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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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Appraisal Review: Common Areas of Critique and Risk in Litigation
In this presentation, we will address subjective valuation inputs and assumptions that require analyst discretion. Traditionally, these are the most contested inputs in litigation. Therefore, a strong understanding of the rationale behind these inputs is critical for successful analysis. Our presentation will include but is not limited to, a discussion of the following: (1) common areas of critique in the context of appraisal review; (2) examples of such subjective inputs and common rebuttal responses; and ...
DLOM Day: An Advanced Workshop
A crisis of consensus. No regulatory or legal clarity. Over 20 possible approaches. Many appraisers deal with this ambiguity by using outdated benchmarks or a rule-of-thumb percentage. Others adopt an approach and apply it to every minority valuation regardless of the circumstance. The solution for the lack of confidence in the profession in addressing discounts for lack of marketability (or overconfidence in a single approach) is not a wholesale adaptation of a single school of ...
Advanced Workshop on Monte Carlo: From Classroom to Boardroom to Courtroom
Get a fresh take on Monte Carlo simulations with the perfect combination of the practical and the theoretical from BVR’s four-hour advanced web workshop, Monte Carlo: From Classroom to Boardroom to Courtroom. Expert intellectual property appraiser Mike Pellegrino will lay the foundation by addressing the origins and theory of Monte Carlo with an emphasis on how to apply it in your valuations. He’ll be joined by Dave MacAdam, who will cover real-world examples from his ...
Using the BPM Total Cost of Equity (TCOE) and Public Company Specific Risk Calculator
In this webinar, Keith Pinkerton and Pete Butler help the listener understand the theory, assumptions and key conclusions behind the BPM, how to analyze the inputs and outputs to the Calculator, and they illustrate practical applications of the BPM to pro ...
DLOM: Volatility Models and Restricted Stock Discounts
Join expert John Stockdale for a practical and comparative look at eight computational DLOM models that use volatility as an input, including option and CAPM-based models as well as the sigma-DLOM curve. Stockdale will compare the performance of these models at varying volatilities to restricted stock discount data from the FMV and Pluris databases to determine how well they work. He will also cover the nuances of restricted stock discount data and how to handle ...
Lost Profits Calculations: Methods and Procedures
In the first installment of BVR's Webinar Series on Damages Essentials, experts Robert Gray and James O'Brien will show the methods and procedures by which lost profits calculations are made. Though built on the same foundations and techniques as most appraisal work, the task of building an unimpeachable lost profits calculation is based upon the rules of the courts in matters of both evidence and technique. The difference between success and failure in this arena ...
Software Company Valuation
Perhaps no business segment in modern history has been as much of a mystery to analysts and watchers as the software industry. In an environment where a great many fail, a few succeed wildly, and some even sell for great prices before even turning a profit, knowing how to properly value a software company can be a challenge at best. With the latest installment of BVR's Industry Spotlight Series, expert appraisers Mike Pellegrino (also a former ...
Applying the Asset-Based Approach? How to Value the Intangibles in a Business or Professional Practice
Stop treating the asset approach as an afterthought. Valuation of both identifiable intangible assets and business/practice goodwill as part of the asset-based approach to business and professional practice valuation is a core skill for any valuation professional. The valuation of intangible assets is often the most important (and most challenging) component of applying the asset-based approach to conclude the going-concern value of an operating company. Join expert Robert Reilly for a discussion on the identification ...
Valuing a Majority Fractional Interest
In Part 4 of BVR's 2011 Online Tax Summit, BVR welcome Neil Mills-Mazer of the Internal Revenue Service for a critical look at the "minority premium" of fractional interest valuations and an introduction of his model in this area. Through his 100-minute presentation, Mills-Mazer will focus on fractional interest valuations, how they account for discounts to majority as well as minority holders, and how justifications for these discounts can be misleading.
Incorporating Industry Research Throughout the Engagement Process (Free Webinar)
In this presentation, the co-founder and CEO of Vertical IQ, Bobby Martin, will share how industry research can help you have more value-added discussions with the business owners you advise. By leveraging industry-specific content in the business valuation process, you will increase new client percentages and strengthen existing relationships. Learn best practices for using industry research to go beyond the basic requirements of business valuations.
Turn PDF Tax Returns into Excel Spreadsheets in Minutes—TaxXL (FREE WEBINAR)
Do you know what financial aspects of the subject company are fundamental to the valuation? In this webinar, we will identify the financial aspects of the subject company that are fundamental to valuation and demonstrate how to use Nambri TaxXL to convert PDF tax forms to Excel spreadsheets. Then, we will use the export from TaxXL to perform a financial analysis of the subject company.
Valuing Technology Based Companies
September 2005 Teleconference Transcript; Panel: Jim Rigby (Moderator), Terry Allen, Darren Cordier, and Rob Schelgel ...
Due Diligence and Valuation in M&A: Conventional and Transformational Transactions
© 2018 Business Valuation Resources, LLC. All Rights Reserved. August 15, 2018 Webinar Handbook Due Diligence and Valuation in M&A: Conventional and Transformational Transactions Featuring: Paul Daddio (Baker Tilly) Ken Fleming (Baker Tilly) Due Diligence and Valuation in M&A: Conventional and Transformational Transactions Please note: This Handbook does not qualify for self study CPE credits. Copyright © 2018 Business Valuation Resources, LLC (BVR). All rights reserved. The materials contained herein represent the opinions of ...
The New ROI: Return on Individuals (Keynote Quarterly)
Ask anyone from the CEO to the shipping clerk about the organization's most valuable asset, and you'll get the same answer: "The people!" However, when it comes to the valuation of that organization, especially in terms of intangible assets, items such as patents and trademarks wind up seeming to be more valuable. How can that be? Simple: They're more quantifiable. Join our panel discussion with Dave Bookbinder (Pine Hill Valuation), Laura Queen (29Bison), Al Cini ...
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 ...
Case Study: Applying the Empirical Method to Determine a DLOM
Is your DLOM accurate? Is your DLOM objective? Does your DLOM result in an increase in the effective rate of return of the investment? Join Bruce Johnson, of Munroe, Park & Johnson, for an in-depth case study that will empower you to answer these questions with even greater confidence. Master the resources and case law you can deploy when creating a defensible opinion in a minority valuation. An understanding of the empirical method is an ...
Alternative Energy—Understanding Critical Business Valuation Issues
Increasing concern on global warming, technological advancements, and the longevity of current energy sources have helped to push alternative energy into the spotlight. Significant investments have been and are being made in a variety of alternative and renewable energy sources as nations commit to cutting back carbon emissions and attempt to become more self-sufficient. Once considered “fringe technology,” they are now established and viable sources of energy that need to be understood in order to ...
Divorce and IP: Are Patent Rights, Copyrights, and Trademarks Still Tied Up After the Knot Gets Untied?
BVR welcomes valuation expert Neil J. Beaton and attorney Thomas W. Wolfrum for an examination of how intellectual properties are valued in marital dissolution cases. This presentation confronts the unique challenges posed by combining the valuation of these intangible assets and addresses the nuances and pitfalls of doing so for the purpose of dividing them among two parties. It covers the types of intellectual properties and intangible assets appraisers are likely to see in family ...
Utilizing the Implied Private Company Pricing Model: The Cost of Capital Wizard
In November 2013, Bob Dohmeyer and Rod Burkert presented a new approach to cost of capital estimation for private businesses whose revenues are less than $150 million. That approach, the implied private company pricing line (IPCPL), uses small private-company transaction data to solve directly for the cost of capital for a typical risk private company with $150 million or less in revenue. In this webinar Dohmeyer, Burkert, and fellow IPCPL co-creator Peter Butler present the implied ...
Hot Topics in Patent Royalty Damages
As recent news reports have shown, patent infringement claims are on the rise, both in volume and in prominence. Accompanying these increases have also been new changes to the statutes and case law that govern patent infringement cases. In Hot Topics in Patent Royalty Damages, expert Richard Bero and attorney Robert Surrette will discuss the tools and analysis used to quantify and prosecute patent infringement claims. From basic techniques through new and emerging trends, Bero and ...
Valuing Real Estate Holding Companies: What to Do When Real Property Is the Business
Tiers, fractions, and divisions are but a few of the keywords that can instantly complicate valuations of real estate holding companies. Whether for estate and gift, auditing, or general assessment purposes, appraisals of real estate holding companies involve a complex mix of multidisciplinary valuation techniques, knowledge bases, and organizational structures. In this webinar, Dennis Webb, an expert business and real property appraiser joins BVR to discuss what every appraiser needs to know when approaching a ...
A Review of DLOM Volatility and Option Models
The studies and tools that measure volatility provide appraisers with powerful information to be used in determining and applying a discount for lack of marketability (DLOM). Yet, of the models available, each has strengths and weaknesses that make its application potentially dangerous, depending on the target business, valuation assignment, or other considerations. In this webinar, expert John J. Stockdale reviews, tests, and interprets the outcomes of these models to provide appraisers with a better understanding of ...
Using Empirical Data to Value Family Limited Partnerships
Recent scrutiny on the part of the Tax Court in reviewing discounts for lack of marketability and control has placed renewed emphasis on the accuracy and defensibility of these adjustments to limited partnership interest appraisals. In addition to objecting to how discounts are substantiated, the court has expressed dissatisfaction over how empirical data are used to derive these discounts and the subjectivity in which those discounts were determined. In Using Empirical Data to Value Family Limited ...
Advanced Topics in Debt Valuation
A sound valuation of any business will incorporate an assessment of the debt that business carries. Yet approaching this analysis and employing the many techniques to perform and apply debt valuations can be perilous, at best. In Advanced Topics in Debt Valuation, experts Vincent Covrig and Dan McConaughy join BVR to address the many aspects in which debt valuation can be performed, applied, misused, misdirected, corrected, and properly implemented. From liquidity and marketability to DCF ...
Delaware Chancery Roundtable: Views From the Bench, Counsel and Witness Stand
Recognized as "the nation's preeminent forum for the determination of disputes" involving private and publicly held businesses, the Delaware Court of Chancery has long been known to appraisers as the source of many of the decisions and guidelines that govern the valuation process. Despite this high standing, much of what is learned from the Chancery is known through the decisions it issues rather than the jurists who author those decisions. On December 8, BVR is pleased ...