ME147-WEB - BV and MTS: Technical Issues of Joint Interest
Category: Machinery & Technical Specialties
Continuing Education: 2
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.
No prerequisites for this course.
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.