Course description
Share and business valuation has become more and more complicated while the penalties for getting it wrong are on the increase. Whether for tax or non-tax valuations, this highly practical course will help attendees avoid many of the traps for the unwary.
Join presenter David Bowes, author of 'Tolley's Practical Share and Business Valuation', as he discusses the significance of the differences between the various valuation bases, what these differences mean in terms of value, the importance of correctly understanding the various valuation methodologies, EBIT, EBITDA and enterprise value, P/E based valuations, discounted cashflow methods, dividend yields and fixed interest securities, unusual Articles' wordings and valuation implications, identifying hidden value, QP or not QP, expert witnesses and negligence, converting goodwill into intangibles, and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
As is the case with many types of advice, share and business valuation has become more and more complicated, while the penalties for getting it wrong are on the increase.
Through the use of real valuation cases and examples, this seminar will deal with the differences between the various bases of value, and importantly, what they mean in valuation terms, and when and where they will apply. It will deal with many of the vagaries of even the well-known valuation methodologies and techniques. It is often easy to fail to identify where value really lies.
Whether for tax or non-tax valuations, this seminar will help attendees avoid many of the traps for the unwary.
What You Will Learn
This course will cover the following:
- The various valuation bases - market value, open market value, fair market value, fair (equitable) value
- And what they mean in value terms
- Fair (equitable) value - companies or shares?
- Importance of correctly understanding the various valuation methodologies
- EBIT, EBITDA and Enterprise Value
- P/E based valuations? Any life in the old dog?
- Discounted cashflow methods in outline
- Dividend yields and fixed interest securities
- Valuation implications of Unusual Articles' wordings
- Identifying hidden value
- QP or not QP; that is the question - and what to do with it if it is?
- Not overlooking the tax bear traps
- Mixing and matching multiples
- Bid premium or no bid premium?
- Expert Witnesses and negligence
- How to prevent goodwill from disappearing
- Converting goodwill into other intangibles
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...