In a post-Sarbanes-Oxley environment enhanced transparency and officer accountability is paramount, particularly when valuing and reporting of fixed assets such as land, building, vehicles, furniture and plant and machinery equipment. For many companies, fixed assets represent a significant component on the balance sheet. Inaccurate fixed asset values can increase financial and operational risk and impact potential mergers and acquisitions, purchases or sales, asset-back financing or insurance replacement costs.
The American Society of Appraisers is pleased to announce the offering of “ME211 Business Valuation Concepts for Fixed Asset Appraisers” course to be held September 14, 2014 in Savannah, GA and October 25, 2014 in Toronto, ON CANADA. Offerings will take place prior to the 2014 International Appraisers Conference and the 2014 ASA-CICBV Business Valuation Conference. The courses have been scheduled prior to these popular conferences so that members and attendees could maximize their conference experience and save on travel expenses.
The course will cover a wide range of topics of interest to fixed asset appraisers. Discussion will include general business valuation concepts such as discount rate development and general valuation theory for an operating business enterprise. Important topics such as relative rates of return for different asset categories, the impact of depreciation expense and the related tax savings on the value of fixed assets, economic obsolescence and other topics will be covered.
The course is designed for students with a working knowledge of general valuation concepts for fixed assets as well as basic knowledge of financial concepts.
Key takeaways include:
- An awareness of technical guidance on business and intangible asset valuations;
- An understanding of key elements of the Income Approach (business valuation perspective);
- A recognition of key concepts related to risk and cash flow; and
- An understanding of the allocation of business income to different types of assets.
CE/CPE Credits: 7
To register or for more information, visit ASA online or call (800) 272-8258.