Business Valuation Seminar: April 2011

The Philadelphia Chapter of the American Society of Appraisers (ASA) will hold its annual Business Valuation Seminar at the Doubletree Guest Suites Hotel in Plymouth Meeting, PA on Friday, April 29, 2011.  The program includes sessions focused on limited partnership valuation, private cost of capital, financial fraud and its impact on business appraisal, recent important court decisions affecting business appraisal, and a panel discussion of matrimonial law appraisal.

James R. Park, ASA, a partner in the San Antonio, TX firm of Munroe, Park & Johnson, Inc., will discuss "Valuing Limited Partnerships" from 8:30 to 9:30 am, exploring both income and market approaches. He will also talk about recent litigation of family limited partnerships, including his own experiences. Mr. Park was graduated from Texas A&M University with a BBA in Finance and contributed to the Comprehensive Guide for the Valuation of Family Limited Partnerships and other publications. More in his resume.

Robert T. Slee, President of the Charlotte, NC firm of Robertson & Foley, will talk about "The Private Cost of Capital," a discount rate model that measures private company risk. He will talk from 9:30 am to 12:15 pm, with a 15-minute break at 10:45 am. Mr. Slee, who has an MA from the University of Chicago and an MBA from Case Western Reserve University, founded MidasNation, a community dedicated to helping owners increase the value of their businesses. He is the author of over 200 journal articles and several books, the most recent of which is Midas Marketing: How Midas Managers Make Markets.

David Duffus, a Partner in ParenteBeard's Forensic, Litigation and Valuation Services group, will talk from 1:15 to 2:30 pm about "Financial Statement Fraud, including recent statistics, typical schemes, and the impact on business valuation. A Certified Public Accountant with an MBA in Accounting and Finance from the University of Pittsburgh, he specializes in complex litigation services, forensic accounting and valuation services assignments. Mr. Duffus, who joined ParenteBeard from PricewaterhouseCoopers, is a frequent speaker on fraud and its economic damages.

John Barton, ASA, President of the Lyndell, PA firm of Brandywine Valuation Consultants, LLC., will review "Recent Valuation Cases," primarily US Tax Court and Court of Appeals decisions in estate, gift tax and equitable distribution cases in PA and NJ from 2:30 – 3:25 pm.  Mr. Barton holds an MBA from LaSalle in Finance and Accounting, and is a specialist in the analysis of closely-held stock, preferred stock, intangible assets, and debt securities. He has taught business valuation courses for ASA, Big Four accounting firms, the IRS, and at Villanova University, and has appeared as an expert witness in PA, NJ, and FL courts and in US Federal District Court.

Gary Friedlander, Esq., ASA, will lead a panel discussion from 3:40 to 4:40 pm on "Matrimonial Law Appraisal Practice." Mr. Friedlander's Norristown, PA practice concentrates on family law and the valuation of closely held corporations and professional practices. He holds an MBA from Drexel University and took his JD from the Villanova University School of Law. He is a member of the Pennsylvania and Montgomery County Bar Associations and is a participant in their family law sections.

 

Program Schedule
Registration, Buffet Breakfast	8:00 am-8:30 am
Morning Session*	8:30 am-12:15 pm
Lunch (included)	12:15 pm-1:15 pm
Afternoon Session*	1:15 pm-4:40 pm

*Morning and Afternoon Sessions include Refreshment Break

 

Registration Fee
ASA Members	$295
All others	$320

 

Additional Information. The program qualifies for eight hours of Continuing Education Credit (CEC) for ASA members and for members of other professional organizations which recognize NASBA credit. A seminar brochure, including additional information, biographies of the presenters, a registration form, refund and cancellation policies is available in PDF format [131 KB]. For all other questions, including CEC eligibility for your organization, please contact the seminar organizer, Bob Haas at rhaasjr@rmha.com or (215) 887-6500, or Joanne Paciello at asaphiladelphia@verizon.net.

To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail to Executive Secretary Joanne Paciello, 8 Terrace Road, Plymouth Meeting, PA 19462.  Please note that seating capacity is limited.

2-Hr Pennsylvania Appraisal Law Class

The Philadelphia Chapter of the American Society of Appraisers will sponsor a two-hour Pennsylvania Appraisal Law Class on Wednesday, May 18, 2011 from 4:00-6:00 pm at the Doubletree Guest Suites at 640 West Germantown Pike, Plymouth Meeting, PA 19462 (Telephone: 610-834-8300). The instructor will be Robert J. Luciani, ASA.

The class covers required topics of the Pennsylvania Real Estate Appraisers Certification Act, and the Regulations of the Pennsylvania State Board of Certified Real Estate Appraisers.  It emphasizes changes to the laws made during the past two years, and offers a refresher on the provisions most relevant to everyday practice.

The Pennsylvania State Board of Certified Real Estate Appraisers requires biennial recertification for State Licensed Appraisers, with all certificates expiring on June 30 of odd-numbered years (6/30/11).  This class meets the specific requirement for two (2) appraisal re-certification hours on the Real Estate Appraisers Certification Act.​

Please register early for this mandatory class which qualifies for two hours of Continuing Education Credit for Pennsylvania Licensed Appraisers. 

Tuition for the class is $40 per person by check, $44 when paid online. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail to Executive Secretary Joanne Paciello, 8 Terrace Rd, Plymouth Meeting, PA 19462.  RSVP by email, phone (610-277-1366) or fax (610-277-1366).

NOTE: Appraisers taking this class may also be interested in attending the May Meeting of the ASA Philadelphia Chapter​ on the same ​day, in the same location, starting right after the class at 6:30 pm.  More information in the May Meeting Notice.

Update: Current Topics in Business Valuation Seminar

The American Society of Appraisers, New York City Chapter 30 will host the Nineteenth Annual Current Topics in Business Valuation – 2011 Seminar on Monday, May 2, 2011 at the midtown Manhattan offices of PricewaterhouseCoopers at 300 Madison Avenue, 24th Floor, New York, New York 10017. Scott Nammacher, ASA and Bill Johnston, ASA will co-chair again this year.

This year’s team of presenters is better than ever!

• Z. Christopher Mercer, Mercer Capital
  Understanding Buy/Sell Agreements and Quantifying the Impacts of Their Terms
• Ben Couch, Financial Accounting Standards Board
  A First Look at New Fair Value Guidance from the FASB and Other Current Fair Value Topics
• William Pittock and Anthony Aaron, Ernst and Young
  Life Science Valuation Do’s and Don’ts, in a Changing IPR&D Environment
• PricewaterhouseCoopers Speaker to be determined
  Applying Option Pricing to the Valuation of Contingent Consideration
• Kevin Kane, Empire Valuation Consultants
  Valuing Sports Franchises

Registration is  $275 per person if paid by April 22, and $325 thereafter or at the door. No refunds after April 25. Ask about Group discounts. Registrants will receive a binder of speaker outlines and educational materials and a free copy of Chris Mercer's book Buy Sell Agreements for Closely Held and Family Business Owners. To pay online with your major credit card or PayPal go to the ASA NYC Members Page, otherwise please make checks payable to "NYC Chapter of ASA" and send to Ms. Bell.

RSVP: Ms. Annie Bell, Empire Valuation Consultants, Inc., 350 5th Ave Ste 5513, New York, NY 10118. Telephone (212-714-0122); Fax (212-714-0124).

The seminar, which qualifies for 7.5 hours ASA and CPE credit, will cover the how-to aspects of unusual engagements and advanced aspects of evolving areas within the field. It will be ideal for business appraisers and others at all levels.

The seminar brochure with more program details and a registration form will be available shortly.