20
Date: Thursday, August 20, 2020
Time: 10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar
Earn 2 CPE credits
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More information is available below

Featuring  (click image for bio)

Anthony J. Pumphrey
ASA, CFA
Valuation Research Corporation

About This Program

Given divergences in both practice and guidance, inventory valuation can seem challenging. In this webinar, Anthony Pumphrey will illustrate simple, straightforward modifications to the valuation of inventory that you can incorporate into your valuation process. Review what comprises the book value of inventory and valuation guidance from the FASB, the IRS, and the AICPA. Next, walk through an example valuation of raw materials, work-in-progress, and finished goods in accordance with this guidance. The example provided will reconcile the top-down (comparative sales) and bottom-up (cost of reproduction) methods. Finally, see an illustrated how-to account for product- and process-specific profit and expenses, reconcile to market participant data, and adjust supporting assets so as to not double count profit.

Agenda

  • What Is Inventory? Review of Definitions, Costs, and Other Attributes of Book Value
  • Review of Inventory Valuation Guidance (FASB, IRS, and AICPA)
  • Valuation Methodologies and Practice Considerations
  • Valuation Walk-Through and Reasonableness Testing
  • Other Considerations and Impacts on other Assets in an ASC 805 Analysis

Learning Objectives

  • Understand basic inventory accounting and what is included in the book value of inventory, prior to valuation
  • Implement relevant guidance into the valuation process in a logical, straightforward manner
  • Apply the comparative sales and cost of reproduction methods, and clearly identify the components of the inventory step-up
  • Reconcile the step-up components, supporting assets, and overall analysis with other assets in a business combination

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 (Accounting Technical)

Closed Captioning:

BVR now has closed captioning on all 2019 past programs. To try out this enhancement, subscribers can login to the Desktop Learning Center, select a program, and click play video. The captions will start to play automatically, and can be disabled from the player per your preference.


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