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| Implied Private Company Pricing Line: An objective method of estimating discounts for lack of marketability(2064Q) |
Course CPE: 2 hours
Field(s) of Study: Economics–1 hr; Finance–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 |
Item
Number: 24BV0819IPC
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: August 19, 2024
Presenter: Malcolm McLelland
Program Description:
This course will assist business valuation professionals developing an understanding of "Implied Private Company Pricing Line" (IPCPL) theory, evidence, and methods. IPCPL was introduced by well-known valuation profession leaders Bob Dohmeyer, Rod Burkert, and Pete Butler about 10 years ago, and the formal theory and empirical evidence has developed steadily since that time. Because IPCPL methods represent an objective method of estimating discounts for lack of marketability in private capital markets, IPCPL is important for all business valuation professionals to understand.
After completing this course, you will be able to:
- Recognize how IPCPL relates to estimated risk-adjusted discount rates and what IPCPL represents in terms of risk pricing and private market transaction costs
- Determine the nature and quantity of empirical evidence supporting IPCPL theory
- Identify the procedures necessary to apply IPCPL theory to the estimation of private market transaction costs, transaction cost-adjusted risk-adjusted discount rates, and discounts for lack of marketability
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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