Forensic & Valuation Services Virtual Conference - BOTH DAYS

Presented by: Christine Chmura, Ph.D. - CEO and Chief Economist for Chmura Economics and Analytics

This presentation will highlight current and expected conditions for the economy including, labor market tightness, inflation, interest rate trends, and the possibility of recession.

This session is available to registrants only.

Presented by: Jim Hitchner, CPA/ABV/CFF, ASA - Managing Director of Financial Valuation Advisors and President of The Financial Consulting Group

The participant will learn:

• How to defend their cost of capital in any type of review process (internal, tax, ESOPs, planning, etc.)
• How to defend their cost of capital in a deposition, jury trial, bench trial, arbitration, or administrative hearing
• How to withstand intense attorney attacks
• What is out there besides the modified CAPM and the build-up model
• How to benchmark cost of capital inputs
• How to benchmark cost of capital conclusions
• Report language examples to bolster your cost of capital presentation

This session is available to registrants only.

Presented by: Kevin Yeanoplos, CPA/ABV/CFF, ASA - Shareholder and Director of Valuation Services for Brueggeman and Johnson Yeanoplos, P.C.

and

Ron Seigneur - Founding Partner of Seigneur Gustafson LLP

Explore the analytical challenges relating to the identification and measurement of professional goodwill, and the emerging issues expected in the future. Review measuring goodwill in other closely held businesses while focusing on professional practices. Walk away with answers to these questions:

• What constitutes goodwill in the context of a professional practice?
• How does the identification and valuation of professional goodwill contrast with goodwill in a business?
• How does goodwill in a professional practice differ from a spouse’s probable future earnings?
• Must the professional spouse “own” an interest in the professional practice to possess goodwill?
• What are the characteristics of goodwill associated with a professional practice?
• What is the legal standard for defining professional goodwill: market value or value to the owner?

Following the main focus of the presentation and the discussion of the legal issues surrounding the identification and definition of goodwill in a professional practice, the presentation will shift to a working example of the excess earnings method, which has been described by some as “the most used and abused” business valuation method in common use. A specific example for applying and interpreting the excess earnings method — beginning with the underlying data used to develop and calculate an excess earnings valuation calculation and continuing through each step in the process, including a key emphasis on determination of reasonable replacement compensation — will form the last part of the presentation, time permitting.

This session is available to registrants only.

Presented by: Mark Dietrich, CPA/ABV, MBA, MST - Author

Recently retired and devoted to writing new books, including the "Engagement Guide to Understanding and Valuing Medical Practice Specialties," Mark shares his “trade secrets” from a 45-year career with valuation engagements in 46 states, as well as consulting in England and Scotland. 

“All the things I didn’t want the rest of you to know.”

Review:

• Numerous medical specialties typically encountered in valuation — and why you likely won’t encounter some others (11 in all)
• The core CPT© codes that account for a significant portion of representative specialties’ income
• The Medicare Claims Database for every (or 95%+/-) physician participating in Medicare
• Critical and enlightening new research on local market influence on physician service revenue, never before described in the business valuation literature!
• Physician income not sourced to CPT© codes
• Tips on the Management Interview and Data Request.

This session is available to registrants only.

Neil J. Beaton, CPA/ABV/CFF, CFA, ASA - Managing Director with Alvarez & Marsal Valuation Services, LLC

This session will cover the definition of reasonable compensation; when and how to adjust for reasonable compensation in a divorce or other engagement; sources for reasonable compensation data; and a discussion on whether or not business valuation experts are qualified to provide reasonable compensation testimony. You'll also review unique areas that may arise when making reasonable compensation adjustments. 

This session is available to registrants only.

Presented by: Harold Martin, Jr. - Director in the Valuation and Forensic Services (VFS) Practice of Keiter

Kristopher Boushie, CPA/ABV/CFF, CVA, CFE - Director with NERA Economic Consulting

Kevin Yeanoplos, CPA/ABV/CFF, ASA - Shareholder and Director of Valuation Services for Brueggeman and Johnson Yeanoplos, P.C.

Neil J. Beaton, CPA/ABV/CFF, CFA, ASA - Managing Director with Alvarez & Marsal Valuation Services, LLC

Ron Seigneur - Founding Partner of Seigneur Gustafson LLP

Martin Cunniff - Partner at Fields Han Cunniff PLLC>

This panel discussion on expert witness testimony in valuation matters will address:

• Preparation for cross-examination testimony
• How to answer those difficult questions
• Hints for survival
• Tips on rehabilitation

This session is available to registrants only.

Presented by: Gary R. Trugman, CPA/ABV, MCBA, ASA, MVS - President of Trugman Valuation Associates, Inc.

Participate in a practical discussion about the issues that we all run into when valuing small businesses and professional practices. Discuss common errors made, and more importantly, how to avoid them while complying with professional standards. The goal is to make sure you know when you need to consider not doing the engagement rather than always saying yes!

This session is available to registrants only.

Presented by: Asif Charania CPA/ABV, ASA - Manager in the Valuation and Forensic Services Group for Keiter

and

Greg Saunders, CPA/ABV, ASA - Manager in Keiter's Valuation and Forensic Services Group

Explore the usage of option pricing models (OPMs) to value securities in a complex capital structure (e.g., in a stock-based compensation engagement), as well as their application for estimating discounts for lack of marketability. Discover how to use option pricing theory to test management’s projections. You'll also learn about the various types of OPMs available, including the applicability and limitations of each. Lastly, see how these models are used in practice through a case-study approach.

This session is available to registrants only.