| What’s that Mean? Five Principles to Avoid Overvaluing a Company
Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Intermediate
Prerequisites: Experience with application of valuation methodologies
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Three (3) Hours
Fields of Study: Accounting
Shipping Weight: 0lbs. 0oz.
Seriously, it is time to embrace statistics to justify our assumptions. Don’t be put off by thinking, “Oh, another ‘statistics’ presentation.” This is not your ordinary discussion of the dry, dry, dry topic. Foul language (aka statistical jargon) will be kept to a minimum. We will explore common assumptions and pitfalls when using measures of central tendency in valuation or forensic accounting engagements. You will discover the key issues and limitations with the use of an arithmetic mean. Through illustrations, we will identify the context and the implications for practice in which the application of specialized statistical concepts (harmonic mean, geometric mean) are not only relevant, but also necessary.
After completing the session, attendees will be able to:
- Identify when to use the arithmetic, harmonic, or geometric mean
- Evaluate the limitations of common measures that rely upon the arithmetic mean
- Compute appropriate measures of central tendency and related statistics
- Explain why a measure was selected and how it was calculated
Who Should Attend
Valuation professionals and forensic accountants with experience in applying professional methodologies and educators who want to teach appropriate techniques
Lari Masten, MSA, CPA/ABV/CFF, CVA, ABAR
Ms. Lari B. Masten focuses her professional time on business valuation, litigation, and consulting services as they apply to both private and public companies. She moved to Denver, Colorado, from Lubbock, Texas, in September of 2000 and has been in public accounting since 1987.She has performed business valuations, economic damage calculations, purchase price allocations, and goodwill impairment testing for companies operating in a variety of industries including life sciences, personal/professional services, exploration and production of natural resources, manufacturing and distribution processes, real estate development and management, and agriculture-related service sectors.
She has been qualified as an expert witness, and her valuations, lost profits and damages calculations expert witness testimony have been for purposes of marital dissolution, estate and gift tax planning, damages, lost profits, bankruptcy, contract disputes, buy-sell agreements, purchase/sale transactions, goodwill impairment, and related matters.Ms. Masten has written numerous articles relevant to her areas of expertise. She has been an invited guest speaker for various organizations on topics salient to the organization’s focus that have involved valuation standards compliance, business valuation fundamentals and advanced topics, litigation, estate planning/wealth retention, marital dissolution and business valuation case analysis.
In addition, she is an instructor for the National Association of Certified Valuators and Analysts’ (NACVA) National Training & Development Team, which presents throughout the country approximately 14 weeks per year. In this capacity she teaches days four and five of NACVA’s week long Business Valuation Training Center, The Market Approach, Case Analysis, Special Purpose Valuations and The Valuation Process: Facts to Conclusion. Successful completion of this training center, and the related examination process, results in the participants’ receipt of their business valuation credential.
Ms. Masten is also an instructor and development team member for the American Institute of Certified Public Accountants’ five-day training course that leads to the Certified in Financial Forensics (CFF) designation.Ms. Masten is currently serving in the elected position of Chairman of the Education Quality Assurance Board of NACVA for 2010–2013, is a contributing member of the editorial advisor board to National Litigation Consultants’ Review and the Journal of Business Valuation and Economic Loss Analysis, and is an officer of the Colorado NACVA State Chapter.
Ms. Masten received a Master of Science in Accounting degree from Texas Tech University in Lubbock, Texas, and is a licensed CPA in the states of Texas and Colorado. She holds the following designations: Accredited in Business Valuation (ABV) and Certified in Financial Forensics (CFF) through the AICPA and the Certified Valuation Analyst (CVA) designation from the National Association of Certified Valuators and Analysts.