Insights

By Terrel J. Lavergne CPA/ABV, CVA COVID–19 and the current economic downturn have changed the world and present new challenges and complexities to the valuation profession.  Small to mid-size businesses, in particular, will be significantly affected.  Some businesses will fail, and the downward trend of values is clear.  So, with clouds everywhere, is there a

By James W. Brockardt, MBA For nearly 20 years, the Internal Revenue Service persistently won on the issue of tax affecting pass-through entities in the US Tax Court.  In August 1999, I had just finished a presentation to the American Society of Appraiser’s conference in Boston.  My topic:  Recent Court Cases with a Valuation Twist. 

By Terrel J. Lavergne (“Murph”), CPA/ABV, CVA In February 2016, new lease accounting requirements were issued that would require lessees to recognize an asset and a lease liability on its balance sheet for most leases, including operating leases. This requirement replaces the previous GAAP leasing standard ASC 840 with ASC 842.  Unlike ASC 840, which

One of the more important developments in the valuation world over the past few decades has been the implementation of the Uniform Standards of Professional Appraisal Practice (“USPAP”), which were promulgated by the Appraisal Foundation in order “to promote and maintain a high level of public trust” in the profession.  Prior to USPAP, both full-time

By Matthew R. McCranor, ASA In general, financial theory states that the value of any given company should be equal to the present value of its future income streams. For publicly traded companies, investor expectations of future performance are inherently reflected in each company’s stock price. For private companies, valuations are often determined by a

Several years ago, when BCG Valuations was celebrating its 10th anniversary, and its founder his 40th year as a business appraiser, our staff spoke with Jim about the industry and how it has changed during his career. Q: How has the business valuation profession changed in the last 40 years? A: That’s a tough question. 

In 2017, we were asked to review Gary Trugman’s recently released treatise, Understanding Business Valuation: A Practical Guide to Valuing Small to Medium Sized Businesses (Fifth Edition, Gary R Trugman, CPA/ABV, MCBA, ASA, MVS).  Like Gary, I have been valuing businesses for longer than I sometimes care to remember.  I do remember that when the