BV505-WEB - MPAP: A Two-Year Perspective

Registration

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Webinar Course Description

Two years have quickly passed since The Appraisal Foundation issued VFR Valuation Advisory #3 -- better known as "The Measurement and Application of Market Participant Acquisition Premiums" or MPAP. Has anything changed? And if so, what, how, and why? This webinar will provide participants with a refresher on core MPAP principles, the results of a peer survey on the impact of MPAP on various aspects of valuation practice, and a viewpoint on the measurement and application of "control premiums" moving forward.

Recommended Pre-Reading

Valuations in Financial Reporting Valuation Advisory 3: The Measurement And Application of Market Participant Acquisition Premiums

Course Audience

Appraisers

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: (1) Hour 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

Jeffrey Tarbell, ASA | Director | Houlihan Lokey

Mr. Tarbell is a Director in Houlihan Lokey’s Financial Advisory Services business. He has nearly three decades of experience providing valuation and financial opinions to private and publicly traded companies. Mr. Tarbell is Head of the firm’s Estate and Gift Tax Valuation practice, Co-Head of the firm’s Employee Stock Ownership Plan Valuation practice, and a member of the firm’s Technical Standards Committee. He is an accredited senior appraiser (ASA), certified in business valuation, of the American Society of Appraisers and the Immediate Past Chair of its Business Valuation Committee. He holds the designation of Chartered Financial Analyst (CFA) of the CFA Institute. He is the former Chair of the Advisory Committees Chairs Council and the Valuation Advisory Committee of The ESOP Association.

Agenda

There is no available agenda for this course.

Learning Outcomes

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

• Assess whether and why a control premium, or MPAP, is applicable to a particular subject interest;
• Identify situations where control premiums are appropriate -- and where they are not appropriate;
• Interpret where their own practice is consistent or inconsistent with their peers; and
• Develop valuation opinions consistent with modern theory regarding minority and control values.