2021 Business Valuation Conference - Day 1 (C51451)


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

Registration Open:

12:00 AM - 7:30 AM

Time:

7:30 AM - 11:10 AM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

4.00

Field(s) Of Study:

Specialized Knowledge (4.00)

Level of Knowledge:

Overview

Price:

Member: $235.00
Nonmember: $282.00

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, 2021 Location: Virtual Event Time: 7:30 a.m. - 11:10 a.m. CST

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

Highlights

2021 Business Valuation Conference Agenda

DAY 1 - November 10, 2021

7:30 - 8:40 a.m. 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


Speaker(s)

Prerequisites

None