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| Don’t Double Dip on Risk Adjustments(1515C_N) |
Course CPE: 3 hours
Field(s) of Study: Accounting–3
Program Level: Update
Prerequisites: Participants need a background in the subject area and desire to keep current.
Advanced Preparation: None
Delivery Method: Self-Study |
Item
Number: 15PBVPITT15C
Shipping Weight: 0lbs. 0oz. |
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$189.00 |
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Recording Date: September 15, 2015
Presenter: Robert Grossman, CPA/ABV, ASA, CVA, MST, CBA
Program Description:
One of the most discussed issues of late has been the need for business valuators to avoid duplicating risk considered in one aspect of the valuation process and replicated in another part of the process.
Among the issues to be addressed in this webinar will be whether the small stock “size premium” used in the discount rate build up encompasses certain risks that are generally considered in determining the specific company risk factor and whether the discount for lack of marketability (DLOM) duplicates risk already considered in the discount rate. We will also discuss the need to consider personal goodwill in your valuations.
After completing this course, you will be able to:
- Identify the underlying elements of risk associated with subject company size
- Determine the risk measurements of size in the Morningstar Ibbotson SBBI Classic Yearbook and Duff & Phelps Risk Premium Report and contrast the two sources
- Recognize current thinking in the development of the company specific risk premium (CSRP) and identify areas of risk overlap
- Identify and quantify risk considerations in determining the DLOM
- Determine size risk, which is considered throughout the entire business valuation process, so as to avoid duplication of risk associated with size
- Identify and interpret specific considerations in the identification and determination of personal goodwill in business valuations
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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