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Dealing with Interest Bearing Debt in Valuations


Business Valuation

 Dealing with Interest Bearing Debt in Valuations
CPE Credit

Program Type: Recorded Webinar (Audio, PPT Presentation)
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Accounting
Item Number: 10OBVVC3332
Shipping Weight: 0lbs. 0oz.
Price: $80.00
Program Description

In today's complex financial market, it is clear that debt, specifically interest bearing debt (IBD), is as important in valuing a private firm as any other valuation input or matrix. Critical flaws are often a direct result of incorrectly dealing with IBD, either in the firm's cash flows, or terminal value, or both. In this webinar, we discuss when or when not to use cash flows to equity or invested capital and how to handle IBD within the terminal value.

Learning Objectives

After completing this webinar, attendees will be able to:

- Calculate interest bearing debt
- Identify when to use cash flows

Who Should Attend

Financial Professionals

Presenter(s)

Don Wisehart, CPA, ABV, CFF, ASA, MST, CVA
Mr. Don Wisehart has been retained by both public and private companies over a wide variety of industries, with sales ranging from as $500K to as much as $1.2 billion; and market capitalization as large as $500 billion. These companies have come from the manufacturing, non-manufacturing, service, high-tech, and retail sectors. He has valued stock options and a variety of intangible assets as well as business entities, both on controlling and non-controlling bases.

Mr. Wisehart's fair value opinions have been reviewed and have withstood the scrutiny of the SEC and big-4 accounting firms. He has lectured extensively throughout the US for both the AICPA and the National Association of Certified Valuators and Analysts™ (NACVA®) on various business valuation topics. He created Capitalization and Discount Rates, Discounts and Premiums, and Using the Guideline Public Company Method, required courses for NACVA's certification program. He has also been involved with teaching and updating NACVA's Current Updates in Valuation.

As a result of Mr. Wisehart's experience and knowledge in fair value engagements, he has taught the AICPA's courses in Fair Value Accounting: A Critical New Skill for All CPAs and Fair Value Accounting Concepts as well as co-creating NACVA's Intangible Assets for Financial Reporting. In June 2009, he co-presented a two-hour webinar on reporting fair value of business combinations (SFAS 141r). He has also spoken nationally on the determination of fair value of employee stock options (SFAS 123r).

Mr. Wisehart, along with other valuation experts from around the country, co-authors' Financial Valuation Applications and Models with the 3rd edition released Winter, 2009. He was also a contributing author to the second edition Valuation for Financial Reporting released in 2008.