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About the Course: Professionals involved with acquiring, investing in, forming alliances with, selling and spinning off companies must formulate sound business valuation practices. There are a host of factors to consider when appraising a business. These factors include strategic value, liquidation value, and going concern value. Among the components of determining corporate value are the strength of the balance sheet, predictability of cash flow, customer lists, intellectual property position and depth and talent of management.
Among the issues addressed in this seminar are: - Standards of Value
- Premises of Value
- Three Principal Valuation Methodologies
- Asset Method
- A review of commonly used ratios
- Book value method
- Adjusted net assets method
- Market Method
- Delving deeply into company comparability
- Dividend capacity paying method
- Completed transactions method
- Public company method
- Income Method
- Discounted earnings method
- Capitalization of earnings method
- Deriving discount rates
- Ibottson Build-Up Method
- Capital asset pricing models
- Weighted average cost of capital
- Adjustments of Historical Value
- Identifying Non-Operating Assets
- Identifying Discretionary Spending
- Scrutinizing executive compensation and insider transactions
- Adjusting inventory reserves
- Handling excess cash
- Adjusting for built-in gains
- Overall Normalization of Historical Documents
- Common size analysis
- Contingent liabilities
- Determining if Premiums or Discounts Apply
- Lack of Marketability
- Lack of Control
- Existence of Minority Interests
- Strategic Value Considerations
- Intellectual Property Valuations
About the Instructor David Wanetick is a Managing Director at IncreMental Advantage, a business and intellectual property valuation boutique based in Princeton, NJ. David is the author of three books that have achieved world-wide acclaim. Two of these books are believed to be the only books that discuss industry-specific valuation methodologies. He has been a guest on CNBC, Bloomberg and CNNfn and has been quoted in the Wall Street Journal, Barrons, Investor’s Business Daily, Boards & Directors, and many other newspapers, blogs and magazines throughout the United States. He speaks about issues of Business Valuation and IP Valuation before many organizations and corporations. He has lectured all over the United States, in Canada, the United Kingdom, Singapore, Belgium, Germany, Kuwait, Malaysia, Hong Kong and Israel.
Course Schedule:
Princeton, NJ - September 24, 2010 - Location: Incremental Advantage Inc. 4390 Route 1 Suite 214 Princeton, NJ 08540 Time: 1:30 PM - 5:00 PM
Philadelphia, PA - October 4, 2010 Akin Gump Strauss Hauer & Feld LLP Two Commerce Square 2001 Market Street Suite 4100 Philadelphia, PA 19103-7013 Time: 1:30 PM - 5:00 PM
Webinar - November 2, 2010 (EST) Time: 1:30 PM - 5:00 PM
New York, NY - November 12, 2010 Cooper & Dunham 30 Rockefeller Plaza New York, NY 10112-2202 Time: 1:30 PM - 5:00 PM
Washington DC - December 6, 2010 Dickinson Wright International Square 1875 Eye St., N.W., Suite 1200 Washington, D.C.- 20006 Time: 1:30 PM - 5:00 PM Webinar: This rate is for one participant. Distribution of login information is prohibited. Site licenses for up to five participants are available for $1,795. To arrange a site license, please contact Neomi Barazani at 609-919-1895 ext. 100 or info@bdacademy.com.
Seating is Limited to 25 per session
Register online or by contacting Registration / Membership Coordinator, at 609-919-1895 ext. 100 or registration@bdacademy.com Requests to cancel your registration must be made in writing one month before the date of the seminar. Your refund will reflect a $95 processing fee. No refunds will be granted within one month of the course for which you are enrolled. You may send a substitute for an additional $55 processing fee.
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