Business Valuation Resources, LLC

Point/Counterpoint: Debating the Private Capital Markets Project

Date: Thursday, March 15, 2012
Time:
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar

Earn 2 CPE credits
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Webinar - $179
Training Pack* - $179
Webinar & Training Pack* - $269

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Please note: CPE credit is not available through Training Packs
More information is available below

Featuring (click image for more information):

Kevin R. Yeanoplos
CPA/ABV/CFF, ASA
Brueggeman and
Johnson Yeanoplos, P.C.
John Paglia
Ph.D., MBA, CPA, CFA
Pepperdine Private Capital
Markets Project

Why You Should Attend

Since its first report in August, 2009 the Private Capital Markets Project has created insight, confusion, disagreement, and adulation within the valuation community. Yet out of the claims and responses created to vet the Private Capital Markets Project and its data, consensus and clarity have eluded appraisers.

On March 15 BVR welcomes Private Capital Markets Project lead researcher John Paglia and valuation expert Kevin Yeanoplos for "Point/Counterpoint: Debating the Private Capital Markets Project." Join these two experts to hear how the Private Capital Markets Project data was procured, how it's presented, and how it can be put to best use.

Agenda

  • Introduction: Eternal Truths of Business Valuation
    • Fundamentals
    • General Theory of Income Approach
    • Risk & the Cost of Capital
    • Models for Calculating the Cost of Equity
    • Build-Up
    • Capital Asset Pricing Model
    • Modified Capital Asset Pricing Model
  • Methods for Quantifying Specific Company Risk
  • Are public and private markets substitutes?
  • Introduction to the Pepperdine Private Capital Markets Project
  • What is the Financing Status of Privately-Held Businesses?
  • Capital Access Drives Valuations
  • Capital Providers: What’s Happening in Banks?
  • What's Happening in Mezzanine?
  • What's Happening with Private Equity?
  • How Can Appraisers Use the Pepperdine Private Capital Markets data to Estimate Discount Rates?
  • The Private Cost of Capital Model
    • Appraisers Call to Action

Learning Objectives

  • Review cost of capital fundamentals
  • Discuss the use of public company data in valuing the privately held business
  • Explore the differences between small and large businesses
  • Learn the basics of the Private Cost of Capital Method
  • Discuss the advantages and disadvantages of the PCMP
  • Quantify company specific risk for small businesses
  • Maximize objective empirical

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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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.

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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.





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Business Valuation Resources offers a 100% money-back guarantee. If you are not completely satisfied with your conference experience, or have any concerns or complaints, you may contact Business Valuation Resources at (503) 291-7963, cs@bvresources.com or mail to BVR, LLC, 1000 SW Broadway, Suite 1200, Portland, OR 97205.