Expert’s ‘Judgment’ in Selecting Growth Rate Needs Proof of Guiding Principles
Court declines to reconsider Daubert ruling, finding the expert failed to support his selection of the growth rate in lost profits calculations with reliable, guiding principles.
Manpower, Inc. v. Insurance Co. of Pennsylvania (II)
Court declines to reconsider Daubert ruling, finding the expert failed to support his selection of the growth rate in lost profits calculations with reliable, guiding principles.
FASB provides major new opportunity for appraisers - part 2 of 2
The Financial Accounting Standards Board (FASB) issued Statements of Financial Accounting Standards (SFAS) 141 and 142 in the fall of 2001. SFAS 142 changes the accounting for goodwill from an ...
FASB provides major new opportunity for appraisers - part 1 of 2
The two statements issued by FASB this fall, Statement No. 141, Business Combinations, and Statement No. 142, Goodwill and Other Intangible Assets, will change the accounting for intangible as ...
"Less time to write-off goodwill"
"FASB Focuses on Intangible Assets," Scott L. Beauchene , Valuation Strategies , March/April 2000, pp. 4-11, 47. This article discusses the Financial Accounting Standards Board (FASB) September ...
Goodwill amortization period reduced
" FASB To Limit Amortization Period for Goodwill from 40 to 20 Years," PULSE , June 1999, pp. 8,12. The Financial Accounting Standards Board has announced plans to reduce the amortization period fo ...
Valuing a Contingent Liability
"Valuing a Contingent Liability," King, Alfred M., M&A Today , April 1999, pp. 10-11. During an acquisition, when a buyer and seller disagree about the earnings outlook for the target company ...
FASB releases report on business combinations issues and presents concepts for present value measures
At its August 21, 1996 meeting, the Financial Accounting Standards Board (FASB) decided to add to its technical agenda a project on accounting for business combinations. The objective of the project ...
Admissibility of the business appraiser's testimony: Disqualification can leave the client empty-handed
Michele Miles wears two hats: She is a commercial trial lawyer with Becker & Poliakoff, P.A., with whom she has been associated since 1984, and is also a director of the Institute of Business Appr ...
1997 annual AIMR conference addresses key accounting changes
Two presentations relating to U.S. accounting standards were of particular interest at the Association for Investment Management and Research ( AIMR ) annual conference held May 11-14 in New Orleans ...
'Book Value' by 'General Accounting Principles' Does Not Necessarily Mean GAAP
Defendant, Oliver Trittler Jr., is the personal representative of an estate.
No 'Accountancy' Approach; Court Upholds Arbitration
Gregory J. Grambow, former president of Associated Dental Services Inc., (ADS Inc.), had 20% stock interest in ADS Inc.
Lake Cable and Buhrow v. Trittler
At issue is whether the term "book value" was erroneously interpreted, resulting in a calculation of a substantially insufficient value, in corporate stock restriction agreement.
Gregory J. Grambow v. Associated Dental Services
At issue is whether the determination of the value of Grambow's shares under a post-employment stock redemption plan is not subject to arbitration and, therefore, the arbitrators exceeded their authority when they determined the value of the shares.