Date: Thursday, October 26, 2017
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar

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Featuring  (click image for bio)

David Dufendach
Alvarez & Marsal

About This Program

Management-prepared forecasts and projections, collectively referred to as prospective financial information (PFI), serve as the critical foundation for discounted cash flow methods. A recently issued document, Application of the Mandatory Performance Framework (MPF), provides suggested guidance for valuation professionals regarding the evaluation and use of PFI. David Dufendach will address key aspects of the new guidance that impact PFI, including the following concepts: professional skepticism, reasonably objective basis, and discount rate derivation. In addition, pre-existing guidance that is closely related to the proper evaluation and use of PFI will be reviewed, including ASC 820 (discount rate techniques) and the AICPA Guide to PFI. Get an enhanced understanding of how to evaluate, support, and document the PFI employed in their valuation engagements, and, equally important, be better able to develop discount rates that are consistent with the risk profile of the PFI.


  • Overview of the MPF and other pertinent guidance
  • Review of the types of PFI and other foundation concepts
  • Identification of risk profile(s)
  • Suggestions for evaluation of “reasonably objective basis”
  • Review of discount rate techniques
  • Brief examples illustrating consistency of risk profiles and discount rates
  • Discussion of documentation issues

Learning Objectives

  • Learn how the new MPF, along with pre-existing guidance, specifically impacts DCF methods
  • Understand the importance of establishing a reasonably objective basis
  • Be better able to identify risk profiles and develop appropriate risky discount rates
  • Understand new documentation guidelines with respect to PFI

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: 2 Credit Hours (Specialized Knowledge & Applications)

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