This course is designed to be an introductory course on business valuations. Participants will be exposed to various business valuations and methodologies. We will discuss why business valuations are performed and the importance of maintaining standards so that the valuation opinion can be presented in a court of law. We will review the NACVA and AICPA standards. This course is appropriate for anyone who is interested in business valuations.
Note: This course is designed to be a prerequisite for intermediate and advanced business valuation courses to be offered in 2023.
Publication Date: January 2022
Designed For
CPAs, internal auditors, CIAs, external auditors, and managers.
Topics Covered
- Business Valuation Salaries
- Consulting versus Testifying Experts
- Major Organizations
- Business Valuation Designations
- Professional Standards
- Valuing a Business
- Valuation Engagements
- Revenue Rulings 59-60, 65-193, 68-609, 77-287, 81-253, 83-120, 93-12
- Standards of Value
- Premise of Value
- Elements of a Business Valuation
- Basic Analysis of a Business Valuation
- Common Valuation Approaches
- Levels of Value
- Premiums and Discounts
- Conclusion of Value
- Valuation Report
Learning Objectives
- Identify the reasons for performing a valuation engagement and the various valuation approaches
- Identify the business valuation methodologies and standards
- Identify what would be applied if more than 50% of the business was being valued
- Differentiate various approaches and where they fall
- Identify a premise of value
- Recognize reasons not to perform a business valuation
- Recognize who would use an agreed upon approach and method to determine the value of a business
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.