Course Description

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.

Learning 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 free cash flow

  • Calculate the gains and losses to the buyer/seller in a merger/acquisition

  • Calculate the gains and losses to the buyer/seller in a merger/acquisition

  • List key discounts when valuing privately held companies

Additional Required Materials

  • Level: Intermediate

  • Field of Study: Specialized Knowledge - Business Valuation (NASBA); Financing Strategies (CFP)

  • Who Should Attend: CPAs and business professionals who want to understand the concepts and theories behind business valuation techniques.

  • Required Knowledge: Basic knowledge of time value of money concepts and corporate finance fundamentals

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.