
CE 2 | Business Valuation
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Webinar Description
Competition between appraisers to obtain valuation projects and the lower
valued added nature of many financial reporting
valuations can lead to significant fee competition to obtain valuation
assignments. Price competition and low project fees can increase the
risk that appraisers may not perform adequate valuation due diligence in completing projects. USPAP
provides high level standards on the sufficiency of procedures required
to complete an appraisal. To help appraisers perform and report projects with an
adequate degree of effort, a Mandatory Performance Framework ("MPG") document is being
developed to provide guidance for certain financial reporting valuations. This webinar reviews USPAP
standards as well as elements of draft MPF
that has been developed.
Learning Outcomes
Upon webinar completion, the participant will be able to:
1. Recognize key elements of USPAP valuation standards and their
relationship to Mandatory Performance Framework (MPF).
2. Understand the
purpose / scope of MPF.
3. Discuss documentation requirements for a
valuation report and a valuation work file.
4. Explain concepts of
professional skepticism, evidence-skepticism and
self-skepticism.
5. Recognize areas of business valuation subject matter
guidance.
6. Describe MPF and documentation requirements for:
Analysis of Prospective Financial
Information
Discount Rate Derivation
Growth Rates
Terminal Value Multiple
Methods/Models
Selection of, and Adjustments to, Valuation
Multiples
Selection of Guideline Public Companies or
Comparable Company Transactions
Discount and Premiums
Webinar Audience
This program will be of interest to all individuals that
perform or review business valuations. While the focus is on pending financial
reporting requirements, appraisers that perform tax and litigation valuations may also find the developments relevant
in their valuation practices.
Instructor Information
Raymond
Rath, ASA | Managing Director | 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 developments 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.
Other Important Information
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Disclaimer: The
opinions expressed in this presentation are that of the presenter(s) and do not
necessarily reflect the views and opinions of the American Society of
Appraisers.
Questions?
Contact ASA Education Team at Education@appraisers.org
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