Market Participant Acquisition Premiums (MPAP) for Financial Reporting

CE 2 | Business Valuation

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Webinar Description

Fair value measurements have become an integral part of the financial reporting landscape over the past 25 years. But during this time, the significant variance of practice surrounding control premium definitions and measurements surfaced as a frequent challenge for companies, their auditors, and, increasingly, Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) regulators. In response to this problem, The Appraisal Foundation sponsored a Working Group to address the topic of control premiums as applied in valuations performed for financial reporting purposes. The foundation recently released the final Valuation for Financial Reporting (VFR) Advisory. This webinar will discuss the new document, including the newly defined term, the market participant acquisition premium (MPAP), and a general framework for its use. 

Learning Outcomes

Upon webinar completion, the participant will be able to:

  • Define the new term, MPAP;
  • Describe the general concepts behind suggested treatment of the control premium in a financial reporting setting;
  • Apply the new framework to support an MPAP; and
  • Identify the presence of absence of premium drivers in a given valuation setting.

Webinar Audience

Professionals involved with Fair Value measurements in the U.S financial reporting setting

Instructor Information

Andrew S. Fargason | Stout Advisory

Mr. Fargason has extensive experience domestically and internationally in valuation and mergers & acquisitions. His asset and business valuation experience encompasses a broad range of industries. Mr. Fargason has valued equity, debt, and derivative securities (including stock options, warrants, and various embedded derivatives), as well as a variety of intangible assets, for numerous purposes including purchase and sale advisement, financial and tax reporting, fairness and solvency opinions, and other corporate, tax and litigation related matters.

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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.

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