Building on the concepts taught in Business Valuations - Fundamentals, this seminar gives participants a more detailed insight into some of the more complex issues associated with business valuations.

While this seminar may be beneficial for accountants in various roles, it particularly targets the following attendees:

• professionals who have some experience with business valuations and who seek a deeper understanding of the more complex issues surrounding valuations
• practitioners who provide some business valuation advice to their clients
• company executives involved in the purchase or sale of businesses

• utilize the capital asset pricing model to interpret the biases inherent in unadjusted Beta as a result of capital structure and tax status of a reference company
• identify the factors that make a “comparable” company more or less comparable in the context of a business valuation and when to exclude certain companies from one’s analysis
• incorporate market conventions with respect to including business combination synergies within the valuation of a single company
• critique the use of (or assess the reasonability of) various valuation discounts

• complexities associated with DCF valuation methods, including how to calculate cost of capital (equity and debt), cash flow, and residual value assumptions
• valuation of a business using multiples
• valuation and buyer intent - strategic buyers versus financial buyers
• the identification of and valuation of synergies
• the application of valuation discounts, including minority interest, marketability, and key person discounts
• an introduction to valuation issues specific to other securities, such as preferred shares and convertible debentures
• a review of different valuation reports in Canada

Course Content Created: August 2023

Presenter

About This Product

On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Slides and any corresponding handout materials are included where available.These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.

Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.