Stowe v. Stowe
In divorce case, appeals court overturns trial court’s valuation for an independent insurance agency; the trial court, without analysis, accepted there was goodwill and adopted expert’s calculation of goodwill using multiple “derived from a non-analogous source applying un-adjusted factors.”
Expert’s Goodwill Calculation Based on Rule of Thumb Sinks Under Appellate Scrutiny
In divorce case, appeals court overturns trial court’s valuation for an independent insurance agency; the trial court, without analysis, accepted there was goodwill and adopted expert’s calculation of goodwill using multiple “derived from a non-analogous source applying un-adjusted factors.”
AICPA issues FAQs on valuation considerations related to the CARES Act
The latest in a series of very useful material from the AICPA is a document that includes FAQs that address questions about the impact of the CARES Act on business valuation.
Volatility Adjustments for Industry, Size and Leverage
How well do you understand the theory and application of industry, size, and leverage adjustments for estimating equity volatility? Do you feel confident explaining it to a new analyst? A client? A judge? It may be time to get more confident. Join James Herr for a discussion of the basic concepts around applying volatility estimates in valuation, covering common pitfalls when calculating the basic volatility measure. Learn the differences between equity and asset volatilities, and ...
AICPA issues FAQs on valuing distressed or impaired businesses
Strong companies may see the current pandemic as an opportunity to fortify their balance sheets and other assets, according to the AICPA’s FAQs on Valuation Considerations When Valuing Distressed or Impaired Businesses.
Valuation and Covid-19 Update: BVR Townhall and Q&A
In part two of this town hall-style event, Michelle Gallagher, Gary Trugman, Stacy Collins, and Harold Martin talk through key impacts of COVID-19 on valuation issues. From cost of capital to family law to guideline companies, the impact on the inputs, approaches, and the business we value is profoundly felt. Experts who have weathered financial crises before are doing a yeoman’s job of keeping current with the ever-changing information. Send early questions and comments to ...
COVID-19 impacts BV conferences
As BV conference season approaches, the obvious question is how the coronavirus is impacting these events.
Valuers and Forensics Experts Converge at the 2019 AICPA FVS Conference
A mix of topics had something for everyone at this conference. Of note were some excellent sessions on expert testimony and there was a definite emphasis on fair value for financial reporting.
BVU News and Trends November 2019
A monthly roundup of key developments of interest to business valuation experts.
Takeaways from the 2019 AICPA FVS conference
There was a healthy turnout of forensics and valuation experts in Las Vegas for the 2019 AICPA Forensic and Valuation Services Conference.
AICPA honors young FVS practitioners
The AICPA’s Standing Ovation Program recognizes young (age 40 is the limit) CPAs holding the Certified in Financial Forensics (CFF) or Accredited in Business Valuation (ABV) specialty credentials who have exhibited exemplary personal achievement.
Pointers for expert witnesses from the AICPA FVS conference
BVWire sat through several excellent sessions involving valuations for litigation purposes at the 2019 AICPA Forensic and Valuation Services Conference in Las Vegas.
BVU News and Trends October 2019
A monthly roundup of key developments of interest to business valuation experts.
AICPA updates practice aid on IP damages
The fourth volume of Calculating Intellectual Property Infringement Damages, an AICPA practice aid, has been issued, and it’s more streamlined and focused than prior editions.
AICPA releases final PE/VC guide
The AICPA has released the final version of a new accounting and valuation guide, Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies, which provides nonauthoritative guidance and illustrations regarding the accounting for and valuation of portfolio company investments investment companies hold within the scope of FASB ASC 946.
BVU News and Trends September 2019
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends July 2019
A monthly roundup of key developments of interest to business valuation experts.
CPAs worried about financial instrument valuations
Over half (55%) of CPAs at companies with complex financial instruments on their books say they are concerned about the valuation of derivatives, according to the AICPA’s “Economic Outlook Survey” for the second quarter of 2019.
Final PE/VC guide out soon from the AICPA
This August or September, you can expect to see a final version of the AICPA’s new Accounting and Valuation Guide Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies.
AICPA issues white paper on CVFI credential
The American Institute of CPAs has issued a white paper that explains the new Certified in the Valuation of Financial Instruments (CVFI) credential.
BVU News and Trends April 2019
A monthly roundup of key developments of interest to business valuation experts.
AICPA launches CVFI credential
First announced in 2017 (see our coverage), the American Institute of CPAs has launched its new credential, the Certified in the Valuation of Financial Instruments (CVFI), with an accompanying performance framework.
Reminder: Comments due on inventory guidance
In November 2018, the AICPA’s Financial Reporting Executive Committee (FinREC) issued an early working draft of inventory valuation guidance, which is part of a broader forthcoming release of the AICPA’s “Business Combinations Accounting and Valuation Guide.”
AICPA extends comment period for inventory valuation guidance
In November 2018, the AICPA’s Financial Reporting Executive Committee (FinREC) issued an early working draft of Inventory Valuation guidance, which is part of a broader forthcoming release of the AICPA’s “Business Combinations Accounting and Valuation Guide.”
Reminder: Comments due on new forensics standard
Comments are due February 28 on the proposed Statement on Standards for Forensic Services No. 1 (SSFS 1) developed by the AICPA’s Forensic and Valuation Services Executive Committee (FVSEC).