At first glance, the choice between a valuation and a calculation is simple. Each is a well-defined option for the business appraisal process, with a clear scope, and a clear outcome. A closer look, however, reveals many questions and gray areas. How, for instance, should an appraiser reconcile the definitions put forth by SSVS and USPAP? What liabilities, if any, is an appraiser exposed to under either a calculation or a valuation? In "Valuations vs. Calculations: Advice & Guidance from Professional Standards" BVR welcomes an all-star panel to discuss these and other obstacles facing appraisers trying to make sense of this seemingly simple choice.

• Defining assignment
• Engagement letter
• Scope of work
• Development vs. reporting
• What is a valuation?
• What is a calculation?
• What do the standards say?
• SSVS1
• USPAP
• ASA

• Learn how to properly define the valuation assignment in order to define the scope of work and the final deliverable
• Learn how valuations and calculations are defined, how they differ, and what each implies for the preparer
• Learn what professional standards say about calculations and valuations, and what the impact of these differences on practices