| Valuation of Distressed Businesses and Plan of Reorganization
Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of the subject matter.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Three (3) Hours
Fields of Study: Accounting
Shipping Weight: 0lbs. 0oz.
This webinar focuses on work that practitioners may be called upon to perform when working in bankruptcy, reorganization, and insolvency. It is structured to provide a solid introduction to the laws, regulations, and administrative aspects of corporate bankruptcy and culminates with forensic financial analysis and the litigation environment relating to corporate bankruptcy, reorganization, and insolvency.
After completing this webinar, attendees will be able to:
- Develop, implement, and examine the debtor's reorganization plan
- Assess the current economic climate and understand how it impacts healthy and distressed businesses
- Discuss the business economics of distressed businesses and explain the causes and effects of economics on specific line items in a company's balance sheet and income statement
- Specify the financial and regulatory reporting issues regarding distressed businesses
- Identify the accounting issues that arise before, during, and after reorganization; including "fresh start" accounting
- Identify the unique accounting, auditing, tax, and operational issues for a company operating as a debtor-in-possession
- Identify unique income tax issues relating to liquidating and reorganizing companies
- Compare and contrast the specific valuation standards, approaches, methods, and issues relating to distressed and/or restructured businesses and related litigation
- Apply financial forensics methods and techniques to companies in Chapter 11 proceedings
- Use financial forensics to assist trial lawyers with avoidance actions, preferences, and fraudulent transfers
Who Should Attend
Robert Reilly, CPA, ABV, ASA, CBA, CFA, CMA, MBA, CVA, ATA, CFF, CREA, CRA, CVC, CGMA, EA
Mr. Robert Reilly is a managing director with Willamette Management Associates. His practice includes business valuation, forensic analysis, and financial opinion services.
Mr. Reilly has performed the following types of valuation and economic analyses: economic event analyses; merger and acquisition valuations; divestiture and spin-off valuations; solvency and insolvency analyses; fairness and adequacy opinions; ESOP formation and adequate consideration analyses; private inurement/intermediate sanctions opinions; acquisition purchase accounting allocations; reasonableness of compensation analyses; restructuring and reorganization analyses; tangible asset/intangible asset intercompany transfer price analyses; and lost profits/economic damages analyses.
He has prepared these valuation and economic analyses for the following purposes: transaction pricing and structuring (merger, acquisition, liquidation, and divestiture); taxation planning and compliance (federal income, gift, and estate tax; state and local property tax; transfer tax); financing securitization and collateralization; employee corporate ownership (ESOP employer stock transactions and compliance valuations); forensic analysis and dispute resolution; corporate strategic planning and management information; bankruptcy and troubled company support (recapitalization, reorganization, restructuring); financial accounting and public reporting; and regulatory compliance and corporate governance.
Mr. Reilly has valued the following types of business entities and securities: close corporation business enterprise, close corporation fractional ownership interests, public corporation restricted stock, public corporation subsidiaries/ divisions, complex capital structures (various classes of common/preferred stock; options, warrants, grants, rights), general and limited partnership interests, joint ventures, proprietorships, professional service corporations, professional practices, LLPs and LLCs, license agreements, and franchises.
He has performed valuation, remaining useful life, lost profits/economic damages, and arm’s-length royalty rate/transfer price analyses related to the following types of intangible assets: advertising campaigns and programs, appraisal plants, broadcast licenses, building permits, cable TV franchises, certificates of need, computer software, computer databases, contract rights, core depositors, copyrights, credit information files, customer and supplier contracts, customer lists and customer relationships, development/commercialization rights, distribution rights, distribution systems, employment contracts, engineering drawings, film libraries, franchise contracts and rights, going-concern value, goodwill, leasehold interests, licenses, literary compositions, loan portfolios, management contracts, manuscripts, mining and mineral rights, mortgage servicing rights, musical compositions, noncompete covenants, patent applications, patents, patient charts and records, permits, possessory interests, prizes and awards, procedural manuals, production backlogs, proprietary technology, solicitation rights, subscriber lists, technical documentation and libraries, trained and assembled workforces, trade names, trademarks, trade secrets, training manuals and documentation, and air/water/land use rights.
Mr. Reilly has performed business and property valuations in the following industries: accounting and consulting, advertising, administrative services, aerospace, apparel, appraisal, automobile dealerships, automobile manufacturing, automobile suppliers, aviation, bottling, broadband, brokerage, cable television, cement, chemical, commercial banking.