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Introduction To Business Valuations Series


WINTER CPD SALE This webinar series will provide you with an introduction to the concepts of business valuations. Our expert Simon Dalgarno will share his insights into key valuation methods, regulation, calculation of maintainable earnings, enterprise value and goodwill, reporting and other common issues encountered when applying the valuation process.

Content Description

The sessions provide an introduction to the application of business valuations including how to advise on the purchase and sale of businesses, tax restructurings and valuation. To see the topics covered click the Agenda Tab.


Learning Outcomes

Upon satisfactory completion of this webinar you will be able to:

    Session 1: An introduction to valuations

  • Describe the factors that impact a valuation including the standard, premise and purpose of a valuation.
  • Identify and describe the various valuation approaches and methods utilised and when each should be applied in practice.

  • Session 2: Financial analysis and calculating maintainable earnings

  • Analyse the financial statements using ratios to quickly assess a business and assist in the selection of the appropriate multiple or discount rate.
  • Apply the capitalisation of earnings methodology and identify sources of information for improving your valuations using this method.
  • Apply the discounted cash flow methodology to a case study.

  • Session 3: Determining the multiple and interpreting the resulting valuation

  • Discuss the most common sources of information to use when calculating a multiple
  • Describe enterprise value and calculate the value of goodwill

  • Session 4: Finalising the valuation

  • Describe what the valuation conclusion means (equity vs enterprise) and how to adjust between these conclusions

  • Session 5: Other valuation issues

  • Explain the issues involved in valuing fractional interests (minority interest discounts)

Benefits


These five part webinar series will provide participants looking to upskill in valuations, with insights from a highly experienced business valuation expert. It covers areas such as how to advise on the purchase and sale of businesses, tax restructurings and valuations. Participants will benefit from structured course which is aimed at accountants with a basic level of valuation knowledge and experience, and the accurate application of Discounted Cash Flow (DCF) methodology in practice.

Session 1: An introduction to valuations

  • What is valuation, why is valuation important?
  • The regulatory environment and requirements
  • The basic concepts of value
  • The alternative scopes of work
  • Understanding the business
  • Valuation methods

Session 2: Financial analysis and calculating maintainable earnings

  • Valuation process
  • Capitalisation of Future Maintainable Earnings (CFME) methodology
  • Historical account analysis
  • Normalisation of historical results
  • Calculating maintainable earnings

Session 3: Determining the multiple and interpreting the resulting valuation

  • Discuss the most common sources of information to use when calculating a multiple
  • Determining the multiple
  • Calculating enterprise value
  • Calculating the value of goodwill

Session 4: Finalising the valuation

  • What is included in the value (and what is not)?
  • Calculating the value of equity
  • Calculating the value of goodwill
  • Valuation reports

Session 5: Other valuation issues

  • When doesn’t CFME work
  • Valuation of minority interests
  • Reinterpreting the valuation to use it in transaction pricing
  • Using a valuation for multiple purposes
  • Tax losses
  • Imputation credits

Simon Dalgarno FCA, has worked in the financial valuation industry for almost twenty years and is a CA BV Specialist and a Fellow of the Financial Services Institute of Australasia. Since joining the Leadenhall consulting practice in 1998 he has specialised in the valuation of businesses and intellectual property. Simon has extensive experience in the valuation of businesses and intangible assets.



EVENT DETAILS


Topic: Corporate Finance

Sub-Topic: Business Valuation

Format: Recorded Webinar

Proficiency Level: Foundation

CPD: 5 hours