Business Valuation, Fraud & Litigation Services Conference

Obtain an overview of the Duff & Phelps' Cost of Capital (COC) Navigator, including new enhancements. You'll go through a “guided tour” on the use of the online navigator for estimating the cost of equity capital. Learn how to use the navigator to estimate the risk-free rate, equity risk premium, beta and size premium. 

Credit: Computer Software & Applications - 1

The newest resource for developing cost of equity capital estimates has arrived. The inputs to cost of capital have become so complex that the risk of making errors has increased greatly. This new cost-effective resource from Business Valuation Resources (BVR) integrates data from multiple sources, including the University of Chicago’s Center for Research in Security Prices (CRSP) data, Professor Aswath Damodaran’s data resources, and the U.S. Federal Reserve on Treasury bond yields. The philosophy behind the resource is to provide valuation practitioners with an independent, economical and transparent platform that empowers users to make professional judgments while avoiding the illusion of precision from over-complicated mathematics.

Learning Objectives:

• Explain the illusion of precision from complicated mathematics 
• Identify how to retrieve cost of capital inputs relevant to the practitioner’s subject company
• Explain how the cost of capital professional can help valuation practitioners be more effective

Credit: Computer Software & Applications - 1

Is it one or the other or both? Discover the pros and cons of each database and learn how to determine, support and present on the cost of equity capital. This session also evaluates the tools, resources and methods available to determine the cost of capital and how to reconcile the results into a supportable conclusion.

Learning Objectives:

• Learn the inputs, support, reconciliation and presentation of a new cost of capital case study using the data and methods from different sources
• Discover how to properly and improperly calculate the cost of capital
• Learn what questions attorneys can ask experts to try to discredit the analysis
• Find out what’s new and updated  
• Hear about alternative sources for the cost of capital

Credit: Computer Software & Applications - 1

Gain a solid grounding in the cannabis industry with respect to critical accounting and tax compliance issues. Explore emerging trends in agricultural hemp and CBD as well as business and intellectual property appraisal nuances and challenges. 

You’ll receive a gratis copy of the speaker’s recently-released white paper on industry trends and conundrums and a $50 discount on “The Cannabis Industry Accounting and Appraisal Guide.”  

Major subjects:

• An industry overview and hot button issues
• IRC 280E and choice of entity issues
• The legislative landscape and the outlook for banking
• The cannabis plant, CBDs and hemp
• Lessons learned from Colorado
• Business and IP appraisal in the cannabis sector
• Macro trends
• Potpourri 
• Questions and answers

Credit: Specialized Knowledge - 1

Have you ever read a business valuation report where you knew the valuation was rigged to obtain a higher or lower value? Learn the tricks of the trade on how some valuation analysts can manipulate the process in order to please their client and/or win at all costs. Learn how to detect and attack biases.

Learning Objectives:

• Learn how some valuation analysts rig their valuations to obtain a desired result
• Learn how to detect valuation biases and to expose them in an understandable manner
• Discover what questions to ask experts to try to discredit the analysis
• Find ways to convince a trier of the fact that two different values do not always mean both sides are biased
• Learn how to avoid unwanted biases in your own valuations
• Learn the key value drivers and how they can be manipulated

Credit: Specialized Knowledge - 2

The adjustment to reflect reasonable compensation for an owner/employee can be the single most important decision that a valuator makes. And yet we are content to (mis)use methodology and resources because that’s what everyone else does … or it’s what “so and so” said to do. Add to that the inherent problems associated with misunderstanding and misusing compensation surveys and you have a recipe for disaster, not to mention a visit from “big brother.” Discuss how to perform a thorough analysis, considering productivity, appropriate resources and duties. In addition, explore the impact of recent tax reform on reasonable compensation. Learn how to properly use compensation studies, determine reasonable compensation for key individuals and assess the impact of compensation adjustments on the fair market value of a company. 

Features:

• Strengths and weaknesses of survey usage
• An interactive presentation of reasonable compensation determination
• Identification of commonly encountered complexities when working with reasonable compensation, such as addressing compensation for an owner/employee who wears “different hats”
• Identifying reasonable compensation for key employees including owners
• Comparisons of results using actual local market data to survey data
• Various sources of benchmarking data

Credit: Specialized Knowledge - 2

Satisfy your 2019 Virginia Board of Accountancy (VBOA) Ethics requirement with this 2-hour, Virginia-specific Ethics course.

Credit: Regulatory Ethics - 2

This session demonstrates how to forensically analyze virtually any set of financials from a hand-written balance sheet through publicly-held attest statements. Learn how to evaluate any/all financial statements regardless of source including owner, management, auditor, accountant, etc.

Credit: Finance - 2

This session addresses “quantifying” words (including software) and deploys the five major categories of word/text analysis in virtually every type of written document. Discover how to “quantify” words (including software) to identify phantom authorship, inconsistencies and discrepancies, deceit, etc.

Credit: Specialized Knowledge - 2

Valuable information is lurking throughout the web and finding that information can assist your case. Learn about various research techniques using public records and social media websites to obtain information on both individuals and entities.

Credit: Specialized Knowledge - 2

Microsoft Excel users will benefit from understanding how they can use these new data analysis features. This demonstration will cover new techniques to analyze data with functions, time-saving tips and business intelligence power tools added to Excel 2016 including PowerPivot, Power Query and Power BI. The tips will help you, your team and your organization work more efficiently in Excel. Walk away with practical information for after immediate use.

Learning Objectives:

• Obtain tips and how to use new automated features for cleaning up and reporting on data
• Explore pivot table features for quick data analysis using custom calculations, custom filters and pivot charts
• Discover the differences between the legacy pivot tables and new Power Pivot Data Model features
• Learn how to use the new Power Query to connect to data sources and modify data structure
• Obtain guidance on the new Power BI tools to create dynamic interactive reports and visualize data in charts and graphs

Credit: Computer Software & Applications - 2