ME147-WEB - BV and MTS: Technical Issues of Joint Interest

Registration

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Webinar Course Description

Fixed assets are often used as parts of operating business enterprises. As fixed assets continue to be an important component of many business enterprises, machinery and technical specialties and business valuation appraisers have an especially close working relationship. Business valuation economics can have a significant impact on the value of fixed assets. The impact on the value of an asset of functional and/or economic obsolescence are best measured through the application of the Income Approach to value. Investments in fixed assets are driven by financial returns which are best measured through discounted cash flow models. This requires knowledge of certain finance concepts as well as other information. This presentation will cover a variety of technical issues and recent developments impacting MTS valuations.

Course Audience

Valuation professionals performing fixed asset valuations

Instructor Information

Raymond Rath , ASA | Globalview Advisors LLC

Ray Rath, ASA, CFA, is a Managing Director with Globalview Advisors LLC, an independent valuation firm with offices in Irvine, Boston and London. Ray led the development of the ASA’s two courses in intangible asset valuation. Ray has worked closely with fixed asset and real estate appraisers on purchase price allocation and other multi-discipline projects for over thirty years. Ray holds ASA designations in Business and Intangible Asset valuation and Appraisal Review and Management.

Agenda

The following topics are covered in this course:

• Introduction
• Key Income Approach and Other Introductory Issues
• Recent BV Developments of Interest to MTS Appraisers
• Functional Obsolescence
• Capital Budgeting Insights
• Q&A

Learning Outcomes

Upon completion of this course,students will be able to:

• Overview of fixed asset situations where an Income Approach may be important;
• Overview certain elements of the Mandatory Performance Framework (MPF)
• Discuss MPF requirements pertaining to financial projections and the application of the Income Approach;
• Discuss measurement of functional obsolescence in fixed assets; and
• Discuss capital budgeting calculations as they relate to potential fixed asset investments.