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Lecture halls are for undergraduates. Small groups are for debate, mentoring and working through the challenges for a higher learning environment. Get ready for the masters level experience.
With just 100 registrants in a room, it’s possible to have small workgroups and the time to challenge the concepts, working a problem and sharing input. Engage in the debate; stretch your mind; state your case. A four-hour presentation of the topics allows for in-depth discussion to work toward a consensus on controversial issues. In an effort to optimize peer contact and expand networking opportunities, Symposium rotates seating over the three-day period, allowing you to interact and share the viewpoints of 30 other professionals, emphasizing IBA’s philosophy: “Share the Wealth.” You have to learn the rules of the game. And then you have to play better than anyone else. — Albert Einstein For the business appraiser, defining the rules of the client relationship is the way to manage risk and keep control. Join IBA Executive Director Michele G. Miles, Esquire Wednesday, June 18 from 9am to noon for a Master Class on Professional Service Agreements, and learn how a well-drafted contract can be your new best friend. Intermediate/Advanced: 3 hrs. CPE. Participants registered at Pheasant Run Resort receive a $75 scholarship towards Master Class tuition.
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The IBA Symposium Model is a march to a different drummer |
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General Sessions begin Thursday June 19 in joint session for the Thomas Stanton Memorial Lecture Series |
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Masterminds: Track II |
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Value of Employee Stock Options for SFAS 123R. Distinct from ESOPS, options have unique challenges. Features of options and their impact on value; key variable measurement; accounting for dilution and disclosure issues. Participants will construct a binomial lattice model for valuing stock options. Bring a laptop for hands-on experience. Private Company Assessment: For senior level practitioners, strategic analysis provides a valuable service and significant fees. Examine the process used to provide this service; recognize the four types of company operator profiles; develop planning based valuation and ROI analysis; key metrics defining risk and value, and learn how to perform annual reassessments to continue assisting companies in prioritizing financial and non-financial goals. 50 Years of 59-60: no other document has had so dramatic an impact on business appraisal. Examines major cases and challenges the audience to consider which factors have increased - or decreased - relevance in today’s environment. Bring your red pen and get ready for the debate. Transaction Appraisal: Submitted - 1) current income-methods often violate fundamental principles of finance, 2) current finance theories, developed decades ago, made simplifying assumptions that are not applicable today, and 3) current valuation methods ignore critical capital market variables. Why value is NOT hypersensitive to growth and cost of equity. Apportioning active and passive appreciation in Divorce: Explore the factors which can demonstrate growth due to the efforts of the owner spouse, and identify the numbers which are explained by changes in economic conditions. Presents a quantitative model for primary variables. |
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Fine-Tuning Your Skills: Track I What’s next for Fair Value accounting:one of the greatest impacts to business appraisal in decades – a strong movement away from historical costs of assets & liabilities toward current ‘fair’ values. Financial reporting context, intangibles, goodwill impairment and valuation of equity in companies with complex capital structure. Transaction data controversies: The best evidence of market value remains the market, but this evidence is frequently ignored or misused. Strategic advantages and disadvantages of using these methods; transactions in company’s own stock; divisional buys and sells; buy sell agreements. Rules of thumb; what to do about the duplicates; and why for privately held companies, the GLPC method will soon go the way of the dinosaur. How Deal Structuring Impacts Value: Even seasoned appraisers struggle with quantifying the impact of sale terms on fair market value, but the market reacts to these factors. Jack Zollinger brings a veteran’s view from the transaction trenches on the financial factors and their impact. Industry forecasting: Getting beyond “Because I said so.” Industry information is the best basis for a forecast, but reliable data can be difficult to locate - and expensive. A hands-on presentation which seeks out hard data on which appraisers can base their predictions of the future. Submit suggested industries for the presenter’s case study. Guerilla marketing: it’s a jungle out there! Focus on what really works in signing up appraisal clients. Discussions with appraisers and the speakers’ own experiences (and errors) have distilled marketing to combat basis. Special emphasis on overcoming client objections, and closing the sale. We are waiting to show you the money. |
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A four-hour session on The Cost of Capital: Duff & Phelps v. Morningstar v. Common Sense. Stanton Lecture Presenter: James R. Hitchener, CPA/ABV, ASA. |
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Tracks I and II each have a limit of 100 registrants. To register or for more information, call IBA at 800-299-4130 or contact us via email to Grace@go-iba.org or Brian@go-iba.org. |