NACVA - National Association of Certified Valuation Analysts
National Association of Certified Valuation Analysts
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Advancing the Business Valuation & Financial Forensics Disciplines
Program

Valuation for Financial Reporting Workshop
Program Sponsor: Consultants’ Training Institute

Program Content

As “fair value” becomes an integral part of financial reporting, financial professionals must develop skills to understand and implement the new accounting standards. This course will be co-taught by two nationally known valuation professionals. The three-day program* will cover the definition of fair value provided in Accounting Standards Codification (ASC) 820 (formerly,
SFAS 157), allocation of purchase price under ASC 805 (formerly, SFAS 141R), the impact of changes in ASC 805 on purchase price allocations, impairment testing under ASC 350 and 360 (formerly, SFAS 142 and 144, respectively), and the valuation of options under ASC 718 (formerly, SFAS 123R).

Details
Learning Objectives
Attendees will acquire practical training in the following areas:

• Understanding the Financial Accounting Standards Board’s (FASB) concept of fair value
The FASB concluded that fair value information is relevant and users of financial statements generally have agreed. Others, however, have expressed concerns about the ability to apply the fair value measurement objective in GAAP. The workshop will examine FASB pronouncements that require fair value measurements and guidance differences that have created inconsistencies related to the complexities in GAAP.

• Guidance in working with the auditors
Auditors often have their own unique and often contradictory interpretations of SFAS 157 (and 141(R) and 142). This opens the possibility that each might look for different weaknesses when they see a fair value report. The workshop will discuss standards and methods for fair value, along with other financial reporting engagements, including current trends and developments. 

• Techniques for identifying and methods for valuing intangible assets
Participants will be exposed to a broad spectrum of techniques for identifying and methods of valuing intangible assets and intellectual property covering business reporting and litigation arenas. Several case studies and redacted reports will demonstrate and reinforce the concepts involved.

• Commonly accepted methods of testing for impairment
Valuation professionals are often requested to test intangibles for impairment pursuant to SFAS 142 and 144. Many issues involved with these analyses are rarely discussed. Attendees will gain insight into how to deal with these issues and common mistakes to avoid.

• Considerations for estimating useful lives
The workshop will provide guidance on the determination of the useful life of intangible assets.  Areas to be discussed include expected cash flows used to measure the fair value of the asset, the weighted-average period to the next renewal, an entity’s history of renewal for similar assets, changes in the likelihood of renewal or extension, and amounts incurred to renew or extend the contractual term of an intangible asset. 

• Appropriate ways to value employee stock options under ASC718

Development and Instruction Team
These courses were developed and are taught by Alfred M. King, AB, MBA,
CMA, CFM, and Warren D. Miller, CFA, ASA, CPA. Mr. King is presently
vice chairman and a director of Marshall & Stevens and was formerly managing
director with the Institute of Management Accountants. His areas of
expertise include litigation support, valuation of intangible/intellectual assets,
business valuations, solvency and reasonable equivalent value issues, valuation
issues relating to domestic and international taxes and financial reporting,
and complex allocation-of-purchase-cost assignments, including retrospective
studies. In his career to date, Mr. King has personally appraised over $100
billion of assets. Mr. Miller is a co-founder of BECKMILL RESEARCH,
LLC, which limits its work to value maps, M&A, litigation support, valuation
(financial reporting, tax, private equity, IP, value-based management,
business planning), strategy (strengthening capabilities, market positioning,
diversification), exit planning, and statistics-driven research (e.g., customer
loyalty surveys, stand-alone public-comps analysis). His firm also specializes
in valuation for financial reporting under ASC 350, 360, 718, 805, and
820. Mr. Miller has served as a discussion leader for CPAs/CAs in 31 states,
the District of Columbia, Puerto Rico, and Canada. His book, Value Maps:
Valuation Tools That Unlock Business Wealth, was published by John Wiley &
Sons in May 2010.
Who Should Attend
Any experienced practitioner who wants to broaden his or her practice to provide valuation services for financial reporting, transaction attorneys, M&A advisors, and CFOs.
Where and When
October 25-27 Washington, DC
December 6-8 Las Vegas, NV
Click here for a list of hotel locations, room rates and reservation information.
Pricing 2010
2010 Package Pricing
(Before early registration discounts.)...........Non-Member.............Member
Three-day Workshop...................................................$1,800..................$1,620
Cancellation Policy
For more information regarding refund, complaint, and/or program cancellation policies, please call our director of Member Services: (801) 486-0600.


CPE Hours
Delivery Method Group-Live
Program Level Intermediate
Advanced Preparation Overview
Prerequisites Experience practitioner with an integral understanding of financial reporting and valuation services.
Fields of Study Accounting 12
  Auditing 12
Total CPE Hours   24

For more information regarding CPE, Program Levels and Fields of Study please click here.

NASBA Sponsorship
NACVA 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: http://www.nasba.org/
 

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