determining whether discounts are necessary. And quantifying discounts, if applicable, requires many complex considerations and involves significant judgment. To properly evaluate the cash flow, risk, and marketability of a NCI, both qualitative and quantitative analyses must be performed to determine the unique characteristics of the equity interest being valued. Join Lindsay Hill, Chad Bruntz, and Arlene Towarnicke for a walk-through of ...
ESOPs for Government Contractors
Part 2: Join experts Nathan DiNatale and Mark Zyla for this example-filled expansion on ASC 805 and 820. In this second session, learn best practices for applying the theory of valuing intangibles into your practices. Get tips on the practical components of fair value such as documentation and resources to utilize. Come away with actionable steps for a better valuation flow.
Treasonable Compensation? The Continued Misapplication of the Excess Earnings Method
Just when BV practitioners thought that reasonable compensation in professional practices had been figured out, Kevin Yeanoplos and Ron Seigneur are here to stir things up. The (mis)application of the excess earnings method has vexed appraisers to no end. In this session, you’ll confront the most common errors that you don’t even know you are making when it comes to reasonable compensation. Be a part of this practice-changing session.
The Application of Professional Judgment in a Data-Driven World
In the 36 years since the first edition of Shannon Pratt’s Valuing a Business was published, we have seen a proliferation of data, tools, and techniques for business valuation. Some of these have been incredibly useful, leading to more reliable valuations and ushering in a new era of “evidence-based business valuation.” However, this proliferation has made it difficult for appraisers to keep up-to-date on the latest developments in the field. There are also concerns that ...
The Due Diligence Imperative in the Era of Value-Based Reimbursement
With the emergence of value-based reimbursement, such as accountable care organizations (ACOs), clinically integrated networks (CINs), and bundled payment models, which rely on achieving the “Triple Aim” of healthcare at lower cost, U.S. hospitals and other service providers are increasingly looking to change how services are being delivered by seeking more collaborative relationships with physicians. The rise of these emerging healthcare organizations (EHOs) to address value-based reimbursement initiatives has led to a growing number of ...
Valuing Micro and Small Businesses in the Shadows of COVID-19
Valuing micro and small businesses in the shadow of COVID-19 is daunting. COVID-19’s effects on the economy has magnified risk and uncertainty for small business, making the job of valuators more difficult. Join small business broker, attorney, valuation professional, and author Gregory Caruso for a deep dive into problematic areas of actual small-business valuation cases. With a review of how the theory ties into the actual application of methods using best practices and professional judgment ...
Valuation Jubilee: Celebrating BVR’s 500th Event
Don’t miss the all-star lineup for the "Valuation Jubilee: Celebrating BVR's 500th Event." Spend a half day listening to this master class session and learn from the profession's thought leaders as they deliver concise lessons that make an extraordinary impact on your practice and career. Hear expert after expert share the knowledge they’ve gained throughout the years. The business valuation profession has progressed (and so has BVR, remember our teleconferences, anyone?), and we are excited ...
DLOM: Building, Supporting, and Reconciling Multiple Models
There are 75 methods to determine a DLOM. Navigate through the maze of methods with experts Jim Alerding and Josh Angel as they point out the primary methods that you need to master. With a fresh understanding after researching and co-writing the Discount for Lack of Marketability Guide and Toolkits, our experts show you how to determine a DLOM from those methods, and, more importantly, they help you build the knowledge on how to support ...
Cannabis and Hemp: Valuation and Industry Update
As a high growth industry, cannabis and hemp business valuations and damages assessments are in demand. But, in this highly regulated industry, many “must know” considerations impact these engagements. Join experts Ron Seigneur and Ryan Cram for a discussion of the trends and opportunities facing these dynamic industry segments. Learn about the continuing regulatory and tax issues that must be considered and get an update on M&A and investment activity that are powering values. Ron ...
Changes in Urgent Care Center Valuation: Are You Keeping Pace?
Is your finger on the pulse of changes happening in urgent care centers? As the buyer landscape changes and observed transaction structures shift, it is critical that you keep your body of knowledge current. Join experts Elliot Jeter and Corey Palasota for this dissection of the ever-evolving urgent care industry. Participants will learn about the current market dynamics, comparable transactions, and recent pricing changes. Jeter and Palasota will also share views of “retail” medicine and ...
Demystifying the Complex World of Discounts for Lack of Marketability
25%? 35%? 45%? What's the deal with discounts for lack of marketability? Pasquale Rafanelli dives into what DLOMs are, when they should be applied, and how to apply them. Learn about the different types of approaches and methods that valuation experts can use to quantify the DLOM, along with practical pros and cons of each approach and method.
Demystifying the Complex World of Discounts for Lack of Marketability (Part 1)
Please note: This is a rebroadcast. 25%? 35%? 45%? What’s the deal with discounts for lack of marketability? Pasquale Rafanelli dives into what DLOMs are, when they should be applied, and how to apply them. Learn about the different types of approaches and methods that valuation experts can use to quantify the DLOM, along with practical pros and cons of each approach and method. This session focuses on benchmark study approaches and security-based approaches. Please note ...
Practical Applications of DLOM: Methods and Data (Part 1)
From rules of thumb to complex approaches, determining what methods to use can be as difficult as determining the actual discount for lack of marketability. Join Pasquale Rafanelli and prepare yourself for upcoming DLOM engagements. In Part 1, learn the pros and cons of each method and how to apply and support them. See these concepts applied in the case study-based Part 2.
Valuation in Divorce Litigation: Winning Clients and Testifying in Court
Expert witness engagements are lucrative and profitable. The most accessible stepping stone for valuation professionals is family law, but even seasoned financial specialists will benefit from experts Melissa Gragg and Kristin Zurek’s insights. Learn to market your valuation skills to family law attorneys and to navigate the courts successfully. Be ready when you receive a subpoena for deposition and when called to testify in court—even if it is your first case. Gragg and Zurek will ...
Practical Considerations for Valuing Imaging Centers
One thing consistent in healthcare is change. With continued increasing regulatory initiatives and consolidation and integration in the healthcare delivery system, imaging centers continue to be an area of focus for healthcare valuations. Trends in the healthcare economy are leading to alliances with, and acquisitions of, imaging centers by a variety of suitors. Valuation challenges abound, requiring the professional valuator to be able to demonstrate a strong understanding of the factors of influence on imaging ...
NFT Valuation: What You Need To Know
In 2021, nonfungible token (NFT) prices drastically increased and then dropped substantially just over year later. These digital assets can be difficult to grasp, but they now play a role in personal investment portfolios and on company balance sheets. As a result, valuations of digital assets will be needed for issues such as divorce litigation, estate valuations, bankruptcy litigation, fair value measurements, and more. This presentation will demystify these investments and teach attendees how the ...
Side Effect of COVID-19: Beta Changes Impacting Business Valuations
The COVID-19 pandemic is causing betas and other measures of risk commonly used in company valuations to appear to have changed. Beta is a critical component used by valuation experts when determining the discount rate in business valuation. Even small changes in betas can cause large changes in the discount rate and, consequently, can cause large changes in valuation. In this panel discussion, Dr. Roper and Cliff Ang, CFA, will describe how the COVID-19 pandemic ...
Recent Cases from the Delaware Chancery: What Appraisers Need to Know Now
Join Bill Kennedy for a summary of key valuation issues ruled on by the Delaware Chancery and Delaware Supreme Court. Get coverage of recent cases and discover trends seen in the courts. Learn how the courts have treated the different valuation methods in recent cases, as well as factors to consider when applying the methods. No matter where you practice, the takeaways from this session will help valuation professionals deliver a quality, litigation-ready report.
Valuation Approaches and Methods—Which Do I Use, When, and Why
The inclusion or exclusion of a specific valuation approach or method can often change a business’s value by more than 10%. So, regardless of whether you are a listed user of a valuation, a CPA/appraiser providing an opinion of value, or are reviewing a valuation for reasonableness, how do you know which valuation approaches and methods should be used, when they are (not) applicable, how to weight those used/applicable, and, most importantly, why?
Reasonable Compensation After the Tax Cuts & Jobs Act: To Infinity and Beyond
Many owner-employees are looking at their compensation options under the Tax Cuts and Jobs Act of 2017. Join Ron Seigneur and Kevin Yeanoplos as they explore how these options impact value. The primary focus is in relation to the new 20% deduction of Qualified Business Income for eligible pass-through entities, but discussion will also include the relevant reasonable compensation impact for all business owners. Appraisers should also take this opportunity to get refreshed on owner-employee ...
Imaging Centers: Developing a Value
Due to recent actions in the health insurance market, as well as continued increasing regulatory initiatives and consolidation and integration in the healthcare delivery system, imaging center transactions continue to be in play. Trends in the healthcare economy are leading to alliances with, and acquisitions of, imaging centers by a variety of suitors. Things have changed. Valuation challenges abound, requiring the professional valuator to be able to demonstrate a strong understanding of the factors of ...
Back to the Future? Exploding the Income Approach
Seeing the future? Compensating for excessive compensation? The feared levering and unlevering! What to do? Well don’t discount the advice of this expert panel as they work their way through the income approach from top to bottom. Join Bethany Hearn, Brenda Clarke, Kevin Yeanoplos, and Bob Dohmeyer in this entertaining and engaging web workshop. Half this event will focus on the numerator with a curated selection of hot issues such as forecasting, free cash flow ...