Introduction to Business Valuations
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This course is designed to be an introductory course on business valuations. Participants will be exposed to various business valuations and methodologies. We will discuss why business valuations are performed and the importance of maintaining standards so that the valuation opinion can be presented in a court of law. We will review the NACVA and AICPA standards. This course is appropriate for anyone who is interested in business valuations.
Note: This course is designed to be a prerequisite for intermediate and advanced business valuation courses to be offered in 2023.
Publication Date: January 2022
Designed For
CPAs, internal auditors, CIAs, external auditors, and managers.
Topics Covered
- Business Valuation Salaries
- Consulting versus Testifying Experts
- Major Organizations
- Business Valuation Designations
- Professional Standards
- Valuing a Business
- Valuation Engagements
- Revenue Rulings 59-60, 65-193, 68-609, 77-287, 81-253, 83-120, 93-12
- Standards of Value
- Premise of Value
- Elements of a Business Valuation
- Basic Analysis of a Business Valuation
- Common Valuation Approaches
- Levels of Value
- Premiums and Discounts
- Conclusion of Value
- Valuation Report
Learning Objectives
- Identify the reasons for performing a valuation engagement and the various valuation approaches
- Identify the business valuation methodologies and standards
- Identify what would be applied if more than 50% of the business was being valued
- Differentiate various approaches and where they fall
- Identify a premise of value
- Recognize reasons not to perform a business valuation
- Recognize who would use an agreed upon approach and method to determine the value of a business
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
