Members Only Study Group: What to Look for in a Business Appraisal Report

Oct 27, 2011 3:00pm -
Oct 27, 2011 4:00pm

Event Description

What to Look for in a Business Appraisal Report

Presenter: James W. Brockardt, CBA & Kevin J. Moore, ASA


This presentation will focus on assisting the user of business appraisal services prepared primarily for transfer tax (and other) purposes.  Along the way, we will: Provide an overview of professional appraisal societies, accreditations and standards; Describe how a proper engagement is to be conducted—from the engagement agreement to the delivery of the finished product; Focus on traps and pitfalls as highlighted in a number of US Tax Court decisions dealing with business valuation; Consider in detail the plusses and minuses of the three basic valuation approaches; and Convey key aspects of both the art and science of business valuation.

Jim Brockardt, Since 1975, has assisted the owners of public and private businesses and their professional advisors in the area of securities valuation, ownership planning and litigation support. Working on behalf of hundreds of clients, he has developed logical, credible and supportable stock, debt and partnership valuations used in the contexts of tax planning and filing, transactions in minority and controlling interests, fairness opinions, SEC compliance, marital and corporate litigation, shareholder communication and ESOPs, among others. Mr. Brockardt has testified as an expert in business valuation on more than two dozen occasions, including court-appointments and on behalf of the Federal government. Mr. Brockardt, who founded BCG Valuations, began his career with Management Planning, Inc. ("MPI"), where he was elected to the Board in 1993 and appointed Senior Vice President in 1996. From 1985 to 1988, he was a principal in Southeastern Financial Valuations, Inc. in Tampa. Prior to rejoining MPI in 1990, he was a Senior Manager of Valuation and Appraisal Services with Deloitte & Touche in New York. From 2002 through 2005, Mr. Brockardt was a Managing Director of Wharton Valuation Associates, Inc., a national financial appraisal firm. A magna cum laude graduate of Bethany College in 1974 (where he was awarded the Chapman Prize for excellence in the study of history), Mr. Brockardt earned an MBA in finance and accounting from Rutgers University in 1978. He then undertook post-graduate studies in taxation at New York University. Mr. Brockardt is a member of the Institute of Business Appraisers, Inc., through which he earned his Certified Business Appraiser (CBA) designation. For several years, he served on the Qualifications Review Committee of the IBA. Mr. Brockardt is a Candidate Member of the American Society of Appraisers and a licensed real estate broker in Florida. Mr. Brockardt is frequently asked to address CLE programs around the country on the topic of business valuation. He lectures regularly at the University of Miami School of Law’s graduate program in estate planning.

Kevin J. Moore began his career with BCG Valuations as a valuation analyst in 2006. His responsibilities include assisting clients and their advisors in every step of the valuation process, from due diligence sessions and management meetings through the issuance of the narrative reports, as well as the financial research and analysis of both publicly traded companies and the industries in which they function. He is also responsible for reviewing the work products of several professional staff members. His valuation analyses and reports are performed in the contexts of fairness opinions, mergers and acquisitions, litigation support, and tax planning. He has assisted in and/or been responsible for numerous valuation reports subject to the scrutiny of clients, attorneys, accountants and the IRS. In 2009, Mr. Moore achieved the Accredited Member designation in business valuation issued by the American Society of Appraisers. He has since satisfied the requirements for advancement to the Accredited Senior Appraiser (ASA) designation in business valuation. This professional designation is received only after a demonstration of proficiency in business valuation through prerequisite work experience, extensive coursework, testing and peer review.Mr. Moore holds a Bachelors of Science in Business Administration, with a finance major, from Rider University. As an undergraduate, his course work included financial markets and institutions, financial forecasting and modeling, corporate finance, capital budgeting, financial accounting, investment analysis, applied business statistics, and international finance. Mr. Moore graduated with summa cum laude distinctions; he was also a collegiate athlete in the sport of wrestling. Currently, he is pursuing graduate studies in the MBA program at Rider University. As an intern with Merrill Lynch during his senior year of college, Mr. Moore’s responsibilities included in-depth research utilizing the Bloomberg Terminal and other Merrill Lynch resources, as well as financial analyses of publicly traded companies. He worked alongside senior financial advisors to network and develop new clientele. Prior to joining BCG Valuations, Mr. Moore was the owner of a closely held contracting business for three years.

Event Type:Study Group
Category:Study Group
Early registration ends on Sep 07, 2011.
Regular registration starts on Sep 08, 2011 and ends on Oct 26, 2011.
Late registration starts on Oct 27, 2011.
(GMT-05:00) Eastern Time (US & Canada)