| What Makes a Proper Calculation Report and What Development Standards Apply?
Program Type: Recorded Webinar (Audio, PPT)
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Three (3) hours
Fields of Study: Accounting
Shipping Weight: 0lbs. 0oz.
One of the main highlights of this webinar will be the presentation and discussion of two brand new sample calculation reports (one short and one long) that are in complete compliance with the valuation standards of the AICPA, IBA, and NACVA. We will also cover compliance issues for ASA and USPAP calculations. You will learn just about everything you ever wanted to know about calculations and calculation reports, such as: when and how to use calculations in litigation and non-litigation services; what wording is allowed in calculation reports; what should NOT go in a calculation report; length of calculation reports—detailed review of short (minimalist) and long (more detailed) reports; and new thoughts on how ASA calculations can conform to USPAP.
After completing this session, attendees will be able to:
- Determine the rules and prohibitions concerning calculations and calculation reports
- Identify what level of reliance is allowed under the rules and how that is disclosed
- Analyze the traps and problems in calculations and calculation reports
- Differences between ASA and AICPA/NACVA/IBA calculation services
Who Should Attend
CPAs and appraisers
James R. Hitchner, CPA,ABV,CFF,ASA
Mr. James R. Hitchner, CPA,ABV,CFF,ASA, is Managing Director of Financial Valuation Advisors (www.finvaluation.com) and is President of the Financial Consulting Group (www.gofcg.org). He is also CEO of Valuation Products and Services (www.valuationproducts.com), which created and distributes the Business Valuation Standards Compliance Toolkit and presents monthly webinars. He is also Editor-in-Chief of Financial Valuation and Litigation Expert, a bimonthly journal that presents views and tools from some of the leading experts in valuation, forensics/fraud, and litigation services.
Mr. Hitchner is editor/coauthor of the books Financial Valuation: Applications and Models (FVAM), Third edition; Financial Valuation Workbook (FVW), Third edition; and Valuation for Financial Reporting, Fair Value Measurements and Reporting: Intangible Assets, Goodwill, and Impairment (VFR), Third edition, all published by Wiley. He is also coauthor of PPC's Guide to Business Valuations, 21st edition, published by Thomson Reuters. FVAM and FVW have been adopted by the AICPA for its five-day National Business Valuation School courses and by NACVA for its three-day Advanced Business Valuation courses.
Mr. Hitchner has been recognized as a qualified expert witness and has provided testimony on valuations in numerous state and federal courts. He has also been involved in hundreds of intangible asset valuations and was an ad hoc advisor to the FASB on their deliberations concerning SFAS 141/142 and presented two sessions to the Board on valuing and lifing intangible assets.
He has spent over 30 years in valuation services including as a shareholder with Phillips Hitchner Group, partner-in-charge of valuation services for the Southern Region of Coopers & Lybrand (currently PricewaterhouseCoopers), and senior appraiser with American Appraisal Associates. In the valuation area he has coauthored over 20 courses, taught over 60 courses, published over 80 articles, and has made over 180 conference presentations. He is also an inductee in the AICPA Business Valuation Hall of Fame and a two-time recipient of the AICPA's Business Valuation Volunteer of the Year award. He was also one of only four members of the AICPA Business Valuation Standards Writing Task Force and served for the entire six years up to the June 2007 official release of the standards.