By ibaadmin | Published:
December 14, 2009
Current Developments in Fair Value Accounting Valuation Issues
By Robert F. Reilly, CPA, ASA, CBA, CFA, CMA
Introduction
Fair value accounting continues to receive a lot of press, both in the technical accounting and financial journals and in the general business publications. Rightly or wrongly, it seems like the implementation of various fair value accounting standards have caused more controversy than just about any other financial accounting standards changes in the last several decades.
Correctly or not, the financial instrument fair value disclosure requirements were blamed for both the credit crisis and the general economic downturn that occurred in Autumn 2008. Correctly or not, the fair value accounting provisions related to financial institution investments were blamed for the financial distress at many commercial and investment banks.
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By ibaadmin | Published:
October 26, 2009
Lake Forest, CA (Monday, October 26, 2009) – Business appraisal specialist Thomas Kalajian is the first professional in private practice in Southern and Central California to earn the prestigious new senior business appraisal designation, Accredited in Business Appraisal Review (ABAR), awarded by the Institute of Business Appraisers.
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By ibaadmin | Published:
October 21, 2009
By Howard A. Lewis, ABAR, AVA – IBA Executive Director
It’s been said that “too many standards are no standards at all.” In our profession, standards have come to be known as an “alphabet soup,” the “real standards” have been challenged to “stand up” and show themselves, and business appraisers across the country are increasingly concerned with the confusion and potential risks involved in learning, understanding, and applying numerous sets of standards.
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By ibaadmin | Published:
October 21, 2009
By Howard A. Lewis, ABAR, AVA – IBA Executive Director
October 21, 2009
Following the enactment of the American Jobs Creation Act of 2004 and the Pension Protection Act of 2006, the Internal Revenue Service took certain steps to address the tax-related appraisal provisions of the legislation. The provisions involved reporting requirements for non cash charitable contributions, new definitions of appraisal standards relating to both appraisals and appraisers, new and revised penalties and potential disciplinary actions against appraisers responsible for certain valuation misstatements, and other related actions.
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By admin | Published:
October 12, 2009
Astounding fact: Some 80-90% of privately held businesses placed on market will not sell. In his groundbreaking new book, Toby Tatum, MBA, CBA, reveals why, and gives practical advice on how to negotiate a fair price.
PLANTATION, FLORIDA – October 12, 2009 – The Institute of Business Appraisers (IBA), the oldest professional society devoted solely to [...]
By ibaadmin | Published:
October 5, 2009
In a recent case decided by the federal district court (Indiana), the Court excluded a valuation expert citing the failure of his report to meet the requirements of Federal Rule of Civil Procedure 26(a)2(B) and the Daubert tests.
The court also noted that, notwithstanding the expert’s outstanding qualifications, he did not have private company valuation experience. [...]
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By ibaadmin | Published:
October 5, 2009
Attention Business Appraisal Practitioners,
Here is your opportunity to gain recognition from your peers and demonstrate your expertise by submitting a technical paper for IBA’s Peer Reviewed Technical Journal. Your technical paper may also be used for an IBA webinar, newsletter, or even the development of an IBA course.
IBA is currently accepting technical papers on the following topics: Business [...]
By ibaadmin | Published:
October 5, 2009
Company: Gates, Moore & Company
Position: Healthcare Valuation Consultant
Location: Atlanta, GA
Gates, Moore & Company: Healthcare ConsultantAt Gates, Moore & Company we offer opportunities in Healthcare Consulting, Accounting, and Administrative positions. We also assist our clients in placing staff at physician offices.
Position: Gates, Moore & Company: Healthcare Valuation Consultant
We are a national healthcare consulting and accounting firm [...]
By ibaadmin | Published:
October 5, 2009
A Look into the Future of the Appraisal Profession
By Francisco “Frank” Rosillo, CPA, ABV, CBA, CFE, ABAR
Chairman, ABAR Qualifications Review Committee, Institute of Business Appraisers
Managing Director, The Valuations & Forensics Advisory, LLC. frosillo@valfor.net www.valfor.net
In today’s litigious business environment, stakeholders in the appraisal process, as users of the work products of opposing appraisers, often find themselves frustrated.
Ultimately, this frustration results in stakeholders averaging differing opinions of value, without the benefit of a means to assess the credibility of the foundation upon which each opinion of value rests – which may be tantamount to saying that the good, the bad and the ugly can somehow be suitably reconciled on the road towards achieving a credible finding to rely upon. Consequently, many stakeholders in the appraisal process are now reluctant to accept the work of appraisers. Nonetheless, timely decisions need to be made concerning matters involving the determination of value. From this state of frustration, a renewed interest in the field of appraisal review has evolved.
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By ibaadmin | Published:
October 2, 2009
By Scott Gabehart (BA, MIM, CBA)
October 2, 2009.
The U.S. Small Business Administration has once again updated its primary policy document related to so-called “change of ownership” loans which often require the services of “independent” and “qualified” business appraisers which include Certified Business Appraisers (CBAs). After a tumultuous six month period involving their March, 2009 decision to implement a “goodwill cap” associated with business acquisition financing, the SBA has “loosened” their grip in this area by issuing SOP50-10(5)(B) with an effective date of 10-1-09.
