Recertification Courses

Current Update in Valuations (CUV) Pre-Conference Symposium

June 5, 2019

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. 
Industry Compliance—Case Law Update, IRS 199A, Tax Cuts and Jobs Act, SSARS 21–24
(Melissa Gragg, Baria Jaroudi, Garth Tebay)

This session will present a practical review of recent court cases and valuation issues providing guidance for maintaining compliance with tax code, regulations, and court decisions. It will also address IRS Section 199A which provides many taxpayers a deduction for qualified business income from a qualified trade or business operated directly or through a pass-through entity. Valuation issues relating to the Tax Cuts and Jobs Act will be addressed along with SSARS 21-24, which focuses on CPAs compliance with standards for reviews, compilations, and engagements when preparing financial statements.

10:30 a.m.–12:15 p.m.
The Calculation of Value Controversy—More Efficient or Serious Compromise?
(Jason Pierce; Moderated by C. Zachary Meyers)

For many practitioners, calculation of value reports is too risky for the courtroom, while their peers may see them as a way to make the process more efficient and affordable. The controversy recently sparked conflicting articles in Business Valuation Update and Financial Valuation and Litigation Expert. This session delves into both sides of the debate, including a survey of the relevant professional standards, trends in the case law, and how they have been accepted/rejected by the courts. Attendees will receive insight on how to recognize the opportunities and threats with these types of cases while protecting themselves along the way.

1:30 p.m.–3:15 p.m.
Buried Treasure—Dig into the Balance Sheet
(Ronald D. Rudich)

Integrating the balance sheet into the analysis is a critical component of a thorough valuation engagement. This session will review the major parts of the balance sheet and how they relate to the valuation in order to provide more complete results and reports. We will provide techniques to estimate the “business valuation working capital”, identify excess operating and nonoperating assets, and evaluate the capital structure to better support the assumptions used to develop a conclusion of value. The attendees will be provided with an appreciation of and tools for how the balance sheet can be utilized with other analyses to improve and support their opinions.

3:30 p.m.–5:15 p.m.
Cost of Capital Conundrum
(Melissa Gragg, Baria Jaroudi, C. Zachary Meyers, Ronald D. Rudich; Moderated by Garth Tebay)

This session will address the cost of capital options available from the Duff & Phelps Cost of Capital Navigator and how best to interpret and use the results. The presenters will discuss levered cost of capital, unlevered cost of capital, and relevered cost of capital; with an emphasis on when it is appropriate to relever cost of capital and how to apply the results. They will explain when and how to use the regression equation method to calculate the additional size premium for your subject company when it is smaller than the 25th portfolio. They will also discuss company specific risk premium and alternatives to frequently used guestimates. The Cost of Capital Conundrum session will use case study examples from Navigator to help explain the output available from Navigator.

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 5, 2019

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 5, 2019

6:30 a.m.–8:15 a.m.

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

Knowledge is acquired in three ways: education, experience, and interaction. Attendees in this course are on pre-assigned round tables to review and discuss actual valuations. Through this process, you will learn from others’ experience and group interaction. Attendees are given a report before the course that must be reviewed prior.

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 5, 2019

8:30 a.m.–5:15 p.m.

In this Litigation Report Writing Workshop, attendees will learn effective approaches to writing an expert 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.

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