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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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Emerging Markets for Minority Interests
Minority interest holders have been looking for easier ways to sell interests for decades. Beginning with the real estate secondary limited partnership market in the 1980s, several initiatives have been undertaken to create opportunities for both sellers and buyers. Join Christine Baker and Charlie Sheridan for a discussion on alternatives available today for a minority investor and consider whether today’s market might impact appraisers’ and valuators’ traditional views of nonmarketable, minority interests. Get a front ...
Power Panel: Trends and Issues in Business Valuation
The panel provides an overview of some of the hottest topics in the business valuation profession. Among the topics are: artificial intelligence; environmental, social, and governance (ESG); reasonable compensation resources; Department of Labor adequate compensation (ESOP) update; expert hot-tubbing; Daubert challenges; federal rules applicable to valuation/litigation experts; interesting case decisions/case law update; high-inflation environment and the cost of capital; company-specific risk premium in today’s environment; market multiples and trends in M discount for lack of ...
How to Conduct an S Corp Valuation for the IRS Given IRS Internal Memorandums
Join Michael Gregory for a discussion on two recently obtained internal IRS memorandums so that you can work more effectively with the IRS on estate and gift tax valuations. These memorandums shed light on how the IRS approaches valuing S corporation valuations and what you need to consider when preparing an S corporation valuation for federal tax purposes. The memorandums recommend consideration of both Revenue Ruling 59-60 and the IRS Job Aid on Non-Controlling Interests.
BVLaw Case Update
Join Jim Alerding, a veteran valuator, and, Sylvia Golden, BVR’s legal editor, as they discuss six recent valuation and damages cases, including reviewing the applicable legal and valuation principles and highlighting developments in various litigation contexts. This selection of state and federal cases features a controversial buyout case, several contract actions with problematic damages evidence, and divorce proceedings featuring conflicting valuation methodology.
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 ...
Asset Tracking and Fraud Analysis in Divorce
Part 4 of BVR's Advanced Webinar Series on Business Valuation in Divorce features experts Donald DeGrazia and Donald Glenn on how to identify, analyze, and quantify claims for fraud in marital dissolutions. Whether for purposes of tracking assets or assessing fraud, DeGrazia and Glenn will show how appraisers can put their skills to work to benefit their clients.
Valuing Trained and Assembled Workforces in Healthcare Provider Entities: A Deep Dive
When valuing trained and assembled workforce (TAWF) in healthcare provider entities, such as physician practices, imaging centers, hospitals, ASCs, and the like, many appraisers get it wrong. Experts Tim Smith and Angie Smith discuss the most common reason including a misunderstanding of the correct application of the cost approach as currently formulated in the professional literature or the nature of training for healthcare provider employees, especially for physicians. Often appraisers have not correctly analyzed functional ...
Landmark ESOP Ruling: Inside the Walsh v. Bowers Case with the DOL
Join experts Ken Pia and Ian Rusk for a deep dive into the recent ESOP case decision involving the Department of Labor, a Hawaii-based ESOP company (Bowers & Kubota), the ESOP’s trustee, and selling shareholders. Many key valuation issues and standards were addressed through expert testimony and later in the district court’s decision. The expert witnesses for the defense will walk the participants through each phase of the case through the trial and court’s decision.
Buy-Sell Agreements: Opportunities & Challenges for Business Appraisers (Part 3 of 3)
Teleconference Presentation & Transcript July 19, 2007 Moderator: Z. Christopher Mercer, CEO of Mercer Capital Panelists: Roger J. Grabowski, Managing Director of Duff & Phelps, LLC James R. Hitchner, Managing Director of The Financial Valu ...
Fair Value Measurements in 2020
CEIV. MPF. IVS. In the world of Fair Value Measurement it can be hard to keep your acronyms straight let alone keep your pulse on the latest developments. Expert Mark Zyla leads the demystifying session to help the rest of us to stay current on the issues. Bring questions and start 2020 off right with a kick off session from the man who literally wrote the book on Fair Value Measurements.
Cost of Capital Professional: Gain the Edge With New Enhancements
The newest resource for developing cost of capital estimates is now even better. Since January, users have been able to use beta-adjusted size premiums, select arithmetic or geometric averages, compute weighted average cost of capital (WACC), and more. With the new enhancements, the Cost of Capital Professional has maintained its principles of simplicity, transparency, and flexibility in a world where the inputs to cost of capital have become so complex that the risk of making ...
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.
Solvency Opinions: Legal Insights and Best Practices for Valuation
The assessment of a firm's ability to remain solvent after a leveraged financial transaction requires a solid understanding of capital structures, underlying assets, and basic valuation principles. Solvency opinions continue to be an important component of transaction types as transactions continue to face high levels of regulatory scrutiny and possible litigation. Expert Craig Jacobson and attorney Stephen Selbst examine the best practices, emerging trends, and upcoming challenges for the determination and authorship of solvency opinions.
Event Studies in Security Litigation: Strategy and Tactics
The Supreme Court decision in Halliburton II was a game changer in the strategic timing and tactical scope of event studies for both plaintiffs and defendants in “fraud-on-the-market” litigation. This decision accelerated the timing and elevated the importance of robust price impact analyses performed by valuation experts on behalf of both plaintiffs and defendants. Attend this webinar and come away with important and specific guidelines for the execution of event studies in securities litigation post-Halliburton ...
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 ...
S Corps … What a Long, Strange Trip It’s Been
It would seem that at the confluence of academic research, real-world appraisal experience, and judicial precedent lies consensus on how to properly value S corps and other pass-through entities. Despite the efforts of many, however, a definitive method has yet to be discovered. In this webinar, expert appraiser Nancy Fannon examines how these and other fonts of pass-through knowledge can be synthesized to create an effective, reliable, and defensible technique for pass-through entity valuation.
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 ...
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.
Valuing Dialysis Clinics
Dialysis clinics represent a complex confluence of generic and healthcare-specific challenges for business appraisers. These medical entities are highly regulated, dependent on a variety of patient reimbursement models, and at the mercy of their patient mix, geographic location, and relationship with local nephrology practices. In Part 9 of BVR's 2013 Online Symposium on Healthcare Valuation, expert appraiser Jim Lloyd will address what every appraiser should know when valuing a dialysis clinic.
Employee Stock Ownership Plans: Legal, Business & Governmental Strategies
Employee Stock Ownership Plans: Legal, Business & Governmental Strategies Teleconference Handbook February 19, 2009 Panelists: Nancy Fannon, ASA, CPA/ABV, MCBA and Jonathan Dunitz, Esq.
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 ...
The Excess Earnings Method
The sources of confusion, criticism, and, at times, derision, the excess earnings method (EEM), or "hybrid" or "formula" approach, is a challenging, yet useful tool for many appraisers. Despite use in the valuation of intangible assets for divorce, small business, and fair value settings, among others, its full range of applications and proper implementation remains clouded. In this webinar, expert appraiser James Alerding leads listeners through the EEM, its history, and its implementation to provide ...
The IRS’ Proposed Section 2704 Regulations: The Impact on and the Future of Estate and Gift Valuation
On Aug. 4, 2016, the IRS published in the Federal Register a set of proposed new regulations under Chapter 14, Section 2704 of the Internal Revenue Code. These proposed regulations would have a significant impact on the valuation of private-business entity interests for transfer tax (estate, gift, and generation-skipping) purposes. Join expert Curt Kimball and Chris Mercer for a dive into the valuation impacts and a discussion of what the IRS is attempting to do ...
Advanced Workshop on Taxes and Value: Guidance on the S Corporation Valuation Puzzle
By popular demand, BVR is hosting Nancy Fannon and Keith Sellers for a special encore presentation of the hottest topic of the year: Taxes and Value: Guidance on the S Corporation Valuation Puzzle. In this replay of the blockbuster spring session, the presenters challenge traditional notions about the differences in value between a pass-through entity and the public-market C corporation and reveal an abundance of research that shows that shareholder-level taxes do indeed affect a ...
Advanced Workshop on Taxes and Value: Guidance on the S Corporation Valuation Puzzle
Join Nancy Fannon and Keith Sellers for a special four-hour workshop as they challenge traditional notions about the differences in value between a pass-through entity and the public-market C corporation and reveal an abundance of research that shows that shareholder-level taxes do indeed affect a firm’s value. This workshop will guide participants through the evidence they need to support their valuation conclusions as they learn a new, more direct approach to pass-through entity valuation.