Two Mercer Capital professionals will be speaking at the upcoming Business Valuation and Financial Litigation Virtual Super Conference. A live webcast of this conference will take place on June 15-20, 2020, and is hosted by the National Association of Certified Valuators and Analysts (NACVA).
Vision 2020—The Future of Our Profession and Your Role In It
Z. Christopher Mercer, FASA, CFA, ABAR
Friday, June 19
9:40 a.m.–11:20 a.m. (EST)
2 hours CPE
A confluence of trends is creating very real opportunities for the business appraisal profession. The number of public companies continues their decades-long shrinkage, and the barriers to “going public” continue to rise. This comes at a time when there is increasing privatization of businesses with massive amounts of private equity money looking for opportunities in the private world. To top all that, there will be a rising number of ownership and management transitions through sales of businesses or other forms of transfers. The market for the services of business appraisal and related services should be expanding.
Now combine these trends with the fact that the business appraisal profession is aging, at least at the upper end. Baby boomers will continue to age up and out into retirement in increasing numbers. With the markets we serve expanding, and the supply of senior appraisers declining, there should be major opportunities for the Millennials and Gen Xers who are following in the Age Wave. Now add in the coming changes in the business valuation professional association landscape—no one knows what will happen, but everyone knows things will change—and we will see changes that will help the younger generations of appraisers in their emergence. In this session, Chris Mercer will speak to the reality of this evolving marketplace for business appraisers. He will offer forecasts regarding the future and he will discuss strategies for maximizing your personal potential and your firm’s potential as we emerge into the next decade.
Cautionary Tales of Valuation Adjustments and Potential Forensic Implications in Litigation
Karolina Calhoun, CPA/ABV/CFF
Friday, June 19
1:30 p.m.–2:20 p.m. (EST)
1 hour CPE
Valuations of a closely held business in the context of litigation such as in a contentious divorce, shareholder dispute, damages matter or other litigated corporate matter can be multifaceted and may require additional forensic investigative scrutiny. As such, it is important to consider the potential forensic implications of valuation adjustments as they may lead to other analyses. For example, in a divorce business appraisal, a valuation adjustment for discretionary (personal) expenses may, in turn, provide an implied “true income” and pay ability of a spouse. This is but one example – this session will address other examples you will likely face.
The National Association of Certified Valuators and Analysts (NACVA) is a global, professional association that delivers training and certification programs in accounting and financial consulting fields such as business valuation, financial litigation forensics, expert witnessing, forensic accounting, fraud risk management, mergers and acquisitions, business and intellectual property damages, fair value, healthcare consulting, and exit strategies. For more information or to register for the conference, click here.
