BV505-WEB - MPAP: A Two-Year Perspective
Category: Business Valuation
Continuing Education: 1
Registration
Please see the "Upcoming Classes" tab for class offerings and registration information.
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.
No prerequisites for this course.
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.
Tarbell, Jeffrey | Lake Oswego, OR United States |