Intangible Asset (IA) Specialty Designation
Intangible Asset (IA) Specialty Program
ASA’s Intangible Asset (IA) education is leading the valuation profession forward. ASA offers a comprehensive course in intangibles valuation and awards the only Business Valuation Intangible Asset Specialty Designation requiring evidence
of competence in the valuation of intangible assets.
The Need for an Intangible Asset (IA) Appraisal Specialty
An understanding of intangible assets and their impact is required for many finance and valuation professionals as intangible assets have become increasingly important to business success and value globally. Increases in price to book value multiples
of public companies reflects the greater role intangibles now play in value creation.
In addition to the increasing importance of intangibles, requirements to demonstrate technical expertise are also on the rise. Valuation experts can fail Daubert challenges if they do not demonstrate the competence required to serve as a valuation
expert. In addition, the SEC has noted the importance of professional credentials and expertise for those performing valuations, and IRS requirements for a qualified appraiser include specific education and experience levels.
Relevance of an Intangibles Education
Financial reporting valuations are one of the most frequently cited drivers of intangible asset valuations. Many appraisers may value intangibles for tax valuations for transfer pricing (IRC 482) or other tax reporting purposes, and others focus on litigation
assignments. For these appraisers, intangible asset valuation expertise and/or the knowledge of elements of intangible asset valuation theory can be key in developing and presenting a value opinion.
Benefits of an Intangibles Education
ASAʼs Intangible Asset Course (BV303 - Valuation of Intangible Assets and Special Topics) will help improve the quality of your practice so you may differentiate your skills and competencies from those of other appraisers. Holders of the Business Valuation
Intangible Asset Specialty Designation can benefit from these current insights to improve practice economics by:
- Increasing referral activity and proposal success through knowledge of current developments in the profession;
- Increasing project efficiency through greater awareness of and application of current developments and potential best practices; and
- Reducing the risk of unexpected review time in the event of questions from a third party reviewer.
ASAʼs Intangible Asset Course
BV303 - Valuation of Intangible Assets and Special Topics
This course presents key principles and real-world applications in the valuation of intangible assets. This four-day course includes internationally recognized guidance developed for the valuation of intangible assets in a financial reporting context
including audit requirements for fair value matters. Course materials emphasize materials specific to intangible asset valuation presented by FASB and IFRS releases and developed by task forces established by The Appraisal Foundation or the AICPA.