8
Date: Thursday, December 8, 2016
Time:
10:00am-2:00pm PT / 1:00pm-5:00pm ET
Format: A BVR Webinar

Earn 4.5 CPE credits
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Featuring  (click image for bio)

Chris D. Treharne
ASA, MCBA, CVA
Gibraltar Business Valuations
Alina Niculita
ASA, CFA, MBA
Morones Analytics
William C Quackenbush
MBA, ASA, MCBA, BCA, ABAR
Advent Valuation Advisors
Martin Greene
CPA/ABV, ASA
Greene Valuation Advisors, LLC
Bruce A. Johnson
ASA
Munroe, Park & Johnson, Inc.

About This Program

A crisis of consensus. No regulatory or legal clarity. Over 20 possible approaches. Many appraisers deal with this ambiguity by using outdated benchmarks or a rule of thumb percentage. Others adopt an approach and apply it to every minority valuation regardless of the circumstance. The solution for the lack of confidence in the profession in addressing discounts for lack of marketability (or overconfidence in a single approach) is not a wholesale adaptation of a single school of thought, but rather a rigorous understanding of the topic as a whole. In this epic panel session, experts Chris Treharne, Alina Niculita, Bill Quackenbush, and Martin Greene will expand beyond a single approach into a discussion of DLOM as whole. Every professional will benefit from the practical tips delivered on multiple different approaches and experts, but, by shifting the discussion on how an approach contributes to a complete DLOM conclusion, this session will elevate your next conclusion. Attend DLOM Day and learn that lack of professional consensus does not have to equal lack of confidence in your next calculation.

Agenda

    Benchmark Approaches

    • Restricted Stock Studies/Restricted Stock Equivalent Analysis     
      • Strengths/weaknesses
      • Example and best practices
      • Additional resources
    • Pre-Initial Public Offering (Pre-IPO)
      • Strengths/weaknesses
      • Example and best practices
      • Additional resources
    • Mandelbaum Factors          
      • Strengths/weaknesses
      • Example and best practices
      • Additional resources

    Securities-based Approaches

    • The Longstaff Method        
      • Strengths/weaknesses
      • Example and best practices
      • Additional resources
    • The Chaffee Study    
      • Strengths/weaknesses
      • Example and best practices
      • Additional resources

    Empirical Approaches

      • Strengths/weaknesses
      • Example and best practices
      • Additional resources

    Other Approaches

    • QMDM     
      • Strengths/weaknesses
      • Example and best practices
      • Additional resources
    •  Public vs. Private P/E Ratios in Acquisitions  
      • Strengths/weaknesses
      • Example and best practices
      • Additional resources

    Discussion

    • DLOM Survey
    • Reconciliation
    • Future?

Learning Objectives

    • Review key DLOM approaches
    • Discuss strengths and weaknesses of various approaches
    • Learn best practices for reconciliation

Single Connection Policy

Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 4.5 Credit Hours (Specialized Knowledge & Applications)


Business Valuation Resources 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 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.nasbaregistry.org.
NASBA Sponsor


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