Surgent's Exploring Business Valuation Fundamentals
2.00 Credits
Member Price $99
Non-Member Price $119
Overview
What makes a business valuable? Who determines value? What are the key factors that make businesses valuable? In this course, we explore the different ways to value a business. We will apply foundational valuation and corporate finance concepts to real world examples in an effort to see what makes up an investment’s price.
Highlights
- What does value mean?
- Technical vs. fundamental analysis
- Intrinsic value
- Other discounted cash flow models
- Assumptions in the Gordon Growth Model
- Valuations using free cash flows
- Residual income model
- Enterprise value
- Value in mergers and acquisitions
- Small business valuations and discounts
- Advanced valuation models
Prerequisites
None
Designed For
Accounting and finance professionals who want to understand the concepts and theories behind business valuation techniques
Objectives
- Describe the factors affecting the value of a business
- Compare and contrast market value, investment value, bankruptcy value, and going concern value
- List the key differences between technical and fundamental analysis
- Calculate intrinsic value using discounted cash flow methods, such as the GGM and the H-Model
- Calculate intrinsic value using free cash flow
- Calculate the gains and losses to the buyer/seller in a merger/acquisition
- List key discounts when valuing privately held companies
Preparation
None
Leader(s):
Leader Bios
David Peters, CPA Crossings, LLC Two Commerce Square
David R. Peters, CPA, CFP, CPCU, MST, MBA Peters Tax Preparation & Consulting, Richmond, VA & Rock Hill, SC David Peters is an independent tax preparer for Peters Tax Preparation & Consulting, and a financial advisor and outside representative for Carroll Financial Associates. He has over fourteen years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer of Compare.com, an insurance price comparison company - a position he held for over three years. He was also instrumental in the early success of Elephant Auto Insurance, a six state auto insurance carrier, located in Glen Allen, VA. He holds four masters degrees, and is currently pursuing his PhD in Financial Planning. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics in Virginia, North Carolina, and South Carolina. He is an Adjunct Professor in Finance and Accounting at Winthrop University in Rock Hill, SC, and teaches regularly for Kaplan Test Preparation. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures.
Non-Member Price $119
Member Price $99