CPE Session 42: Sunday, August 3, 1:00 PM – 4:30 PM

Business Valuation Under SFAS No. 157

(Accounting – Intermediate)

Description/Objectives:
The value of any business entity depends, in part, on how “value” is defined. SFAS No. 157 confirmed that business appraisers must now operate under a new definition, or standard, of value when valuing businesses for financial reporting purposes. This course introduces participants to each of the critical steps in a business valuation while focusing on the impact of SFAS No. 157. The key differences in value using FASB’s new definition of Fair Value and other common definitions of value such as fair market value and investment value will be highlighted. Recent changes in valuation arising from SFAS 141R will also be examined.

Presenter:
Keith Sellers, University of North Alabama

Note: CPE fields of study are in parentheses