Recertification Courses

Report Writing: Review And Analysis

June 18—19, 2018

8:30 a.m.–5:15 p.m.

Best Practices to Bullet-Proof Your Valuation Reports

This engaging course is structured around the valuation engagement and report writing experiences of the attendees. As their specific issues are addressed, attendees will see examples of how to organize valuation reports, develop an enhanced table of contents, consider alternative formats and structures of reports, examine best practices, and use language that is most suitable to the specific engagement faced by the valuator.

It is incumbent upon the valuator to fully understand the standards by which his or her valuation report will be judged. Review standards are fully implemented in the business valuation profession, but few professionals know full-well how to apply them to their own valuation reports. Conventional report writing classes do not delve much into the review process. Report Writing: Review and Analysis includes those elements of the business appraisal review process that will make attendee’s valuation reports much better—readable, credible, and persuasive.

Applicants for the Certified Valuation Analyst® (CVA®) designations, and practitioners who hold a business valuation credential, will find the course instrumental in producing their case studies and demonstration reports for accreditation.

This course qualifies for 12 bonus points toward NACVA credentialed member recertification, in addition to course CPE.

Additional Registration Fee—Members: $1,170/Non-Members: $1,300. 10% and 5% early registration discounts available. Multiple-attendee
discounts do not apply. To learn more and register, visit www.theCTI.com/RW


Current Update in Valuations (CUV) Pre-Conference Symposium

June 19, 2018

Join this symposium of the finest subject matter experts as they collaborate to deliver training and tools that will assist you in producing a strong,
defensible work product that will lead to increased confidence in your opinions. To learn more, click here.

8:30 a.m.–10:15 a.m.
Federal and State Case Law Update
(Peter Agrapides)

Numerous court cases have furnished guidance on tax valuation issues and assistance with navigating the numerous minefields. State-level valuation case law should be of interest to any practitioner in the litigation support arena. This practical review of court cases and valuation issues deals with various types of clients and situations providing guidance in resolving valuation issues and maintaining compliance with tax code, regulations, and court decisions.

10:30 a.m.–12:15 p.m.
Business Valuation After the Tax Cuts and Jobs Act
(Melissa Bizyak, Robert Grossman)

The Tax Cuts and Jobs Act enacted on December 22, 2017, is perhaps the most expansive tax reform package passed in more than three decades! An important element of the new tax legislation is what the new law means to the discipline of business valuation. This session will address a number of complex tax provisions enacted as part of that new law that business valuators should be aware of in valuing privately held business ownership interests. Topics of interest will include: effects of the rate changes, the expanded expensing allowances, the temporary nature of the individual income tax changes, the qualified business deduction under Section 199A for pass-through businesses, and the impact of the new law in tax affecting.

1:30 p.m.–3:15 p.m.
Weighted Average Cost of Capital
(Garth Tebay)

In this session, attendees will understand when and how to use weighted average cost of capital (WACC). The presenter will discuss court cases that have vetted WACC and the courts’ criticism of the application of WACC. Attendees will understand the correlation of the capitalization of net cash flows to equity using the buildup approach compared to capitalization of net cash flows to invested capital using WACC. They will also obtain sources for the cost of debt and equity capital used in the WACC method and how to apply these cost of capital sources. The presenter will wrap up the session by looking at the application of WACC when valuing lack of control interests.

3:30 p.m.–5:15 p.m.
How Two Valuation Experts Can Arrive at Different Conclusions
(Marc Bello, Courtney Sparks White)

The attendees will get the facts to a valuation—purpose, valuation date, business/industry details, interest being valued, and other pertinent facts. The presenters will then walk the attendees through the valuation process giving insight, and maybe a little friendly disagreement, into the various assumptions. The attendees will learn that so often in a valuation analysis there may not be a right answer— but maybe a wrong one! Through thoughtful consideration of the various assumptions, attendees will learn to spot a wrong answer.

Additional Registration Fee—Members: $585/Non-Members: $650. Early registration or multiple-attendee discounts do not apply.
Click here to register for the Current Update in Valuations Pre-Conference Symposium.

Also available as a  live online broadcast. 
Click here to register for the Current Update in Valuations Pre-Conference Symposium Live Online Broadcast.


Industry Standards and Ethics

June 19, 2018

6:30 a.m.–8:15 a.m.

Ensure Your Knowledge and Compliance with the Profession's Standards

Recent developments within the professional organizations are moving toward the harmonization of industry standards.  Senior representatives from the valuation industry will discuss the standards impacting the profession, including: NACVA, IBA, ASA, AICPA, and USPAP.

This course qualifies for 12 bonus points toward NACVA credentialed member recertification, in addition to course CPE in regulatory ethics.

Additional Registration Fee—Members: $225/Non-Members: $250. Early registration or multiple-attendee discounts do not apply. To learn more and register, visit www.theCTI.com/ISU

Broadcast Also available as a  live online broadcast. 
Click here to register for the Industry Standards and Ethics Live Online Broadcast.


Business Valuation Report Peer Review—Case Analysis In Person (CAP)

June 19, 2018

6:30 a.m.–8:15 a.m.

The Profession's First and Only Business Valuation Report Peer Review

The peer review of valuation reports offered through the Case Analysis in Person (CAP) sessions provides authors of valuation reports with perspectives from like-mined valuators. The valuation reports are reviewed and discussed in a round table format with particular emphasis centered on whether or not the critical elements of the valuation report are sufficiently addressed and meet professional standards guidelines, while also identifying strengths and weaknesses of the report relating to overall readability, credibility, and persuasiveness. These interactive sessions are ideal settings to engage in a discussion with your peers about the potential risks to a valuator’s credibility by issuing reports that do not meet professional standards and reporting requirements.

This course qualifies for 12 bonus points toward NACVA credentialed member recertification, in addition to course CPE.

Additional Registration Fee—Members: $225/ Non-Members: $250. Early registration or multiple-attendee discounts do not apply. To learn more and register, visit www.theCTI.com/CAP


Litigation Report Writing Workshop

June 19, 2018

8:30 a.m.–5:15 p.m.

Effective Approaches to Writing for Damages Reports and Litigation Matters

In this hands-on workshop, attendees will learn effective approaches to writing an expert damages report for use in a litigation matter. The workshop will include a review of the report writing requirements set forth in the Federal Rules of Civil Procedure and reporting requirements for other jurisdictions. This workshop will also focus on drafting reports with an emphasis on content, language, supporting evidence, exhibits, and professional standards compliance. Attendees will be asked (not required) to submit a redacted expert report to the instructor prior to the date of the class. All arrangements will be made with NACVA Headquarters for this submission.

This course qualifies for 12 bonus points toward NACVA credentialed member recertification, in addition to course CPE.

Additional Registration Fee—Members: $585/Non-Members: $650. Early registration or multiple-attendee discounts do not apply. To learn more and register, visit www.theCTI.com/LRW