Trugman’s Understanding Business Valuation has hit the stands!
The PDF version of the new sixth edition of Understanding Business Valuation (UBV6) has been published and is now available.
Auto Konnect, LLC v BMW of North America, LLC
The U.S. District Court (Michigan) denied motions to exclude the plaintiff’s and the defendant’s expert witnesses and granted motions from both parties to exclude “expert” testimony from lay witnesses. The case involved alleged breach of contract on the part of the defendants regarding raiding of the plaintiff’s employees, and damages related thereto.
U.S. District Court Denies Motions to Exclude Experts but Grants Motions to Exclude Lay Witnesses ‘Expert’ Testimony
The U.S. District Court (Michigan) denied motions to exclude the plaintiff’s and the defendant’s expert witnesses and granted motions from both parties to exclude “expert” testimony from lay witnesses. The case involved alleged breach of contract on the part of the defendants regarding raiding of the plaintiff’s employees, and damages related thereto.
Shannon Pratt's Valuing a Business - Preserving a Legacy
I am fortunate to have co-authored several books with Shannon. While I had gotten to know Shannon through conferences as well as through teaching valuation courses together, our collaboration began in August 2006 when Shannon asked me to co-author the Cost of Capital 3rd edition.
International Valuation Glossary—Business Valuation
Business valuation providers and users benefit from common understanding of terms with clearly established meanings and consistent application throughout the profession. To this end the following societies and organizations have worked collaboratively to compile definitions for the terms included in this Glossary ...
AICPA bridges the VS 100-IVS gap
For those valuation experts who must comply with both the AICPA’s valuation standards (VS Section 100) and the International Valuation Standards (IVS), the AICPA has issued a “bridging” document.
Global BV News: IVSC launches survey on ESG and valuation
The International Valuation Standards Council (IVSC) would like to hear from business valuation providers, users, and investors on the issue of environmental, social, and governance (ESG).
Dispelling the ‘hired gun’ perception of testifying experts
A question often comes up: “How can two qualified and experienced business valuation experts analyze the same company and come up with widely disparate values?”
BV News and Trends February 2022
A monthly roundup of key developments of interest to business valuation experts.
Global BV News and Trends February 2022
Business valuation news from a global perspective.
Thumbs-up reviews for UBV6 and VAB6
The March issue of Business Valuation Update has reviews of two important books that are about to be released: Understanding Business Valuation, 6th edition (UBV6), by Gary Trugman (Trugman Valuation) and Valuing a Business, 6th edition (VAB6), originally written by Shannon Pratt and updated by a team of contributors.
TAF seeks candidates for its board of trustees
The Appraisal Foundation (TAF) is searching for candidates to serve on its board of trustees.
Global BV News: CBV Institute releases videos on intangibles
The CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter, has released a three-part series of video interviews on the valuation of intangible assets.
Collaborate With Valuation Professionals Who Complement Your Strengths to Better Serve Clients
Join Erika Heiser and Victor Werley to learn how to effectively collaborate with other valuation professionals to better meet clients’ needs. Fostering a relationship with other professionals helps create a trusting and client-centric environment that ensures basic business functions, such as confidentiality agreements, co-branding, and logistics, are met, which are critical to long-term success. As a result, you can better serve clients, generate more professional opportunities, become experts in specific fields, create a sounding board ...
‘Brain drain’ is top challenge to appraisal profession, per ASA’s White
“Perhaps the greatest challenge facing the appraisal profession now and soon is the sunsetting of careers by baby boomers and their exit from the workforce,” says Johnnie White, CEO of the American Society of Appraisers, in an interview.
Looking for a few good industry experts
BVR has done a series of webinars and What It’s Worth guides that cover specific types of firms, such as restaurants, construction companies, law firms, breweries, wineries, automobile dealers, and even paving contractors.
Global BV News: Three valuation firms enter Saudi market
PricewaterhouseCoopers (PWC), Baker Tilly, and Land Sterling have entered the Saudi market, bringing the number of international valuers in the kingdom to nine, according to Saad Al-Baiz, director of communication at the Saudi Authority for Accredited Valuers (Taqeem).
NACVA adds 51 newly credentialed members
The National Association of Certified Valuators and Analysts (NACVA) has more credentialed appraiser members than both the AICPA and American Society of Appraisers (ASA) combined.
2021 Thomas Burrage Award recipient named
The Expert Resource Connection (ERC) has bestowed this year’s Thomas Burrage Award upon Gail Markham, CPA, ABV, CFF, CFE, and CFP®.
Global BV News: European goodwill impairment up 49% in 2020
Total goodwill impairment recorded by European-listed companies in the STOXX® Europe 600 increased for the third consecutive year, rising 49%, to €54.1 billion (bn) in 2020, according to the “2021 European Goodwill Impairment Study,” from Kroll.
Use the ‘stay interview’ to keep good BV people, advises Borrowman
Many business valuation firms are facing a crisis in terms of staffing.
Global BV News: OECD issues updated transfer pricing guidelines
A new chapter on financial transactions is in the 2022 edition of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, which are widely followed.
Cain v. Cain
The Nebraska District Court in this case accepted the value of the wife’s expert testimony at trial as to the value of the husband’s 50% interest in his business. Both appraisers included DLOMs in determining value, and both appraisers utilized appropriate valuation methodologies. The difference in the two valuations is a matter of the difference in professional judgment.
The Nebraska District Court’s Determination of the Value of a Husband’s Business Is Affirmed—Appraisers Used Acceptable Valuation Methodology
The Nebraska District Court in this case accepted the value of the wife’s expert testimony at trial as to the value of the husband’s 50% interest in his business. Both appraisers included DLOMs in determining value, and both appraisers utilized appropriate valuation methodologies. The difference in the two valuations is a matter of the difference in professional judgment.
BV Year in Review 2021: End of an Era
A recap of significant new ideas and developments as reported in over 70 articles and hundreds of news items in the pages of Business Valuation Update during 2021.