2021 Business Valuation Conference (C51450)


Cancellation Policy

This event is co-sponsored by ICPAS and the Indiana CPA Society.

Please note that this webinar is from a third party vendor, the Indiana CPA Society. We strongly recommend registering no later than one-hour before the webinar begins.

LINK TO ACCESS CONFERENCE:  You will receive an email from the Tierra Bush from Indiana CPA Society ([email protected]) that will contain your login link and additional details regarding the event.

Please contact the Indiana CPA Society Member Services Team at (317) 726-5000 or [email protected] if you have any technical issues.

Date(s):

11/10/2021 - 11/11/2021

Registration Open:

7:15 AM - 7:30 AM

Time:

7:30 AM - 11:10 AM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

8.00

Field(s) Of Study:

Specialized Knowledge (8.00)

Level of Knowledge:

Overview

Price:

Member: $380.00
Nonmember: $467.00

Individual Discounts:

Not Available

Overview

The Indiana CPA Society's biennial Business Valuation Conference helps you hone your skills and collaborate with CPA colleagues who also specialize in this area. Date: November 10-11, 2021 Location: Virtual Event Time: 7:30 a.m. - 11:10 a.m. CST (both days)

Upon completion of this conference you will ...

  • Learn how business valuation changed during 2020
  • Discover better tools and data to help you prepare a valuation
  • Examine best practices in the capitalized cash flow method, discounted cash flow method and the cost of capital
  • Explore the current economic climate and what is new
  • Receive guidance from local business valuation experts about current Indiana cases
  • Learn insight on current issues in business valuation focused on estate and gift taxes and how to apply them in your practice

Highlights

2021 Business Valuation Conference Agenda

DAY 1 - November 10, 2021

7:30 - 8:40 a.m. (CST) Business Valuation: Before, During and After COVID-19

Speaker: James R. Hitchner, CPA/ABV/CFF, ASA, Financial Valuation Advisors

It has been a long year+ with many challenges in business valuation. We tried a lot of things: some worked, and some did not. This presentation will show you how business valuation changed during 2020 and give you better tools and data NOW to help you prepare a valuation. This includes the right tools for computing discount, growth, and capitalization rates: economic and industry data: discounts and premiums: supportable income, market, and asset approach methods: and BV standards.

The participant will learn about the following:

  • A new look at valuation dates and "known or knowable"
  • How to apply probabilistic scenario analysis in the CCF
  • Alternatives to using probabilistic/scenario analyses in the DCF
  • Examples on discount rates and why you must look beyond the data inputs
  • Company specific risk - Is it the great equalizer in this pandemic?
  • New support for growth rates
  • A fresh look at the guideline company transactions method
  • How to use public market data - it's still not so easy
  • Why going concern values can be less than the net asset value
  • Discounts for lack of marketability and control
  • BV standards - more important than ever


8:50 - 9:50 a.m. Best Practices in the Income Approach

Speaker: James R. Hitchner, CPA/ABV/CFF, ASA, Financial Valuation Advisors

Hitchner will address best practices in the capitalized cash flow method, the discounted cash flow method, and the cost of capital including:

  • Blended long-term growth rates
  • CCF vs. DCF
  • Weighting historical cash flows
  • Normalizing debt in the direct to equity method
  • The mid-year convention in a CCF method
  • Perpetuity may not be as long as you think
  • Implied growth rates when using exit multiples in the terminal year
  • Proper due diligence with projections
  • Why MCAPM and the BUM are still valid
  • Why the size premium is still valid
  • Company specific risk
  • Capital structure weights


10:00 a.m. - 11:10 a.m. Economic Update - What's New?

Speaker: Stephanie Link, Hightower Advisors


DAY 2 - November 11, 2021

7:30 - 8:40 a.m. (CST) Indiana Valuation Case: Stories from the Ones Who Lived It

Speakers: Penny Lutocka, CPA/ABV, ASA, CFE, Houlihan Valuation Advisors: Rob Schlegel, FASA, MCBA, Houlihan Valuation Advisors: Drew Soshnick, Partner, Faegre Drinker Biddle & Reath, LLP: Paul Wonch, CPA/ABV, CVA, MBA, MAFF, Wonch Valuation Advisors

In this session you will hear from the local business valuation experts on two Indiana cases. Paul Wonch will review the Hartman vs. Big Inch Fabricators case and Penny Lutocka and Rob Schlegel will review the appellate case for Bringle vs. Bringle. Each will speak on their experience on these specific cases and what they may have done differently as a result of the decision. You will also get to hear from attorney Drew Soshnick who was one of the attorneys of the Bringle vs. Bringle case. Drew will give his review from the attorney's perspective, in addition give a quick Indiana Family Law Case update on relevant cases and issues.

8:50 - 9:50 a.m. Estate Tax Law Changes

Speakers: Brad Minor, CPA/ABV/CFF, ASA, CVA, CMEA, CM&AA Blue & Co., LLC: Thomas Wagner, CPA/ABV, CVA Blue & Co., LLC

Join Brad Minor and Thomas Wagner for a discussion of important recent court case valuation decisions. They will present and discuss several cases along with analysis that will provide insight into current issues in business valuation focused on estate and gift taxes and how to apply them in your practice.

10:00 a.m. - 11:10 a.m. Q&A - Ask the BV Experts (Panel Discussion)

Speakers: Brad Minor, CPA/ABV/CFF, ASA, CVA, CMEA, Blue & Co., LLC: Gregory Clark, CPA, CVA, MAFF, GMC & Company, LLC: Jason Thompson, CPA/ABV, ASA, CFE, CFF, Sponsel CPA Group

Moderator: Bret Brewer, CPA/ABV, ASA, CBA, CFF, CVA, 59-60, Inc.

It's time to ask the experts! In this panel discussion you will hear from three local business valuation experts. They will answer your burning business valuation questions. Come prepared with all your questions

Speaker(s)

Prerequisites

None