BVU News and Trends February 2020
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends February 2020
Regulators, Standard-Setters, VPOsIASB eyes plan to reintroduce goodwill amortizationAs the FASB is doing in the U.S., the International Accounting Standards Board is also exploring whether to reintroduce goodwill amortization. The IASB plans to release a Discussion Paper in early 2020 (February, we hear) for a 180-day comment period to weigh stakeholder interest in amending IFRS 3, Business Combinations, and IAS 36, Impairment of Assets.In conjunction with a recent meeting of the trustees ...
Key issues in valuations for divorce
One of the best attended sessions at last fall’s ICAEW Valuations Conference in London was ‘Valuations in Divorce,’ led by PwC’s Sarah Middleton and Jonny Rodwell. These cases continue to show up in the courts—and in the morning papers.
CFAI argues listed companies cannot afford proposed ‘wasting asset’ treatment of goodwill
BVWire—UK continues to cover the response to early-stage efforts to amortize the world’s goodwill assets.
CFAI issues strong comments regarding goodwill amortization proposal
The CFA Institute (CFAI) recently submitted its lengthy comment letter (41 pages) on the FASB’s Invitation to Comment (ITC) on how to account for certain identifiable intangible assets acquired in a business combination.
Preliminary agenda out for 2020 AAML/BVR National Divorce Conference
Do you share one of the dirty little secrets of valuation?
Global BV News: Video of panel on whether goodwill is a wasting asset
Accounting rule makers across the globe are mulling the idea of upending the current goodwill impairment model and reverting back to one of amortization.
Business valuation essentials: don’t overvalue factored assets
Two years out, Carillion remains the largest trading liquidation under UK insolvency law.
Global BVU News and Trends January 2020
Business valuation news from a global perspective.
Business Valuation OIV Journal Fall 2019
Business Valuation OIV Journal has been created by Organismo Italiano di Valutazione (OIV), the Italian Valuation Standard Setter, to provide a forum for discussion and to foster cultural progress in the field of business valuation. In this issue, articles include "Roundtable: 10 Big Issues in Business Valuation"; "The Limits of Accounting Rates of Return and the Calibration Trap in Applying Accounting-Based Models in Modern Business Valuation Practice"; and "Connecting Economic Value to Company Strategy: Critical Issues and New Perspectives."
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.
2019 Key Business Valuation and Damages Cases
At the end of every year, BVLaw takes stock of valuation and damages cases that have dominated the conversation among financial experts by making law or influencing in some other way attitudes on key valuation issues. Here is our selection of 2019 cases by Sylvia Golden, Esq., BVR’s executive legal editor.
Paper examines goodwill impairment as a leading indicator
As accounting rule makers ponder the idea of upending the current goodwill impairment model and reverting back to one of amortization, a series of papers is exploring this topic.
BVU News and Trends December 2019
A monthly roundup of key developments of interest to business valuation experts.
Valuing a Financial Advisor’s Book of Business
A court may not immediately recognize the value of a financial advisor’s collection of client relationships. The author illustrates this based on a case in which he was one of the testifying experts and also discusses various perspectives on the valuation.
BVLaw Case Update: Kress, Vinoskey plus three more cases that dominated 2019
Join Jim Alerding, a veteran valuator, and Sylvia Golden, BVR’s legal editor, for a discussion of five of the most consequential valuation and damages cases of 2019. This selection of state and federal cases includes the year’s tax decisions that have reframed the conversation on tax affecting, a statutory appraisal case illustrating the Delaware Court of Chancery’s current approach to determining fair value, an ESOP trial court decision that solidifies the DOL’s litigation success, and ...
Pure vs. Salable Personal Goodwill: Drilling Down in Divorce Valuations
Is goodwill pure? Is it salable? It is time to drill down on everything and anything in goodwill in divorce valuations. Join Bob Dohmeyer and Peter Butler in this case study-filled webinar that will bring clarity to your next valuation. Learn why goodwill is such a mess and what frameworks and thought processes can be added to an appraiser’s toolbox.
Goodwill impairments up a whopping 125% in 2018: D&P study
Total goodwill impairment soared to $78.9 billion in 2018, up 125% over the prior year, according to the “2019 U.S. Goodwill Impairment Study” by Duff & Phelps.
Washington appeals court issues key ruling on entity goodwill
In a “complicated” (court’s word) dissolution case, the Washington Court of Appeals recently made an important ruling on whether a professional limited liability company (PLLC) can have goodwill separate from the goodwill of the professionals.
Valuers stress concerns about goodwill impairment vs. amortization
The last issue of BVWire covered the morning session of the full-day roundtable discussion at FASB headquarters on the standard-setter’s Invitation to Comment (ITC) on moving from the current impairment model for goodwill to one of amortization or a hybrid approach.
Intangibles often require their own discount rates to derive WACC, Shaw and Higgs report
Since there are very few comparable statistics, analysts often need to assemble their own matrix of required asset return rates for enterprises with intangibles, Steve Shaw (Financial Seminars) told attendees at last month’s ICAEW Valuation Community Annual Conference in London.
Global BVU News and Trends November 2019
Business valuation news from a global perspective.
McLelland v. Paxton
In dissolution dispute, appeals court affirms trial court’s finding, based on plaintiff expert testimony, that dissolved professional LLC had entity goodwill at trial based, in large part, on ownership of three leases and operation of offices that doctors could use upon termination of partnership.
Washington State Appeals Court Adopts Rule on Entity Goodwill in Professional LLC
In dissolution dispute, appeals court affirms trial court’s finding, based on plaintiff expert testimony, that dissolved professional LLC had entity goodwill at trial based, in large part, on ownership of three leases and operation of offices that doctors could use upon termination of partnership.
FASB absorbs feedback on goodwill impairment vs. amortization
A mix of stakeholders participated in a full-day roundtable discussion at FASB headquarters in Norwalk, Conn., on November 15.