The American Society of Appraisers Philadelphia Chapter was pleased to present their 2021 ASA Business Valuation Virtual Conference on Thursday, September 23, 2021.
The conference ran from 8:00am to 4:15pm Eastern Standard Time (EST) with presentations from a wide variety of presenters.
We thank all of our guest speakers and presenters for participating.
Range of Presentation Topics and Agenda
The conference agenda will feature presentations from nationally recognized speakers who are professional leaders, covering a range of topics.
Steven Juska, ASA, Managing Director, Financial & Forensic Services, CBIZ, served as the Conference MC
8:15am – 9:15am Value in M&A “in action” vs. in BV practice: Pest Control Industry Case Study
Paul Giannamore, Managing Director | Potomac Pest Control Group
Paul spoke about how market participants look at potential acquisitions and recent trends in the pest control industry as a case study as transaction multiples are at record highs.
9:15am – 10:15am Active versus Passive Appreciation in Divorce
Discounts for Lack of Marketability & Liquidity
Ashok Abbott, Ph.D., Associate Prof. of Finance | West Virginia University
Dr. Abbott’s areas of research and teaching include mergers and acquisitions, corporate valuation, and measures of market liquidity. His consulting areas are valuation discounts and premiums, valuation model validation, passive appreciation, and event studies. His presentation focused on the questions: Why do we care whether a business has active or passive appreciation during a divorce? Is there a quantitative measure to quantify passive appreciation in divorce?
Are there distinctions between marketability and liquidity? The speaker brought us empirical studies that attempted to quantify liquidity discounts.
10:30am – 11:30am Litigation Do’s and Don’ts
Sean Saari, CPA, ABV, CVA, MBA, Partner Advisory | Marcum
Robert Ranallo, CPA, ABV, JD, CVA, CFF, Partner Advisory | Marcum
Preparing a valuation analysis can be difficult enough, let alone defending it against an opposing party questioning your every move. Valuation experts need to know how their valuations may be challenged by other experts and work to effectively address these issues pre-emptively.
11:30pm – 12:15pm Automated Business Valuation and Data Resources
Paul Resch provided an update on current data available and business valuation technology offered by Valutico. Vaultico is based in Vienna, Austria, and offers data and business valuation technology for all global markets.
1:00pm – 2:00pm Valuing Intangible Assets in Technology Companies
Tom Zambino, Director, MossAdams
Thomas has provided valuation consulting services since 2000 and oversees Moss Adam’s valuation services throughout the Greater San Francisco Bay Area. Thomas’s experience includes valuing intangible assets under ASC 805 and other tax reporting purposes, ASC 350 goodwill impairment analyses, and IRC 409A deferred compensation valuing common stock for privately held companies. He talked about current methods in valuing intangible assets in Technology Companies.
2:00pm – 2:45pm The New ROI
Dave Bookbinder, ASA, CEIV, Managing Director| B. Riley Financial
The speaker is the author of a book called The NEW ROI: Return on Individuals, which explores the impact that people have on the value of a business. The value of a business is a function of how well the financial capital and the intellectual capital are managed by the human capital…. you’d better get the human capital part right. Keeping this in mind can help with valuation consulting and valuation creation.
2:45pm – 3:30pm Bitcoin versus other Cryptocurrencies: Similarities and Differences
Daniel Folkinshetyn, Ph.D. Associate Professor of Accounting & Finance | Rowan University
Professor Folkinshetyn specializes in the valuation of cryptocurrencies and their strengths and weaknesses. He provide an overview of the differences between bitcoin and other cryptocurrencies currently available and factors that influence value.
3:30pm – 4:15pm NICE DLOM
William Frazier, ASA, Principal | W.H. Frazier & Co
The speaker is the developer of the Non-marketable Investment Company Evaluation (“NICE”) Method. The NICE Method is gaining acceptance in valuations of family-owned investment entities and was favorably reviewed in the 2019 U.S. Tax Court case Grieve v. Commissioner.
Sponsorship and Future Presentation or Guest Speaker Opportunities
We are always building our roster of guest speakers and presenters. If you are a specialist on a topic that may be of interest or know someone that would be a good addition as a guest presenter to future business valuation seminars or local Philadelphia ASA events, please reach out.
Questions
For more information, please contact Mike Cunningham, ASA, or Poonam Vaidya, ASA.
SAVE THE DATE
Fees. Early Bird fees, which apply when registration forms and payments are submitted by March 13, are $310 for ASA Members, $340 for all others. After March 13, registration is $340 for ASA Members, $370 for all others. The fee includes meals and refreshments, and a copy of 