This webinar series focuses on the typical SME valuation issues.
Using a case study approach we look at a typical earnings based valuation and then pull it apart. From working out the capitalisation rate, the maintainable earnings, identifying surplus assets, differentiating between equity & enterprise value, assessing minority discounts or control premiums, valuing different share classes and considering franking credits and tax losses – no stone is left unturned. And, we provide sample documentation for you to follow.
Presented by Greg Hayes, author of A Practical Guide to Business Valuations for SMEs (Wolters Kluwer), these hands-on sessions assist in building on valuation expertise and experience.
Best for accountants and advisers with the basics of valuation knowledge who are seeking to upskill.
The majority of SME valuations are likely to be earnings based valuations. The key to getting these valuations right is in arriving at an appropriate maintainable earnings figure and assessing the risk profile of the business to arrive at a supportable capitalization rate. Using a case study approach we will work through to these two areas using a process designed to produce a reliable outcome.
The session includes:
Every valuation will be either enterprise or equity based. This session focuses on how to differentiate between the two. We look at when to apply each approach, the differences in work procedures and also matters that need to be covered in your valuation report. For equity valuations we also look at when you should consider minority discounts and control premiums.
This webinar covers:
Equity valuations will often require additional valuation procedures to produce a complete valuation outcome. This can be caused by the existence of different share classes on issue, the existence of tax losses in the business or surplus franking credits. This session will help you to identify where additional work is required and the valuation procedures that you will need to complete.
This session takes you through:
Greg is a Director of Hayes Knight in Sydney and the author of A Practical Guide to Business Valuations for SMEs (Wolters Kluwer).
He brings a wealth of practical experience to this one day training program and will provide you with the knowledge and tools to assist you.
Day to day, Greg heads Hayes Knight’s specialist corporate finance team in Sydney, assisting clients with a myriad of tax, structuring and valuation issues. He has completed hundreds of business valuations and been called on as an expert witness in valuation cases.
A familiar face on the training circuit, Greg is singled out for his practical approach and ability to make complex issues understandable. He frequently develops and presents training programs on tax, superannuation, practice management, and specialist consulting topics.
*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised.
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