Business Valuation Conference - VIRTUAL
8.00 Credits
Member Price $475
Non-Member Price $575
Overview
This conference is offered in collaboration with the Minnesota Society of CPAs.
The Business Valuation Conference is your blueprint for success in the dynamic world of business valuation. Equip yourself with essential knowledge from local and national experts. Execute strategies to improve accuracy and reliability in your assessments. Apply insights and integrate recent developments to elevate our valuation expertise.
Highlights
Prerequisites
Designed For
CPAs, business valuation specialists, appraisers and other financial professionals who perform business valuations
Objectives
Preparation
None.
Notice
Wednesday, November 6
General Session
- Business Valuation MythBusters
Jim HitchnerJim Hitchner
Jim Hitchner is managing director of Financial Valuation Advisors and president of The Financial Consulting Group. He is also CEO of Valuation Products and Services (VPS). Hitchner has spent over 44 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 150 articles, and has made over 400 conference and webinar presentations.
Based on his popular “Hardball with Hitchner” series, national expert Jim Hitchner debunks 14 common myths in business valuation in this engaging session. Explore various myths such as the misconception that the IRS only accepts USPAP in tax-related valuations, the reliability of restricted stock studies for determining discounts for lack of marketability (DLOM), and the inclusion of synergies in fair market value. Learn valuable insights and clarify misconceptions that can impact your valuation practices.
Credits: 2 - Specialized Knowledge
This session is available to registrants only.
Optional Session
- Valuation of Interests in Tiered Entities
William HarrisWilliam Harris
William Harris, ASA, CFA, is a Chartered Financial Analyst and an Accredited Senior Appraiser with the American Society of Appraisers. He has a master’s degree in finance from Florida International University. He has also authored or co-authored several articles and presented webinars on business valuation topics. William is also a member of the Valuations Committee of the Trust and Estates Editorial Advisory Board for Wealth Management Magazine. William’s appraisal education also includes various courses offered by the American Society of Appraisers, the Association of International Certified Professional Accountants and the National Association of Certified Valuators and Analysts.
Delve into the complexities of valuing minority interests in asset-holding entities, particularly focusing on the application of tiered discounts. Explore the challenges valuation analysts face when dealing with partnership structures that involve noncontrolling interests across multiple tiers. Find out whether discounts for lack of control and marketability are appropriate at each tier and how these discounts can affect overall valuations. Examine relevant case law and fundamental valuation principles to gain a comprehensive understanding of the strengths and weaknesses of various valuation approaches.
Credits: 1 - Specialized Knowledge
This session is available to registrants only.
Optional Session
- Using Regression Analysis in Business Valuation
Valuation analysts often examine how one or more variables explain the behavior of another variable such as revenues or trends in market multiples. You’re also tasked with analyzing trends in data to forecast future results. Linear regression models can be useful tools in analyzing relationships between economic and financial variables over time. Learn to apply these models to support assumptions in business valuation, while understanding their limitations.
Credits: 1 - Specialized Knowledge
This session is available to registrants only.
General Session
- Elections Have Consequences: The U.S. Economy in 2025
King Banaian, Unidentified Educational InstitutionKing Banaian
King Banaian, Ph.D. is the interim dean of the College of Education and Learning Design and a professor in the Department of Economics at St. Cloud State University. He has consulted at central banks and ministries of finance in several developing countries. Dr. Banaian has authored two books and over 50 articles discussing monetary policy and political economy. He is co-author of the St. Cloud Quarterly Business Report, president of the St. Cloud Economic Development Authority and a commissioner of the St. Cloud Regional Airport. Dr. Banaian holds a Ph.D. in economics from the Claremont Graduate School and he is a former state representative for St. Cloud.
The American economy grew moderately in 2024, avoiding the expected 2023 recession. Concerns like commercial real estate had minimal impact on consumption and investment. The November 2024 elections will change the business landscape and clarify select business uncertainties. Dr. Banaian will analyze what has become clearer and what remains uncertain.
Credits: 1.5 - Specialized Knowledge
This session is available to registrants only.
General Session
- What Happens in a Quality of Earnings Analysis?
Ryan TurbesRyan Turbes
Ryan Tubes joined Boulay in 2011, became a partner in 2019, and has more than 10 years of experience providing transaction advisory services for private equity, family investment offices, corporate and individual clients (collectively, Private Capital). He has prior experience providing tax, attest and accounting services to Private Capital clients in a variety of industries. Ryan works with his clients to provide critical transaction insights to make informed investment decisions and analyzes business operations to make recommendations for enhancing overall business performance. Prior to joining Boulay, he worked in the audit practice of a regional CPA firm.
Clay Brownlee
Clayton Brownlee, CPAjoined Boulay in 2016 and was promoted to Partner in 2023. Throughout his time in public accounting, he’s gained a broad exposure to a number of industries including retail and distribution, manufacturing, healthcare, professional services, and software and technology. After beginning his career in audit, Clay now specializes in providing financial due diligence and valuation consulting services to search fund, private equity, family investment offices and corporate partners. With his primary focus on financial due diligence, Clay provides critical transaction insights and data analysis to support investment decisions and business operations analysis.
In today’s increasingly efficient marketplace, buyers and sellers aim to avoid deal valuation “retrading”, minimize diligence surprises and close chosen deals quickly. Financial due diligence, which is synonymous with Quality of Earnings, provides users with a consistent, thorough and independent analysis of historical performance, and business and financial risks. Walk away with an understanding of company background, economics, accounting policy, and potential effects of technical GAAP accounting matters.
Credits: 1.5 - Specialized Knowledge
This session is available to registrants only.
Optional Session
- Court Case Update
Richard BerningRichard Berning
Richard C. Berning, CPA/ABV, CBA, CVA, CFF, CFP, CMA is a shareholder of ValuationUSA, a firm dedicated exclusively to providing business valuation and litigation support services. ValuationUSA has been involved in thousands of business valuations involving companies from start-ups to those with revenues over $1 billion. Richard is a frequent speaker locally and nationally on business valuation and litigation-related topics. He has acted as a court-appointed neutral expert and has provided expert witness testimony on more than 150 occasions.
With the end of 2024, it’s time for an annual review of court cases that have impacted the business valuation and litigation support professions. Dig into cases on a wide range of topics, including shareholder disputes, family law, trust disputes, lost profits and tax issues. Gain insight into what the courts look for and discuss recent significant court decisions.
Credits: 1 - Business Law
This session is available to registrants only.
Non-Member Price $575
Member Price $475