Tag Archives: ASA

REGISTER NOW: 2018 Business Valuation Seminar

The Philadelphia Chapter of the ASA will hold its 13th Annual Spring Business Valuation Seminar program on Friday, April 27, 2018, at the Doubletree Hotel in Plymouth Meeting, PA. The program will include a variety of topics presented by key thought leaders.

֍ How to Rig a Valuation and DLOM: New Research and Tools – James Hitchner, CPA/ABV/CFF, ASA
֍ Update in Estimating Cost of Capital – Roger Grabowski, FASA
֍ Impacts of Tax Cuts and Jobs Act on Business Valuation – Mitchell Gerstein, CPA, MST, PFS & Laura Anastasio, ASA, CEIV
֍ Best Practices in Inventory Valuation – Charles Sapnas, CFA, ASA & Anthony Pumphrey, CFA, ASA
֍ What Appraisers Must Know About Taxes On Damage Awards – Martin Abo, CPA/ABV/CVA/CFF

042718BVSeminar
Fees. Early Bird fees, which apply when registration forms and payments are submitted by March 30, are $335 for ASA Members, $370 for all others. After March 30, registration is $365 for ASA Members, $400 for all others. The fee includes lunch, and morning and afternoon refreshments.

To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail to Chapter President Sheila Gorman, 10 Presidential Blvd, Bala Cynwyd PA 19004. Please note that seating capacity is limited.

Credit. The program qualifies for eight (8) hours of Continuing Education Credit (CEC) for ASA members and for members of other professional organizations which recognize NASBA credit.

Brochure. A seminar brochure, including comprehensive information, biographies of the presenters, a registration form, refund and cancellation policies is available for download in PDF format.

Questions. For all other questions, including CEC eligibility for your organization, please contact the seminar organizers, Sheila Gorman at sgorman@finresearch.com or (484)-270-1240 or Frank Merenda at fmerenda@eacvaluations.com or (610)-687-5855.

April Meeting: Michael Jackson Estate Valuation

The April Chapter Meeting, rescheduled from March because of weather, will be held on Wednesday, April 18, 2018 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be Jay E. Fishman, FASA, Managing Director and founder of Financial Research Associates, who will discuss the intriguing “Michael Jackson Estate Valuation.”

JayEFishman Awards & Appointments
Jay Fishman took his Bachelor’s and Master’s degrees at Temple, an M.B.A. from LaSalle, and soon after founded Financial Research Associates, where he specializes in the valuations of business enterprises and their intangible assets. His awards — among them our Chapter’s Sinclair Award, and the Appraisal Foundation’s Chairman’s Public Service Award — and his leadership roles, including Editor of ASA’s Business Valuation Review and Chair of it’s Government Relations Committee, membership on the Appraisal Foundations Appraisal Standards and Appraisal Practice Boards, to mention a few, are the tip of an iceberg of a lifetime of accomplishment and service.

Articles, Books & Courses
Jay is a prolific author, having written, often in collaboration, more than two dozen articles, many chapters, and half a dozen books, the most recent being The Business Valuation Bench Book with William Morrison (2017) and A Consensus View Q&A Guide to Financial Valuation with James Hitchner and Shannon Pratt (2016). Much in demand as a speaker and panelist, he has talked about business valuation from coast to coast and around the world, including in Indonesia, Spain, Hungary and most recently in Italy. Jay has also developed and taught courses on business valuation for the IRS, the AICPA, the Hong Kong Society of Accountants, and on behalf of the World Bank in St. Petersburg, Russia. He also taught courses in Moscow, Russia, and for the Slovenian Institute of Auditors in Ljubljana, Slovenia.

Expert Witness Testimony
Mr. Fishman has been court-appointed to value closely held enterprises in Pennsylvania, New Jersey and other states, and has qualified as an expert witness and provided testimony in Federal District Court, United States Tax Court and in more than a dozen state courts.

It was an expert witness called by the estate that Mr. Fishman came to testify last February in the case of the Estate of Michael J. Jackson et al. v. Commissioner of Internal Revenue in U.S. Tax Court in Los Angeles. It was there that he famously said “I call it like being in a nuclear winter.”

ASA Credit
Jay’s talk about evaluating the publicity rights in the Michael Jackson case is sure to be interesting and informative. As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Payment
Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page. Otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, April 12, to Chapter President Sheila Gorman by mail to 10 Presidential Blvd, Bala Cynwyd PA 19004, email, or phone (484-270-1240).

SAVE THE DATE: 2018 Business Valuation Seminar

SAVE THE DATE
The Philadelphia Chapter of the ASA will hold its 13th Annual Spring Business Valuation Seminar program on Friday, April 27, 2018, at the Doubletree Hotel in Plymouth Meeting, PA. The program will include a variety of topics presented by key thought leaders.

PROGRAM
The presenters and topics will be announced shortly.

CONTINUING EDUCATION CREDITS
The Seminar qualifies for eight (8) credit hours for ASA purposes. ASA National is a NASBA sponsor and has advised the Philadelphia Chapter that the PA Board of Accountancy and other state boards will honor CEs from our program for CPAs. In addition to NASBA, the ASA is a sponsor to other organizations, and any questions regarding CEs can be directed to Sheila K. Gorman, ASA.

INFORMATION
Sheila K. Gorman, ASA at sgorman@finresearch.com or (484)-270-1240
Frank L. Merenda, ASA at fmerenda@eacvaluations.com or (610)-687-5855

January Breakfast Meeting: Financial Planning in a Turbulent World

The January Breakfast Meeting will be held on Wednesday, January 17, 2018, 8:00 am at the Doubletree Guest Suites in Plymouth Meeting, PA. The guest speaker will be Elijah Dornstreich, a Vice President and Financial Advisor in Bernstein Global Wealth Management’s Philadelphia office. Mr. Dornstreich will talk about “All The Right Moves: Financial Planning in a Turbulent World.”

A graduate of the University of Pennsylvania with a BA in sociology, Elijah Dornstreich came to Bernstein from Capital Business Partners, which specializes in funding solutions for small-business and retail clients. At Bernstein, Mr. Dornstreich advises individuals and institutions regarding a wide range of financial planning and investment matters, ranging from tax, retirement, and wealth planning, to planning for the sale of a small business, stock and options planning, and pension solutions.

Active in professional and civic affairs, he is a member of the Philadelphia, Pittsburgh and Bucks County Estate Planning Councils. He serves on the Boards of the AJC: Global Jewish Advocacy, the National Museum of American Jewish History, and Home Front Hearts, a nonprofit serving military families.

Mr. Dornstreich will discuss the factors contributing to the continuing stock market rally — and what could derail it — with a view toward investment and retirement planning. He will show how a rational and systematic approach to retirement planning built on the “right moves” can lead to success, even in adverse markets.

ASA Philadelphia Members: Free
This educational and informative Breakfast Meeting is FREE for ASA Philadelphia Members but requires Registration. Please register early for this Meeting which qualifies for 2 hours credit toward ASA re-accreditation.

Guests: $25
The Breakfast Meeting is $25 for Guests. Family members, colleagues, and associates are welcome! To Pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35.

Please Register or Pay by January 12. Send checks to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462.

2017 Holiday Charity Event & Happy Hour

The Philadelphia Chapter of the American Society of Appraisers will sponsor a Charity Event and Happy Hour on Thursday, December 7, 2017 from 5:00-8:00 pm in the Fayette Room on the first floor of The Great American Pub(610-940-0540), 123 Fayette Street, Conshohocken PA. The event will benefit Cradles to Crayons.

Charity Event. Please bring a new or gently-used article of essential children’s winter clothing. The clothing, or a $10 donation instead of clothing, will go to Cradles to Crayons. The charity helps children living in low- income and homeless situations.

Happy Hour. Enjoy a delicious selection of hot and cold hors d’oeuvres and an open bar (soda, draft beer, all house wines and liquor), all courtesy of the Philadelphia Chapter.

Registration Required. The event is FREE for Philadelphia Chapter members, but space is limited so please visit the ASA Philadelphia Members Page or the Facebook Page to REGISTER if you plan to attend.

Tuition Raffle. For the first time this year, the event will feature an educational raffle for tuition!

Guests Welcome. We’re ready and eager for a big turn-out for our fourth annual service event, so bring a friend. Your spouses, colleagues and guests are welcome! Please direct questions about the event to Executive Secretary Joanne Paciello, by email, phone (610-277-1366) or fax (610-277-1366).

November Meeting: International Business Valuation

The November Chapter Meeting will be held on Wednesday, November 15, 2017 at Pipeline Philly, 30 South 15th Street, 15th Floor, Philadelphia (267-702-2800). The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be John Barton, President of Brandywine Valuation Consultants, LLC (BVC) in Lyndell, PA. Mr. Barton will discuss advanced “Topics in International Business Valuation.”

MR. BARTON. An MBA graduate of La Salle University, John also did his undergraduate work at La Salle and took a Masters from Fordham University. The past Chairman of the ASA Business Valuation Committee, he is a CPA, who left Murray Devine & Co as a Vice President to establish BVC in 2008. John has been involved in the valuation of over 700 business entities, from small sole proprietorships to multinational corporations, and has taught business valuation courses throughout the United States and Europe for the ASA, IIBV, RICS, and the Big 4 accounting firms.

HIS TALK. Mr. Barton’s presentation will focus on recent developments in international BV education, as well as the profession’s growth in Europe, the Middle East, and Asia, and the status of professional designations overseas. He will explain why a knowledge of international business valuation is indispensable, even for practitioners appraising small to medium-size U.S. firms.

ASA CREDIT. Ms. Barton’s presentation is sure to be of interdisciplinary interest. As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

FREE BEER & WINE. Dinner is $35 per person for members and guests and includes a mouth-watering array of heavy appetizers and complimentary beer and wine. The menu features Southern fried chicken fingers; grilled flatbreads; hummus served with fresh pita, grilled zucchini, red onion, and crumbled feta; goat cheese tort (caramelized onion, whipped goat cheese and cream cheese, served with crackers); and apple walnut salad. And, yes, free beer and wine!

PAYMENT. To pay online with your major credit card or PayPal please go to the ASA Philadelphia Members Page. Otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, November 10, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

Oktoberfest Happy Hour

The Philadelphia Chapter of the American Society of Appraisers will sponsor an Oktoberfest Happy Hour on Thursday, October 5, 2017 from 6:00-8:00 pm at Frankford Hall, 1210 Frankford Avenue, Philadelphia (215-634-3338) [Map].

Happy Hour. The Oktoberfest-themed menu will feature an Open Bar and German staples, including bratwurst, potato pancakes and Bavarian pretzels.

Registration Required. The event is FREE for ASA Philadelphia Chapter Members, and $25 for non-members and guests. Space is limited, so please visit the ASA Philadelphia Members Page to REGISTER by Monday, October 2 if you plan to attend.

Guests Welcome. We’re hoping for a big turn-out for our first Oktoberfest Happy Hour, so bring a friend. Your spouses, colleagues and guests are welcome! Please direct questions about the event to Executive Secretary Joanne Paciello, by email, phone (610-277-1366) or fax (610-277-1366).

September Meeting: Hacking Away — Cybersecurity for Businesses Today

The September Chapter Meeting will be held on Wednesday, September 20, 2017 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be Rebecca Rakoski, Esq., co-founder and managing partner at XPAN Law Group in Philadelphia, a boutique practice focused on cybersecurity and data privacy. Ms. Rakoski will discuss the various types of “hacking” incidents and how to approach and protect your business.

Rebecca earned a JD at Widener University School of Law and before that a BS in biology from Washington College. She worked for more than a decade in a large regional firm where she specialized in complex federal and state court litigation, developing a unique expertise in cybersecurity, privacy and electronic discovery. Her presentation will discuss the differences between the various types of “hacking” incidents, and offer guidance on how to approach and protect against cybersecurity threats. She will emphasize the risks associated with HR data and personal identifiable information (PII), and talk about optimal network infrastructure designs for firms collecting sensitive data.

Ms. Rakoski’s presentation is sure to be of value to ASA members in all disciplines. As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, where you can also take advantage of the reduced cost 5-Meeting Plan this month only. Otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, September 15, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

May Meeting: Sports Cars & Cocktails at the Simeone Auto Museum

The May Chapter Meeting will be held on Tuesday, May 16, 2017 at the Simeone Foundation Automotive Museum at 6825 Norwitch Drive, Philadelphia PA 19153 (215-365-7233). The Board of Directors will meet at 5:30 pm. The general meeting beginning at 6:30 pm will feature retired neurosurgeon Frederick Simeone, M.D., founder of the Simeone Museum.

Dr. Frederick Simeone says he started thinking about cars as historical artifacts after making house calls with his father, a general practitioner. “We would go to junkyards together and then read about what made each car we saw important." His point is that "cars are not always just hobby things. They are representative of certain times and places in history.”

Housed in a 100,000-square-foot former engine remanufacturing plant near the Philadelphia International Airport, the Simeone Foundation Automotive Museum includes sports cars from the first international road races of the 1900s to competitors from the 1970s. Named Museum of the Year in 2011 by the International Historic Motoring Awards, it displays its vehicles in dioramas, like those at a natural history museum, and on Demonstration Days, Simeone and his curators drive the cars on a three-acre lot behind the museum.

Simeone wants visitors to understand the historical meaning of each of the sixty-five autos. Each is an original, not a copy or replica. None have have had parts replaced. He sees the cars as works of art, all originals and representative of their eras. “Cars are emotional items and, I feel, really worth studying as history.”

Space is limited, so please register early for this entertaining and educational evening, which will include a cocktail reception with full bar and heavy appetizers, as described in the menu. You’ll want to bring a guest to this special event, which qualifies for 2 hours credit toward ASA reaccreditation.

The cost is $35 per person for members and guests and parking is free. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP and/or make payment by Thursday, May 11, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).