On Demand (eLearning)

Business Valuations - Advanced

OCT 03 - Dec 31, 2022

Online

DATE

OCT 03 - DEC 31

2022

TIME

9:00 AM - 11:30 PM

WHO CAN ATTEND

All

PD HOURS

7.5 Hours

ETHICS HOURS

0 Hours

STATUS

Registration open until

Dec 31, 2022

EVENT DESCRIPTION

NOTE: No updates or changes were made to the 2022 version of this course. If you completed the course in 2021, please be advised the 2022 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.

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.

This seminar dissects the basic approaches from Business Valuations – Fundamentals, so that practitioners can recognize the limitations of various valuation approaches, and provides information that will allow professionals to conduct supplementary analysis for a more robust conclusion of value. Participants will learn about topics such as cost of capital, terminal value quantification, synergy calculations, and valuation discounts. In addition, the seminar provides an introduction to the process of valuing securities other than common shares. Practical application of the concepts is provided by utilizing a detailed case study that extends into each module.

PREREQUISITE KNOWLEDGE

It is recommended that participants attend Taxation of Domestic Trusts - Fundamentals before registering in this course, or have equivalent knowledge.

TOPICS INCLUDE:

  • 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

WHO WILL BENEFIT:

It is recommended that participants taking this advanced seminar on business valuations have the following prerequisite knowledge: Business Valuations – Fundamentals course or equivalent experience working with business valuations.

PRICING

$325.00 Personal Passport

$380.00 Organization Passport

$479.00 Member

$479.00 Student

$589.00 Public

Status: Registration open until Dec 31, 2022

LOCATION

Online

SPECIAL INSTRUCTIONS

This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.

However, you will only have access to the course for 30 days after REGISTRATION.

Please allow at least four hours after registration for the seminar to appear on your BlackBoard page.

To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.

Registration, cancellation, withdrawal and all other CPA Ontario PD Seminar policies can be found here.