BV178-WEB - Tips and Traps in Normalizing Owner Compensation

Registration

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Webinar Course Description

This webinar will cover more than 40 practical points for determining reasonable or normalized compensation amounts for business owners and their family members. Stephen Kirkland has served as an expert witness in compensation cases for over twenty years and has seen the good, the bad and the ugly. He will share lessons learned from preparing analyses, reports, and rebuttal reports and from testifying in depositions and court cases. Lessons gleaned from other recent court cases will be covered also.

Course Audience

Business valuators who work with family businesses, professional service firms and other closely-held businesses

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 websitewww.nasbaregistry.org.

CPE Credit: Two (2) Hours in Specialized Knowledge
Program Level: Intermediate
Delivery Method: Group-internet based courses are approved for CPE
Prerequisites: None
Advanced Preparation: None
Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy

Instructor Information

Stephen Kirkland , CPA, CMC, CFC, CFF | Atlantic Executive Consulting, LLC.

Stephen Kirkland has been a compensation consultant and expert witness since 1995.  He works with executives, attorneys and valuators across the United States. 

Stephen has testified on reasonable compensation in five U.S. Tax Court cases.  He also speaks at conferences across the country on the challenges of determining executive compensation amounts.

Agenda

The following topics are covered in this course:

• Gathering the right information to analyze compensation
• Selecting and evaluating sources of information
• Benchmarking
• Developing through analyses
• Explaining compensation adjustments in the report
• Preparing for cross examination

Learning Outcomes

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

• Identify the information needed for a compensation analysis;
• Locate the most reliable information for normalizing adjustment;
• Avoid common mistakes that valuators make with a compensation adjustment; and
• Explain the analysis and conclusions so that readers of a report understand the adjustments and reasons for them.