Chapter Event Request Form

When
Thursday, June 20, 2019

Price
Early Registration │ Jan. 31-Mar. 31, 2019
$250 ASA Members
$275 ASA Non-Members

Regular Registration │ Apr. 1-Jun. 20, 2019
$275 ASA Members
$300 ASA Non-Members

Live Stream Registration
$499

Where
KPMG
550 South Hope Street, Suite 1500
Los Angeles, CA 90071

Register Now

ASA/USC 14th Annual Fair Value Conference

The American Society of Appraisers is pleased to present the ASA/USC 14th Annual Fair Value Conference to be held on Thursday, June 20, 2019 at KPMG in Los Angeles, California.

Range of Presentation Topics

The conference agenda will feature presentations from nationally recognized speakers who are profession leaders, covering a range of fair value measurement and valuation topics, as well as other current and future expected trends regarding the FASB, SEC and international accounting standards.


Just Added - Live Stream Registration

Can’t make it to Los Angeles for the ASA/USC 14th Annual Fair Value Conference? Click here for information on live stream registration provided by Business Valuation Resources.



Sessions


8:00am-8:30am Registration

8:30am-8:45am Co-Introduction
  Raymond Rath, Globalview Advisors, LLC
Tom Ryan, Professor, Leventhal School of Accounting
   
8:45am-9:00am Opening Remarks
  William Holder, Dean, Leventhal School of Accounting
   
9:00am-10:00am Terminal Value Calculations / LT Growth Update
  Roger Grabowski, Duff & Phelps
  The Terminal (or Residual Value) often accounts for the largest portion of the value indicated by the discounted cash flow method. The most common method used in capitalizing the residual net cash flows is the constant growth (Gordon) model. That model is built on certain underlying assumptions which are often misinterpreted. We will explore deriving data that are consistent with those assumptions. We will also review new research on organic, long-term growth rates.
   
10:00am-11:15am Valuation of Cryptoassets: The New Frontier
  Lynne Weber, Duff & Phelps
  Cryptoassets are becoming more accepted, are being used and transacted for more purposes. But markets for cryptoassets currently cannot be described as mature. Prices for such assets – even when available – generally differ across exchanges, and the exchanges are often poorly regulated, without adequate safeguards against price manipulation or conflicts of interest, with thin trading, volatile prices, and/or long latency periods.
   
11:15am-11:30am Break
   
11:30am-12:30pm IVSC Project Updates
  Kevin Prall, KPMG
Mark Zyla, Acuitas

   
12:30pm-1:15pm Lunch
   
12:45pm-1:15pm CEIV & ASA BVC Updates
  Tony Aaron, USC Leventhal School of Accounting
Jeff Tarbell, HL

   
1:15pm-2:15pm Software Valuation
  Jonathan Shing, PwC
Shirlene Wang, PwC

  As we witness rising volume of cross-sector transactions with many non-tech buyers acquiring software companies with data analytics capabilities, new challenges have arisen in the valuation and accounting landscape. At the 2019 ASA conference, PwC discussed megatrends related to acquisition of software companies, valuation methodologies, considerations associated with recognition of data-related intangible assets, and accounting implications of ASC 606 adoption for software companies.
   
2:15pm-3:15pm Common Stock Valuation Update
  Amanda Miller, EY
  In the six years since the publication of the “Cheap Stock” guide, certain areas of practice have continued to evolve. In this presentation, Dr. Amanda Miller  highlighted the issues relating to weighting direct transactions in common stock), and provided an update on certain caveats about using OPM and guidance relating to discounts for lack of marketability from the new PE/VC guide. 
   
3:15pm-3:30pm
Break
   
3:30pm-4:30pm PCAOB Update
  George Wilfert, Public Co. Accounting Oversight Board
Tom Ryan, Professor, Leventhal School of Accounting
  Valuation specialists providing reports that impact financial statements may tend to perceive auditors to be the ultimate authority assessing the acceptability of their work. However, the auditorsare subject to the regulation by the PCAOB which provides annual inspections of the auditors work and “deficiency reports“ highlighting problematic auditor performance. With this in mind, the roundtable discussion related to PCaOB matters provided valuation specialists with important insights into the context and framework in which the use of their work product is used.
   
4:30pm-5:00pm Pepperdine Capital Markets Update, CFA Institute Comments, AICPA Update
  Craig Everett, Pepperdine University
Mohini Singh, CFA Institute

  “What Is Happening in Financial Reporting” Mohini Singh, ACA, will provide an update on advocacy positions being undertaken by CFA Institute on various issues such as quarterly reporting, intangibles, and structured data, amongst others.
   
5:00pm-6:00pm Closing Remarks/Appetizers
  Raymond Rath, Globalview Advisors, LLC


Why Attend?

Timely Updates on Topics of Current Interest - The topics represent leading edge topics selected for their importance to professionals that perform financial reporting valuations.

Nationally Recognized Speakers - This is an opportunity to obtain insights from many of the leaders in our profession. In all prior years, we've assembled rosters of nationally recognized speakers.

Practitioner Focus - This conference is focused on the needs of valuation and accounting professionals involved in the development and audit of fair value estimates. Insights can be immediately employed in your technical or business management of your professional practice.

Exceptional Networking Opportunity - With valuation practitioners from the leading accounting firms and top boutique valuation firms, this continues to be an exceptional networking opportunity.

ASA and AICPA Continuing Professional Education - The conference will provide continuing professional education credit by both the American Society of Appraisers (ASA) and the American Institute of Certified Public Accountants (AICPA). This is a timely and cost effective means of obtaining CPE hours for your reaccreditation.

CEIV(TM) Continuing Professional Development - The conference qualifies for Certified in Entity and Intangible Valuations™ (CEIV™) Credential Continuing Professional Development (CPD) credit.

Competitive Pricing - ASA continues to price the conference at an extremely low cost as a benefit to its membership and the community at large.


NASBA and Continuing Professional Education (CPE) Credit

The American Society of Appraisers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org.

CPE Credit: TBA
Program Level: Advanced
Delivery Method: Only group-live courses are approved for CPE
Prerequisites: None
Advanced Preparation: None
Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy


Prices

Early Registration (by 3/31/19)
$250 Member; $275 Non-Member

Regular Registration
$275 Member; $300 Non-Member

Note: Limited availability, event anticipated to sell out. Early registration is recommended.

Live Stream Registration (Provided by Business Valuation Resources)
$499

Sponsors



 USC Leventhal - School of Accounting