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| Valuing Goodwill in Professional Practices and the Use and Misuse of the Excess Earnings Method (1524Q) |
Course CPE: 2 hours
Field(s) of Study: Management & Organization–1 hr; Management Services–1 hr
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.
Advanced Preparation: None
Delivery Method: QAS Self-Study
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Number: 21FL0624VGPP
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: June 24, 2021
Presenter: Ron Seigneur
Program Description:
This session will focus on the identification and valuation of personal goodwill in professional practices, focusing on the application of the judicially-approved excess earnings method for demonstrating the existence and value of professional goodwill in marital dissolution cases. What are generally referred to as “all-in” states do not distinguish between personal and business (or enterprise) goodwill. To the extent that goodwill arises from and is associated with a spouse’s professional practice (e.g., law, medicine, dentistry, accounting, or any similar licensed professional practice or undertaking), that goodwill constitutes “property” subject to allocation under state statues and precedents.
After completing this course, you will be able to:
- Recognize what constitutes “goodwill” in the context of a professional practice
- Determine how the identification and valuation of professional goodwill contrasts with goodwill in a business
- Determine how goodwill in a professional practice differ from a spouse’s probable future earnings
- Recognize if the professional spouse must “own” an interest in the professional practice to possess “goodwill”
- Identify the characteristics of “goodwill” associated with a professional practice
- Recognize the legal standard for defining professional goodwill: market value vs. value to the owner
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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