Strong agenda for ASA Fair Value Conference in New York City April 30
Nationally recognized speakers and timely topics will be featured at the 2019 ASA Fair Value Conference in New York City April 30.
In re Aerogroup International, Inc.
Bankruptcy court performs allocation analysis to divide proceeds from section 363 asset sale between two competing lenders, finding debtor’s intellectual property is most valuable asset; court notes that, at time of sale, debtor was neither healthy going concern nor subject of forced liquidation.
New CEO for the ASA
After an exhaustive search, the American Society of Appraisers has named Johnnie White, CAE, CMP, as its new CEO effective April 15.
The Legend of Weighted Average Return on Assets and Benchmarking Purchase Price Allocation Data
The author's research shows that only current assets, non-competes, and customer relationships have any predictability to WACC in limited industries. In general, when intangibles have significance, their coefficients are negative, which reduces WACC and implied risk. This finding supports the claim by Lev and Gu (2008) that intangibles are important assets, which reduce, not increase risk. The concept that intangible always should have a premium above WACC is unfounded, and the premise of ARM 34 that intangibles are ancillary assets is outdated. The author suggests and alternative method to use purchase price allocation data to support the selection of premiums above WACC.
Global BV News: IVSC interviews Brand Finance CEO
Brand Finance was the first brand valuation consultancy to become a member of the International Valuation Standards Council (IVSC).
Global BVU News and Trends March 2019
Business valuation news from a global perspective.
BVU News and Trends March 2019
A monthly roundup of key developments of interest to business valuation experts.
Global BV News: Celebrity brand value in India
Virat Kohli, captain of the Indian cricket team and a youth icon, has topped the powerful celebrity brand list of Duff & Phelps for the second year in a row, according to its Celebrity Brand Valuation Report: “The Bold, the Beautiful and the Brilliant.”
Tips for Valuing—and Designing—Buy-in and Buyout Agreements for Medical/Dental Practices
After hundreds of engagements, the author identifies a number of best practices for both the valuation analyst and the consultant with respect to buy-in/buyout arrangements.
Work File Checklist for Documenting the Fair Value of Inventory
A practice aid based on the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangibles Valuation (CEIV) credential.
BVU News and Trends February 2019
A monthly roundup of key developments of interest to business valuation experts.
PwC examines SEC comment letters
You can learn a lot from the large amount of back-and-forth communications between the SEC and companies over fair value measurement issues.
Goodwill impairments up 23% in 2017
Total goodwill impairment rose to $35.1 billion in 2017, up 23% over the prior year, according to the “2018 U.S. Goodwill Impairment Study” by Duff & Phelps.
Experts clash over definition of ‘net worth’ in New Jersey buyout dispute
Business partners often think that a buyout agreement will forestall future conflicts. A recent New Jersey case proves the opposite.
Work File Checklist for Documenting the Fair Value of Contract Liabilities
A practice aid based on the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangible Valuations (CEIV) credential.
Verizon’s $4.6 billion impairment
What’s in a (brand) name?
BVU News and Trends December 2018
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends December 2018
Business valuation news from a global perspective.
Work File Checklist for the Reconciliation of Intangible Asset Values
A practice aid based on the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangibles Valuation (CEIV) credential.
Namerow v. PediatriCare Associates, LLC
In pediatrician buyout suit, court says practice’s operating agreement requires net worth calculation; court agrees with defense expert’s definition of “net worth” as the value of assets minus liabilities, as stated in the balance sheets, and rejects proposed inclusion of intangible assets.
Court Says Expert’s Inclusion of Intangible Assets Violates Buyout Agreement
In pediatrician buyout suit, court says practice’s operating agreement requires net worth calculation; court agrees with defense expert’s definition of “net worth” as the value of assets minus liabilities, as stated in the balance sheets, and rejects proposed inclusion of intangible assets.
New Forbes list points up right of publicity issue
When a celebrity passes away, a large chunk of value in the estate may come from the “right of publicity,” which is a form of intellectual property that covers an individual’s name and likeness.
Work File Checklist for Discount Rates Applicable to Various Assets
A practice aid based on the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangibles Valuation (CEIV) credential.
BVU News and Trends November 2018
A monthly roundup of key developments of interest to business valuation experts.
Global BV News: Global intangible value soars; most undisclosed
Global intangible value has surpassed $50 trillion for the first time in history, reaching $57.3 trillion at the beginning of the current financial year, according to the latest “Brand Finance Global Intangible Finance Tracker” report.