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| Using the Correct Standard of Value is Critical (1582Q) |
Course CPE: 2 hours
Field(s) of Study: Management Services–2 hrs
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study
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Number: 21PM1214UCSV
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: December 14, 2021
Presenter: Alan Zipp
Program Description:
Using the wrong standard of value can result in the wrong value being applied to the business. This can result in appraiser malpractice; excessive income, estate, or gift taxes being paid; an unfair property settlement in divorce; or a shareholder dispute being improperly decided. This session will identify three major standards of value, i.e., fair market value, fair value, and divorce value, and compare and contrast them to demonstrate differences of critical importance to business appraisers.
After completing this course, you will be able to:
- Identify how all professional business valuation standards require that the standard of value be defined in every appraisal assignment
- Recognize and define the different standards of value and provide authoritative sources of guidance, where possible, to assist the appraiser in properly defining the standard of value used in the assignment
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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