Save the Date: Current Topics in Business Valuation Seminar

The American Society of Appraisers, New York City Chapter 30 will host the Eighteenth Annual Current Topics in Business Valuation – 2010 Seminar on Friday, May 7, 2010 at the midtown Manhattan offices of PricewaterhouseCoopers at 300 Madison Avenue, 24th Floor, New York, New York 10017. Scott Nammacher, ASA and Bill Johnston, ASA will co-chair the seminar again this year.

Registration is $275 per person if paid by April 30, and $325 thereafter or at the door. No refunds after May 1. Registrants will receive a binder of speaker outlines and educational materials. Click the Pay Now button at right to pay with your Visa, MasterCard, American Express, Discover or Bank account through PayPal. (No PayPal account required!) Or pay by check payable to "NYC Chapter of ASA,".

RSVP: Ms. Annie Bell, Empire Valuation Consultants, Inc., 350 5th Ave Ste 5513, New York, NY 10118. Telephone (212-714-0122); Fax (212-714-0124).

The seminar, which is expected to qualify for 8 hours ASA and CPE credit, will cover the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It will be ideal for business appraisers and others at all levels.

Complete seminar details will be available soon. Please check back here or subscribe to this page for updates.

Business Valuation Seminar: April 2010

The Philadelphia Chapter of the American Society of Appraisers (ASA) will hold its annual Business Valuation Seminar at the Doubletree Guest Suites Hotel in Plymouth Meeting, PA on Friday, April 30, 2010. The program includes how-to sessions conducted by leading thinkers on such topics as IRC 409A and SFAS 123R, intellectual property valuation, reasonable compensation, and lack of marketability discounting.

Mark L. Zyla, ASA, a Managing Director of the Atlanta Georgia firm of Acuitas, Inc. will present A Case Study in 409a and 123R Valuations from 8:30-10:30 am. Mr. Zyla is the author of Fair Value Measurements: Practical Guidance and Implementation (Wiley, 2009) and co-author of AICPA courses Fair Value Accounting: A Critical New Skill for All CPAs and Accounting for Goodwill and Intangible Assets. His presentation will explore current valuation methods, option pricing models and probability return models, discounting for lack of control and lack of marketability, and compare IRS 409A vs. auditor's SFAS 123R expectations.

P.J. Pankaj Patel, ASA, a Senior Vice President, and Edward P. Hamilton, a Vice President, at the Princeton, NJ Valuation Research Corp. will discuss Valuing Intellectual Property And Other Intangible Assets For Financial Reporting Purposes In A Business Combination from 10:15-11:30 am. Mr. Patel who took his B.S. at the University of Toronto and M.B.A. at Canisius College specializes in the valuation of intangible assets including in-process R & D, software, trademarks, patents and copyrights. Mr. Hamilton, whose baccalaureate is from Rowan University in physics, holds an M.B.A. from Temple University. He focuses on the valuation of intellectual property and intangible assets such as trademarks, technology, software, customer relationships and in-process R&D. Using valuation case studies in consumer products, software, technology, and defense companies, Messrs. Patel and Hamilton will discuss valuing brands, customer relationships and technology, including use of the relief from royalty and excess earnings methods and the 25%/33% rule in valuing intellectual property.

Jim Bowers, a Vice President, and Jeff Bacher, a Senior Consultant, at the Philadelphia office of the Hay Group, will present a program on Reasonable Compensation from 11:30 am to 12:15 pm. Mr. Bowers, who took his B.S. at Pennsylvania State University and holds a M.I.L.R. from Cornell, specializes in executive compensation, global job evaluation and general rewards, with a focus on the chemical, pharmaceutical, and energy industries. Mr. Bacher is a Senior Executive Compensation Consultant for Hay and has over twenty years consulting and executive experience. Their presentation will focus on the nuts and bolts of reasonable compensation, including tools to determine reasonableness, and factors that would undermine the presumption of reasonableness.

John J. Barton, ASA, President of Brandywine Valuation Consultants, LLC in Lyndell, PA will discuss Techniques for Estimating the Discount for Lack of Marketability from 1:15-4:40 pm. Mr. Barton holds a B.A. from LaSalle University, an M.A. in literature from Fordham University and an M.B.A. from LaSalle in Finance and Accounting. A specialist in the analysis of closely-held stock, preferred stock, intangible assets, and debt securities, he has taught business valuation courses for ASA, the Big Four accounting firms, the IRS, and at Villanova University. Mr. Barton's discussion of the discount for lack of marketability will use a case study approach focused on these analytical processes:

• FMV Opinions Restricted Stock Study
• Valuation Advisors IPO Study
• Quantitative Marketability Discount Model
• Option Models

 

Program Schedule
Registration, Buffet Breakfast	8:00 am-8:30 am
Morning Session*	8:30 am-12:15 pm
Lunch	12:15 pm-1:15 pm
Afternoon Session*	1:15 pm-4:40 pm

*Morning and Afternoon Sessions include Refreshment Break

 

Seminar Fees. Seminar fees include breakfast, snacks and lunch.

Early Registration	Register by March 31
ASA Members	$225
All others	$245
Regular Registration	Register after March 31
ASA Members	$250
All others	$270

 

Additional Information. The program qualifies for eight hours of Continuing Education Credit (CEC) for ASA members and for members of other professional organizations which recognize NASBA credit. A seminar brochure, including additional information, biographies of the presenters, a registration form, refund and cancellation policies is available in PDF format [262 KB]. For all other questions, including CEC eligibility for your organization, please contact the seminar organizer, Bob Haas at rhaasjr@rmha.com or (215) 887-6500, or Joanne Paciello at asaphiladelphia@verizon.net.

February Meeting: Forensic Investigations

This meeting has be CANCELED due to inclement weather and will be rescheduled.

The February chapter meeting will be held on Thursday, February 25, 2010 at 6:00 pm at Pal's Cabin in West Orange, NJ. The Executive Meeting is scheduled for 6:00 pm followed by Dinner at 6:30. The guest speaker is J.W. “Ted” Ibex, CPA, ABV/CFF, a Partner in the Tinton Falls office of Marcum LLP, who will talk about Forensic Investigations.

Mr. Ibex, who got earned his B.A. and M.B.A. in Accounting at Pennsylvania State University, has more than 35 years  experience in financial and business operations. As a member of Marcum LLP's Public Trust group, he has provided forensic and advisory services to government and quasi-government agencies.  As head of Marcum's Commercial Litigation Support Department, he provides business valuation, damage quantification, forensic investigations, accounting, advisory and consulting services in matrimonial, corporate, business and government matters.  Mr. Ibex has also served on his local Board of Education for over 25 years, served on his town Council, and been appointed to Oceanport New Jersey's Planning Board by its Mayor.

The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $30 person. Please RSVP Chapter Secretary Lynn Magnusson, AM by phone (973-425-1550), fax (973-425-1553) or email, and mail her your check payable to "ASA Northern New Jersey Chapter 73" by Monday, February 22.

Update: Current Topics in Business Valuations Seminar

The American Society of Appraisers, New York City Chapter 30 will host the Seventeenth Annual Current Topics in Business Valuations – 2009 Seminar on Friday, May 8, 2009 at the Hilton Hotel in New York at 1335 Avenue of the Americas, New York, NY 10019 (Phone: 212-586-7000). Scott Nammacher, ASA and Bill Johnston, ASA will again co-chair the seminar this year.

Register before April 17 and pay only $350 per person. Regular registration thereafter or at the door is $400. No refunds after May 1. Registrants will receive a binder of speaker outlines and educational materials. Click the Pay Now button at right to pay with your Visa, MasterCard, American Express, Discover or Bank account through PayPal. (No PayPal account required!) Or pay by check payable to "NYC Chapter of ASA,".

RSVP: Ms. Annie Bell, Empire Valuation Consultants, Inc., 350 5th Ave Ste 5513, New York, NY 10118. Telephone (212-714-0122); Fax (212-714-0124).

The seminar, which is expected to qualify for 8 hours ASA and CPE credit, will cover the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It will be ideal for business appraisers and others at all levels. The impressive line-up of speakers, panelists and topics promises a lively and informative day.

• Bank Valuations in Today's Environment
  Andrew K. Gibbs, CFA, CPA/ABV
• Horizon Values: Does, Don'ts and Methods to Keep Your Analysis Consistent
  Jeffrey Dunn
• Financial Reporting Update: Q & A on Current Issues
  Stamos Nicholas
• Valuing Debt Instruments: Intrinsic and Relative Valuation Methods
  John D. Moore, VP & Timothy J. Doherty, CFA, VP
• Underwater Option Re-pricing or Exchange Valuation Techniques and Issues
  Cindy Ma, Ph.D, CPA, CFA

Complete seminar details will be available within the week. Please check back here or subscribe to this page for updates.

NYC: Current Topics in Business Valuation

The seventeenth annual Current Topics in Business Valuations seminar, presented by the New York City Chapter, qualifies for 8 hours ASA and CPE credit, and covers the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It's ideal for business appraisers and others at all levels. The impressive line-up of speakers, panelists and topics promises a lively and informative day. For more information and to register online visit the ASA NYC Calendar.