Featuring (click image for more information):

R. James Alerding CPA/ABV/CFF, ASA, CVA Alerding Consulting, LLC	James D. Ewart CPA/ABV/CFF, CVA Dixon Hughes Goodman PLLC

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Why You Should Attend

Control, its allocations, its premiums, and its discounts have been fodder for business appraisal debates since, apparently, the beginning. Behind seemingly simple objective considerations are difficult subjective decisions relating to operations, cash flows, goodwill, and other classic valuation gray areas. In this exclusive webinar BVR welcomes expert appraisers Jim Alerding and Jim Ewart for an in-depth examination at the still-lingering questions regarding control premiums and discounts. From practical valuation experience and landmark and recent court decisions Alerding and Ewart will lead attendees through the how-to's and watch-out's of analyzing, assessing, and assigning control.

Agenda

• Is there such a thing as a control premium? - Value of control
• Control vs. normalization
• Control premium sources
• Data: usage, strengths, and weaknesses
• Calculating control
• Problem areas with discounts
• Adjustments
• Risks of double counting
• Cash flow stream for control and minority
• Traditional normalization practices
• Matching discounts to underlying assets
• Tiered discounts
• IRS considerations
• Enforcement penalties
• Recent cases

Learning Objectives

• Learn the proper methodology for control measurement and adjustment
• Learn what professionals, scholars, and the courts are saying about control adjustments and what impact this will have on valuations and valuation conclusions
• Understand what control data tells us and how to apply it to a valuation assignment
• Clarify the meaning of control and what impact it has on value

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).

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CPE Credits for Unlimited Listeners
Have as many eyes and ears take advantage of your registered connection as possible: CE credit is available for an unlimited number of listeners to any registered line. To add listeners for CE credit, please complete the Additional Listener form included on your webinar dial-in instruction email. We'll send dial-in instructions one to two days before our program, and will provide information directly to those listeners you identify approximately one hour before our program.

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)

Business Valuation Resources, LLC 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.learningmarket.org. www.nasba.org NASBA Sponsor

All BVR training events are eligible for continuing education credits from the Exit Planning Institute's Certified Exit Planning Advisor (CEPA) program. Credits are based on a 50-minute hour. Final acceptance is at the discretion of the Exit Planning Institute. www.exit-planning-institute.org

Training Packs

BVR's Training Packs are an indispensable addition to any valuation reference library, or the perfect alternative when you cannot attend the session live.

Each Training Pack is delivered approximately 2-4 weeks after the program has aired, and includes:

• Video file (MP4)
• Audio file (MP3
• Transcript of the presentation
• A copy of the presentation slides
• A copy of the reading materials, visual aids, and handouts

Please note, CPE is not available with Training Packs.