Join Baker for management projections workshop
Join Christine Baker (ParenteBeard) for Thursday’s “Advanced Workshop on Management Projections and Forecasts,” a three-hour event focusing on the uses and abuses of management projections in the valuation process. Through case-studies, live examples, and hands-on tutorials, Baker will address how to use projections when they’re at their best, and when they’re incomplete or unrealistic. Baker [...]
ASA now offers a designation in intangible asset valuation
The ASA is now offering a new designation in intangible asset valuation. The association cites the following reasons for developing the new designation: The increasing importance of intangible assets to business strategies and profitability, expanded financial reporting requirements regarding intangible assets Increased review of intangible asset valuations by regulatory groups including the Securities and Exchange [...]
Tax Court uses Daubert to take down appraisal expert
For several years, Judge David Laro has been warning the business appraisal community that some of its methodologies and techniques—in particular, its approach to calculating marketability discounts—might not pass muster under the federal Daubert standard for relevance and reliability. (See BVWire #85-2 and BVWire #72-3) Less than two weeks ago, the U.S. Tax Court decided [...]
Small business valuation: How to make this practice profitable
Valuing small businesses in divorce and other contexts sometimes seem more trouble than they are worth, especially in the current economic client. Limited client funds often support only a preliminary or calculation of value—but three recent cases in as many months show that nothing but a complete, comprehensive conclusion of value carry any credibility with [...]
A step towards standards unification from NACVA and IBA
The memberships of the National Association of Certified Valuation Analysts (NACVA) and the Institute of Business Appraisers (IBA) have voted to ratify the new principles-based standards developed jointly by a team representing both organizations. The new “principles-based” standards align with the AICPA’s SSVS No. 1. These standards become effective June 1, 2011. For a copy [...]
Most BV firms don’t waste much time updating their websites
Here’s an interesting fact from the new 2011 BV Firm Economics and Best Practices Survey: Most firms with websites are not actively updating them. As shown in the table below, the bulk of business valuation firm web sites are relatively static—increasingly so, in fact. This tends to reduce the likelihood that these web sites will [...]
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