Valuation Methodology

15Nov2014

Josette Ferrer Discusses Trends / Best Practices in Business Valuation for the Knowledge Group

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"Trends and Business Practices in Business Valuation 2014" was a collaboration with Angela Sadang, Director of Litigation and Corporate Financial Advisory Services, at Marks Spaneth LLP. Josette's portion of the presentation focused on the following:
  • General best practices -- common for all valuation engagements
  • Financial reporting / accounting valuations
      Increasing SEC and Public Company Accounting Oversight Board scrutiny on fair value issues
      Audit process related to fair value reporting
      Fair value definition and key issues
      Specific technical issues (including review preferences associated with "quantitative" models related to earnouts and discounts for lack of marketability)
18Nov2011

AICPA Publishes Draft of Updated IPR&D Practice Aid

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The AICPA's Financial Reporting Executive Committee issued a working draft of the AICPA Accounting and Valuation Guide, Assets Acquired to Be Used in Research and Development Activities. The working draft would replace the current practice aid which was originally issued in 2001 (Assets Acquired in a Business Combination to Be Used in Research and Development Activities: A Focus on Software, Electronic Devices & Pharmaceutical Industries). The working draft includes discussions on accounting and valuation issues that have emerged since the original practice aid was released. The comment period ends March 15, 2012.
07Nov2011

AICPA Issues Draft Goodwill Impairment Guide

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On November 4, 2011, the AICPA's Financial Reporting Executive Committee issued a working draft of the AICPA Accounting and Valuation Guide – Testing Goodwill for Impairment. The draft, developed by the AICPA Impairment Task Force, provides non-authoritative guidance and illustrations regarding goodwill impairment testing for valuation specialists, preparers of financial statements, and independent auditors. Although it includes some guidance from Accounting Standards Update 2011-08, Testing Goodwill for Impairment (recently issued in September 2011), the working draft does not provide significant task force commentary or prepared examples to illustrate the qualitative assessment framework set forth in the ASU. The AICPA requests informal feedback on the working draft by March 15, 2012.
21Oct2010

Josette Ferrer Invited to Speak at FEI Valuation Panel

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Josette participated on a panel discussion for a San Francisco Financial Executives International professional development event on October 21, 2010. The presentation, entitled "Latest Trends in Valuation: Start-Up to Exit and Beyond" focused on relevant valuation issues throughout the business lifecycle of a company. The panel also featured Steve Rodgers, Senior Vice President of Marsh Inc., Joseph Orlando, Senior Manager – Business Valuation of Frank, Rimerman Consulting, and Thomas Zambito III, Senior Vice President of BDO Valuation Advisors, LLC.