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Fair Value Measurements in an Era of Uncertainty
Valuation Services
Webcast

Fair Value Measurements in an Era of Uncertainty

During this webcast you will discover how COVID-19 may impact your valuation engagements and hear how an expert panel has incorporated changes to their practices to meet the needs of their clients.

46656305-6110-4E90-B13F-627B274DF603Created with sketchtool.Included in Webcast Pass

Format

Webcast

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

2

Author(s)

Carla Nunes, PJ Patel, Ellliot Graf, Sylvia Cho

Availability

3 months

Learning Outcomes
  • Determine when to test goodwill, indefinite-lived and long-lived assets for impairment in the COVID-19 environment
  • Recognize what constitutes a triggering event
  • Reconcile various indications of value
  • Compare examples of cash flows being evaluated
  • Analyze market performance versus projections
  • Determine how Cost of Capital is changing in the COVID environment
  • Assess appropriateness of using historical data in the current environment of increasing Equity Risk Premiums
  • Analyze how betas and capital structure became significantly distorted in some industries
  • Determine how significant changes in the market impact control premiums (MPAPs)
  • Analyze the primary factors influencing market participant acquisition premiums (MPAPs)
  • Identify how control premiums change throughout market life cycles
  • Distinguish between equity control premiums and enterprise premise
  • Apply the documentation requirements from the CEIV’s Mandatory Performance Framework in the current environment, where relevant
Key Topics
  • Valuation
  • Fair value measurements
  • Fair Value for Financial Reporting
  • Impairment
  • Control premiums
  • Market participant acquisition premiums
  • Certified in Entity and Intangible Valuations (CEIV)
  • Mandatory Performance Framework (MPF)
Product Details

Changes in Valuation

The global business landscape has shifted due to the pandemic and has impacted how valuations are performed including the macro and micro considerations that go into them. Changes to expected cash flow, cost of capital, control and market premiums, and impairment analyses are just a few examples where this new environment has affected these inputs compared to historical trends.

In this webcast we will discuss these topics and more. You will learn how COVID-19 may impact your own valuation engagements and discover how this expert panel has incorporated changes to their practices to meet the needs of their clients.

Who Will Benefit
  • CPAs and valuation specialists who perform fair value measurements for financial reporting purposes
  • CFOs, controllers and senior financial professionals
  • Emerging valuation professionals
Pricing
Do you have an AICPA membership? Log in to apply your member discount.

Looking for group pricing?

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
More Details
NASBA Field of Study
Accounting
Level
Basic
Access
This is a live event. You will have access on the date/time of broadcast and the archive for 3 months after the broadcast date.
Duration
100 mins
Speakers
Carla Nunes
Carla Nunes is a Managing Director in the in the Office of Professional Practice, where she provides firm-wide technical guidance on a variety of valuation, financial reporting and tax issues. As part of that role, she also co-authors Duff & Phelps’ annual U.S. and European Goodwill Impairment Studies. She is also the Global Leader of Duff & Phelps’s Valuation Digital Solutions group, which produces cost of capital thought leadership content and data housed in the Cost of Capital Navigator. Carla is a member of the Education Committee of the International Institute of Business Valuers (IIBV). Carla received her MBA in finance from the University of Rochester's Simon Business School, completed coursework for a Masters of Taxation from Villanova University School of Law and received an honors degree in business administration from the University of Lisbon's School of Economics and Management (ISEG Lisbon). She also holds a Chartered Financial Analyst (CFA) designation and passed the exam and fulfilled all the requirements for the Certified in Entity and Intangibles Valuations (CEIV) credential.
PJ Patel
Mr. Patel is a senior managing director with VRC and specializes in the valuation of businesses, assets and liabilities for financial reporting purposes. Mr. Patel holds the designations of chartered financial analyst (CFA) and accredited senior appraiser (ASA). In addition, he holds a bachelor of science degree from the University of Toronto, and a master of business administration degree from Canisius College. Mr. Patel is a frequent presenter on valuation issues for financial reporting purposes and has recently presented on valuation issues relating to ASC 805, ASC 350/360, ASC 820. In addition, Mr. Patel was on the Fair Value panel at the 2008 AICPA SEC Conference. He has been quoted numerous times in the press regarding valuation issues. Mr. Patel is an active member of the Appraisal Industry Task Force (AITF). He is a member of the Appraisal Foundation’s Working Group preparing an industry Practice Aid for valuing customer related assets.
Ellliot Graf
Elliot Graf is a Managing Director in the Economic and Valuation Services Practice of KPMGLLP. He has significant experience in providing financial advisory and valuation services to middle market and large, multi- national clients throughout the US. These clients have been in the healthcare, technology, life science, consumer and industrial markets, and financial services industries. Elliot is a Chartered Financial Analyst(CFA),holds a Certified in Entity and Intangible Valuations(CEIV)credential, and holds a MSF from St.Louis University and a BBA from the University of Missouri at St.Louis.
Sylvia Cho
Sylvia Cho is a Transaction Services Principal at Grant Thornton. Cho joined Grant Thornton in 2011 as a manager and rose through the ranks of Valuation Services before becoming a principal in August 2018. She has cultivated a portfolio of deep client relationships over her tenure with the firm, helping them transform and create value for their business. Most recently, she led a successful divestiture and carve-out of a $30 billion asset under management business. Cho is vice president of the Business Valuation Association and an Advisory Board Member of the American Bankruptcy Institute VALCON. She also tutors underprivileged children as part of the Working in the Schools (WITS) program. Cho earned a bachelor’s degree in finance from the University of Illinois at Urbana-Champaign.
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Fair Value Measurements in an Era of Uncertainty
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