BVR adds updated “bible” of Canadian business valuation
The Guide to Canadian Business Valuations, published by Thomson Carswell, was just updated last month. BVR has signed an agreement with the publisher to help promote this three-volume, looseleaf guide for our customers with Canadian or cross-border clients. Written by Richard Wise, this Guide is intended to Provide practical information that is easy to understand and use – [...]
A first for BV in Africa
NACVA, under the auspices of its international arm the International Association of Consultants, Valuators and Analysts (IACVA) will be administering a CVA test in Accra, Ghana in November. BVWire believes this is the first time a business valuation certification exam has been administered in Africa. Ghana is a natural location because of it’s [...]
2011 edition of International Valuation Standards now available
The International Valuation Standards Council (IVSC) recently published a completely revised edition of the International Valuation Standards. The result of a three-year improvement project, the goal of the new standards is to promote consistency and transparency throughout the valuation process. According to the IVSC, “the standards cover the valuation of a wide range of assets [...]
IFRS/GAAP convergence: a profitable area for business appraisers
May 13th 2011 “was a momentous day for valuators” James Catty (Corporate Valuation Services Limited) told NACVA attendees in San Diego this week. That was the day FASB issued its 331 page document “Fair Value Measurement (Topic 820), Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRSs.” Now there [...]
For $20, you can hear from top ASA experts on the current international standards convergence timeline
The ASA has lined up the following all-star list to review the current impact of the IASB and other convergence efforts: David Wilkes, Partner, Huff Wilkes Attorneys and Immediate Past Chair of The Appraisal Foundation, Tarrytown, New York, Robert Schlegel, International President, American Society of Appraisers, and Principal, Houlihan Valuation Advisors, Indianapolis, Indiana, Tony Aaron, [...]
Consult Damodaran when building WACCs for international companies
Jesse Mucciarone (Cliffs Natural Resources) recently posted a question in LinkedIn’s Valuation group that received some useful responses: “In building a WACC for an international company, what would be the correct inputs? The subject Company is based in Europe, the deal will be financed in U.S. dollars.” Anton Lezhja (Deloitte Albania) responded: “As an appraiser [...]
Can the income approach get you in trouble for early stage pharma valuations?
“The Valuation Of Drug Development Projects—Part 1” by Sangeeta Puran (Mayer Brown International) addresses valuation theory as it relates to drug discovery and research. It’s the Licensing Executives Society International (LESI) article of the month. Says Puran: “The purpose and scenario for which a valuation exercise is undertaken, and by whom it is undertaken, ultimately explains the [...]
IVSC reviews discounted cash flow valuation method
The International Valuation Standards Council (IVSC) just issued Technical Information Paper on the Discounted Cash Flow Method for Real Property and Business Valuations. This exposure draft appeals for public comment on debates such as: The DCF method should not be judged on the basis of whether or not the explicit cash flow assumptions are ultimately [...]
Deloitte maintains a free website on IFRS materials
If you’re concerned about this subject and compliance, here’s a great free IRFR resources from Deloitte, provided by Greg Forsythe.
The US stands by itself on IFRS compliance
Greg Forsythe (Deloitte) offers the following list of how various countries have dealt with the IFRS standards…(note–these are the major adapters–many other smaller countries have also adapted the IFRS standards. IFRSs required • Argentina (2012) • Australia (2005) • Brazil (2010) • Canada (2011) • France (2005) • Germany (2005) • India (2011) • Mexico [...]
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