T U ESDAY, OCTOBER 15, 2013 continued
SESSION CONTENT
T U ESDAY, OCTOBER 15, 2013 continued
9:05- 10:05am ASA Business Valuation Standards, USPAP and the International Valuation Standards: Harmonization? Convergence? Or What? Z. Christopher Mercer, ASA, CFA, ABAR Chief Executive Officer | Mercer Capital Management, Inc. Memphis, TN
Richard Wise, FASA, MCBA, CVA, FCBV, CPA, CA Partner | MNP LLP Montreal, QC
This session will cover recent changes— implemented as well as proposed— to BV standards that are required to be followed by members of ASA, whether emanating from USPAP or the IVS, and the harmonization and / or convergence of ASA, USPAP and IVS Business Valuation standards as they impact the BV profession.
Financial Instruments Michael Kraehnke, CPA Partner | KPMG LLP New York, NY
This session will provide updates on the FASB and IASB Financial Instruments project as well as recent disclosure requirements and common valuation issues.
Professional Goodwill in Marital Dissolution- Art or Science? Elizabeth( Beth) Hurst, ASA, MBA Managing Director | Stewart McClean Consulting Houston, TX
This session will include a discussion of the elements of personal versus enterprise goodwill. Learn about the management interview with examples of questions, along with formulas for quantifying goodwill through short case studies. Walk away with a better understanding that although there are many“ soft” elements of goodwill, Personal Goodwill can be quantified; it is always better to use more than one approach; and that each case is different and the bottom line is always what can be transferred to a new owner.
10:35- 11:50am Tax Court Case Update William H. Frazier Managing Director | Stout Risius Ross Dallas, TX
This session will offer a review of recent Tax Court cases and the important implications to business valuation.
Understanding What Auditors / Valuation Review Teams Require in Fair Value Appraisals Anthony V. Aaron, ASA, CFA, FRICS Principal | Ernst & Young LLP McLean, VA
Seenu Akunuri Principal | PricewaterhouseCoopers LLP Hosuton, TX
BJ Orzechowski Partner | KPMG LLP- Economic and Valuation Services Philadelphia, PA
Daniel Peckham, CFA Principal | Deloitte Financial Advisory Services LLP Dallas, TX
This informative panel discussion will highlight key issues in valuations for financial reporting purposes, which are addressed in the financial statement audit setting. Learn more about“ hot buttons” that often come up when reviewing the work of external valuation specialists.
Intangible Asset Economic Damages Methods Robert P. Schweihs, ASA, CBA Managing Director | Willamette Management Associates Chicago, IL
Intangible assets( and particularly intellectual property) can be the subject of both breach of contract and tort claims. This session will summarize the generally accepted intangible asset damages method, including: the lost profits method; the reasonable royalty rate method; and the lost business value / cost to cure method. This session describes each damages measurement method; explains methodological strengths and weaknesses; summarizes relevant data sources; and provides illustrative examples.
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