Timothy R. Lee, ASA, Managing Director of Mercer Capital, will moderate the panel “Financial Projections” with panelists Donny Springer, ASA, principal and shareholder of Columbia Financial Advisors, Inc., and Kim Blaugher, Vice President – ESOP Consulting of Principal Financial Group at the ESOP Association‘s 2015 Las Vegas ESOP Conference & Trade Show on November 13.
Projecting company financial results is a difficult, but necessary undertaking. Management’s financial projections are a key input into the analyses underlying ESOP fairness opinions and annual appraisal reports. Furthermore, the DOL Process Agreement highlighted the importance of thoroughly evaluating management’s financial projections. This advanced valuation topic will review methods and procedures that fiduciaries and valuation professionals can use to evaluate the reasonableness of projections as part of the valuation process.