IACVS, KVA together with KISTI held a busy conference at the UST Auditorium, Daejeon, Korea on March 21-22, 2023. The theme of this conference is “Valuation new assets, what’s the future?” Attendees included experienced business valuation professionals from six countries –US, China, India, Korea, Malaysia and Indonesia. Nearly160 participants attended the conference.  

The conference was opened with remarks by Chairman of KVA, HoonSik Kim and president of KISTI, Jaesoon Kim.  

Hoonsik Kim discussed the importance of valuation purposes in the real market and financial market, and in particular, with the rise of the new assets such as big data, block-chain and cryptocurrency, interest in how to measure these values in increasing. Various professional institutions in Korea are developing and applying valuation models specialized for each industry, and new changes and various attempts are being made overseas, such as reflecting ESG in evaluation criteria. Mr. Kim also said KVA would be expected to contribute greatly to the vitalization and growth of the domestic valuation market. Hoonsik Kim wished everyone who attended this event good health and happiness.

Jaesoo Kim said, KISTI, as the national data chief officer, contributes to the realization of the digital economy by building, utilizing, and spreading science and technology knowledge infrastructure such as science and technology information and data, supercomputing, ultra-high- speed research networks, cybersecurity and intelligent analytics.  Jaesoo mentioned the most important thing in the digital economy is the valuation of intangible assets, and it is predicted that related industries will grow to unimaginable levels in the future through active trading of assets such as data. In line with this trend, Ministry of Science and ICT is taking the lead in creating a policy environment such as by preparing the data Industry Act for data valuation. As part of this, KISTI, a data-centric organization, was recently designated as a data valuation agency. KISTI aims to play a pivotal role in not only developing and analyzing data valuation models but also creating and revitalizing data trading and related markets based on its long-established capabilities in data management and valuation. Jaesoo Kim wished this conference ended with a completed success.

During the keynote speeches, Jaesoo Kim delivered a speech focus on the importance and use of Data. The worlds changes with data. He provided a good photo example – Just good food fresh ingredients (from Julia Child).

Bongsoo Kim, president of COMPA, gave a speech on technology valuation in research to business (R2B), a good collaboration system. 

Mr. William Hanlin, President & CEO of IACVS, expressed his warm welcome to all participants and discussed the global valuation trends & future. Hanlin also pointed out the standards updating about ESG and financial instruments, the evolution of data via internet resources and purchase as data.

During the first session key note speech, Jaepil Lee shared beginning of technology valuation in Korea, technology valuation trends and key issues in Korea industry. He pointed out the news types of intellectual property on the rise such as cultural content, software and semiconductor layout design.  Zhu Jun shared the ecosystem of technology valuation in China via professional status of Chinese technology valuation, demand and support of technology valuation, valuation approaches, methods and tools. Praveen Subramanya’s topic is on IP valuation in traditional practices & legal environment, he gave out the definitions of intellectual property rights in India, legal history of IP in India, evolution of valuation profession, requirement of IP valuation, valuation challenges and future in India.  Elvin Fernandez shared the framework for valuation in ASEAN.  He told us the established and development of ASEAN, real estate and business valuations in ASEAN, regulations governing valuers in the ASEAN counties, the governing framework for valuations in Malaysia and why the framework is important.

At the networking party for all attendees, Mr. Hanlin announced IACVS awarded Dr. Seol the IACVS honorary lifetime membership certificate to recognize his tireless efforts with respect to training professional valuators in the art & science of valuing intangible assets and his significantly contributions to South Korea valuation standards and IVSC standards.

During the second session key note speech, four speaker – Hyunjung Oh talked about the valuation model study for Healthcare. The current status of Bio-health valuation in Korea, differentiation of Bio-health Technology commercialization, characteristics of Biohealth industry, rish-adjusted net present value, analysis points for valuation and Khidi-value system for io-health valuation. Jerry Lin talked about the transfer pricing valuation vs valuation for other purposes from the two aspects – valuation in USA and challenges of valuation after COVID -19.  Jongtaik Lee spoke about the valuation model study for Bigdata. Seongkwang Baek told about the new asset valuation for Cryptocurrency. 

The third session key note speech followed on the second day. Airana Chen shared the topic about China’s asset appraisal industry in 2022 and a case study her firm done for the China Southern Airlines.  Donghyeon Jim delivered a topic about technology evaluation methodlogy for IPO of Tech-based commpany.  Nicholas Talbot talked about the international valuation standard update 2022, he also explained the IVSC structure and changes is constant: Covid, Inflation, AVMs, AI, ESG etc.  Jungeun Song shared a topic on a case study for technology value assessment, it’s a proof for best practices for valuation.

The fourth session key note speech continued in the afternoon. Su Zhengyu talked about application of AI technology in BV and her firm’s AI products to make valuator’s work easily.   Sungki Kang talked about performance for R&D based firm valuation. Prof. Huang Chih Sung from Chengchi University, talked legal perspectives of IP valuation. He pointed the value of IP would be significantly affected if they expire, are revoked or are not as effective as expected. IP evaluation from a legal perspective should be taken seriously. Heechang Park talked about AI based technology rating model for innovative SMEs.

There also had a special forum and discussion leadership and next challenge after the conference.  Sungsool Seol, William Hanlin, Jerry Lin, HoonSik Kim, Bongsoo Kim, Byeongsoo Park and Nicholas Talbot had a short discussion on the challenging of valuation profession. There have much work to do to make the valuation standards globalization used and to make out the guidelines for ESG. What we should do is in consistent.

It was a meaningful place for valuation experts from domestic and foreign to participate and discuss global valuation market trends and futures, newly emerging asset and industry valuation models, actual valuation cases, and share wisdom and insights.

We sincerely thank for the all participants (online / offline) despite their busy schedule and we ask for your continued interest and activities to grow the domestic and international valuation market and strengthen global capabilities through networking of valuation experts.

The Korea Valuation Association (KVA) will host its first Innovative Valuation Summit on March 21-22 at UST Auditorium in Daejeon, Korea.  IACVS and KiSTi is the co-cost of this conference.

The IVS is a multi-discipline conference, a knowledge exchange for international valuers where they share their experiences and opinions.   

The IVS topic is Valuation of new assets, what's the future ? It includes BigData, CryptoCurrency, NFT, MetaVerse, Start-Up, IP, AI, ESG.

• Global Valuation Standard, Trends & Future
• Valuation Model for New Assets and Various Industries
• Sharing for Valuation Case Studies & Best Practices
• Build a Global Networks & Competence of Valuers

Objectives:

• Understanding the latest global trends in valuation
• Valuation methodologies in various industries
• Measures to use the evaluation model by industry and share the results
• Recent changes in global valuation standards
• Domestic and foreign valuation case studies
• Blockchain, Cryptocurrency, NFT valuation model
• Networking and information sharing with domestic and foreign professional organizations and experts

By attending the conference, you will earn 16 CPD credits in your respective valuation discipline. You will meet with and connect to professional valuers from major international and national valuation organizations and leading firms from all around the world.

Conference flyer and agenda 

Live Streaming: Live & Zoom

Language: Korean, English Simultaneous interpretation

Register at  https://docs.google.com/forms/d/e/1FAIpQLSe_T1zkjgMuaYty1dkiOnsob-ODoIv-QnQI82UATKlewrDQQw/viewform

Registration Ticket - Pass 2 days - $200.00  ($150 for early bird until Feb.28, 2023)

IVS Online Ticket - Pass 2 days - $120.00   ($100 for early bird until Feb.28, 2023)

(The link to attend online will be sent by e-mail two days before the conference)

• Mr. William Hanlin, Chairman of IACVS was invited to serve as the Vice Chairman of the Expert Committee of the International Brand Academy (IABS)

• The inaugural meeting of the International Academy of Brand Sciences was held in Ningbo on October 12th, 2022 through online and offline methods. In addition to the main venue in Ningbo, the inaugural meeting also set up more than 20 sub-venues across the country, and a total of 36,000 people watched the live broadcast of the meeting online by video. The theme of this conference is "Establishing a scientific and fair international brand evaluation mechanism to promote the healthy development of global brands." Mr William Hanlin, chairman of IACVS, accepted the invitation of the international brand academy, served as the vice chairman of the expert committee and chairman of the brand evaluation committee of the international brand academy, and delivered a keynote speech by video.  Below is the speech of Mr. Hanlin.

  Hello Ladies and Gentlemen. 

  Greetings to Chairman Liu Pingjun.

  It is my pleasure to be asked to give these few remarks to those assembled for this Founding Conference of the IABS.  The IABS is a project that has been in development since before 2014.  It is gratifying to see that the early participants of this concept-project have been diligent in the pursuit of brand evaluation.

  For both myself, and the worldwide membership of IACVS (International Association of Certified Valuation Specialists), we are very excited to be a part of the IABS Brand Evaluation project.

  Brand valuation is not a new concept.  This is really a sub-set of the larger business valuation profession.  Brand evaluation has broader ramifications to a more comprehensive and global community of participants.  These participants include:

• • Customers
  • Employees
  • Investors
  • Manufactures
  • Service providers
  • Local, regional and country-wide governments and their economies
  • Others, yet to be identified

• Make no mistake, brands are very important intangible assets to every company and endeavor.  But most people who value brands consider them to be another commodity, another balance sheet asset to be included in a group of assets.  (Untrained business valuers often miss the fact that brands have significant value). 

  Recent studies of collected data from the last 15 years indicate that intangibles such as brands or product names reached 90% of the market value of S&P 500 companies. Additionally, customer relations is the most important of all intangible assets, accounting for 25% of total company value. Next in line are software and technology, at 18% each of total company value.  And trademarks account for 8% of company value.

  Valuation of brands is beneficial, however, only to a few, namely investors…and perhaps to the regulators of financial statements for large public companies.  Even the idea of brands having a financial value, while not a new idea, only began to be formalized beginning in 1991-1992.

  The IABS Brand Evaluation project will encompass a broad range of aspects of a brand.  Financial aspects are still very important, but the dimensions of brand evaluation will need to include more than just the financial aspects.  The IABS will develop and deploy innovative models and methodology of brand evaluation that addresses the requirements of the ISO Standard for Brand Evaluation.  These standards includes at least the following elements:

• • Tangible aspects that include material resources, financial resources, legal protection and legal costs, marketing budgets and more.
  • Quality aspects that include actual quality commitments, management of those commitments to quality, perceived quality and customer involvement.  These aspects will need to be documented and then reviewed under a quality management system.  Price-to-quality will be considered.
  • Service aspects will include service offerings, capabilities and effectiveness.  Effectiveness will be measures by training of technicians, availability of the technicians and, of course, customer satisfaction.
  • Innovation aspects will include an evaluation of the ability to innovate and improve, research efforts to confirm customer needs, and spending for research and development.
  • Financial aspects will include all of the valuation techniques currently employed for valuation of brands.

Brand Evaluation will eventually influence buyers of products and services everywhere.  This will be important to developed countries as well as developing countries.  The brand evaluation of products and services will make more clear the choices that are available to consumers, and will also bring to the market products that are deemed worthy of consideration by customers on a broader scale.  This will be important for the countries whose economies already hold significant market shares of various products and/or services.  This will also become essential to developing countries eager to share their domestic products/services that can be enjoyed by a wider and more global economy. Better economies around the world will mean more commerce and ultimately more harmony among people.

Brand valuation is an accepted aspect of finance and financial reporting around the world.  Brand evaluation will become more important than mere financial considerations.

I am very happy to have been invited to participate in this very important next step in creating a more transparent platform for brand evaluation.

There is much work to do!

Congratulation to all of the participants of this Founding Conference of the IABS!

I look forward to meeting all of you at that future point in time when we can convene in person again.

Other speakers also stressed that today's world has entered the era of brand economy, and the international market has risen from price competition and quality competition to brand competition. The purpose of the International Academy of Brand Sciences is to follow the international standards of brand evaluation, support countries to establish brand evaluation standard systems and publishing mechanisms, and finally form a scientific and fair brand evaluation standard system and publishing mechanism all over the world.

Subsequently, the launching ceremony and unveiling ceremony of the International Brand Academy were held at the conference site.

IACVS wishes the conference a complete success!

Dear fellow valuers, appraisers, and friends,

We were saddened to learn of the sudden  passing of Madam Liu Ping on June 5, 2021. She was 63 years old.  

Liu Ping was a true pioneer in the world of  asset appraisal and business valuation.  As the Secretary General of the China Appraisal Society (CAS), she was determined to bring China’s standards and practices for both asset appraisal and business valuation up to a level of competitiveness with international practices.  To achieve this goal, Madam Liu sent emissaries from CAS to visit with other well known valuation organizations around the world to observe their practices and methods for training.  She embraced the workings of the International Valuation Standards Council (IVSC) and their efforts at the promotion of international valuation standards for both asset appraisal and business valuation. Liu Ping was appointed to the Board of Trustees of IVSC as a valued adviser and contributor to the international effort to harmonize these important professional practices.

We learnt from her the evolution of  assets appraisal and business valuation in China.  We were honored to serve alongside of her in her quest to bring the international valuation theory and practices to China.

Madam Liu has been a respected and valued advisor to IACVS for more than ten years.  She received the IACVS Honorary Member Award in 2011 and had qualified for the ICVS – International Certified Valuation Specialist designation.  She provided guidance in training to valuation professionals, both in China and everywhere else.  She shared her invaluable insights at our many conferences in China and at many venues around the world.  In the meanwhile, she also brought her wit and humor to the world.  

Our organization benefited from her many suggestions while she served as the Vice-Chair of the IACVS Board of Directors.  We are forever grateful for her tenure at IACVS.  During our years of working with her, she demonstrated the utmost professionalism and contributed tremendously to the practical body of knowledge for all of us participating on the world stage in the accounting and valuation fields. 

The news of her death is being received by friends and acquaintances around the world with both shock and disbelief.  It is our deepest sorrow to learn about her untimely passing.  She was our friend, and she will be missed by many.  

We are happy to introduce the newly formed India Chapter of The International Association of Certified Valuation Specialists (IACVS). IACVS is a globally recognized association of business valuation professionals, with professional members in more than 50 countries. IACVS was founded in 2000 in North America to provide worldwide support to professionals performing valuations and/or fraud deterrence engagements.  IACVS issues the ICVS (International Certified Valuation Specialist) and ICVS-A (ICVS with advanced studies in financial instruments) credentials to qualified individuals.

IACVS’s Board has approved the application of the IACVS India Chapter.  This creates a fulfilment of the core objective to transfer best practices in Business valuation from across the world, and also transfer India’s knowledge and best practices to the world. IACVS promotes the uniform application of valuation theories, approaches, methods, and models throughout the world. In the field of fraud deterrence and forensic accounting, IACVS encourages the development and dissemination of consistent and demonstrable systems and techniques for both detection and prevention of fraud. 

The India Chapter of IACVS will help India valuation and fraud investigation professionals to grow in their respective fields and acquire the best global practices. This is a major link in the globalization of cross border harmonization and understanding.  The board of IACVS India association consists of reputed valuers from across the country.  The Board of IACVS India will help grow the nascent business valuation profession, both qualitatively and quantitatively. The India chapter intends to bring the best-in-class global pieces of training and knowledge sessions to its members to keep them up to date with all related affairs and developments across the world.  

The Center for International Business Valuation (CfIBV) in collaboration with the International Association of Certified Valuation Specialist Africa Charter (IACVS-Africa) organizes monthly webinars in various disciplines related to business valuation. For more information, you may register at https://cfibv.org/home/webinar. You can also find the past recorded videos at this site.

Register at https://icirsconferences.com/index.php/webinars/december-7-9-2020-the-art-and-science-of-business-valuation-conference/?page=register 

Zoom Webinar Link: https://us02web.zoom.us/j/87218135743?pwd=MnlBeHg4TVlxV2dVN2N1WkpoVGt5UT09   

Passcode: 214814

Executive Summary 

This conference, hosted by the Center for International Business Valuation (CfIBV) and the International Association of Certified Valuation Specialists (IACVS), in collaboration with the International Conference on Interdisciplinary Research Studies (ICIRS), explores the impact of the pandemic on the valuation profession and provides a forum for practitioners, academic researchers, financial institutions, and policymakers to share lessons learned, best practices, trends, challenges, and opportunities.  Even though the full impact of COVID-19 on the world economy will not be known until it is over, the effect already is being felt on the Gross Domestic Products of countries globally. According to the United States Congressional Research Service, the virus could trim global economic growth by 3.0% to 6.0% in 2020. Global trade also could fall by 13% to 32%. Plus, the economic fallout from the pandemic raised the risk of a global economic recession with high levels of unemployment. For instance, increased unemployment could compound the initial reduction in storefront retail sales to include the online market segment, which has increased during the pandemic, and this same type of dynamic can occur in multiple industries. This scenario, therefore, has economists anticipating that the crisis could lead to a global recession of the same magnitude as the Great Depression. Performing business valuations during this period of time is a challenge because so much is unknown and these changes impact the baselines under which businesses are valued. 

Conference Schedule

Day One – Monday, December 7, 2020, 7:00 – 10:00 AM EST

6:50 AM – Check In

7:00 – 7:05 AM – Welcome and Opening Remarks from the cConference Co-Chairs

Joel M. DiCicco, Ph.D. CPA, CFF, ICVS-A, BCA, PFS, CGMA, Co-Founder and Principal Consultant, Center for International Business Valuation, Conference Co-Chair

Dereje B. Tessema, PhD., PMP, PMI-ACP, Co-founder and Managing Director, Center for International Business Valuation (CfiBV), Academic Vice President, Florida University Southeast (FUSE), Conference co-chair

7:05 – 7:35 AM –  Keynote Speaker - William H. Hanlin, Jr. ICVS, CPA, CFE, CFD,  President and CEO, International Association of Certified Valuation Specialists (IACVS)

7:35 – 8:05 AM – Topic #1: Valuation Challenges in the COVID-19 Era. - Richard Claywell, CPA, ABV, ASA, CBA, ICVS, CVA, CM&AA, MAFF, CFD, ABAR, CMEA, CVGA, IACVS board chairman

8:05 – 8:10 AM – Q&A

8:10 – 8:40 AM – Topic #2: Addressing the Complexity of Valuation using Advanced Financial Instruments. - Dr. Joel DiCicco, co-founder, and Principal Consultant, Center for International Business Valuation (CfIBV)

8:40 – 8:45 AM – Q&A      

8:45 – 9:25 AM – Topic #3: Valuation Practices in the Mining Industry 

9:25 – 9:30 AM – Q&A

9:30 – 9:55 AM – Panel Discussion with Speakers: Moderator: Robert C. Brackett, ICVS, CPA

9:55 – Closing remarks

Day Two – Tuesday, December 8, 2020, 7:00 – 10:00 AM EST

6:50 AM – Check In

7:00 – 7:05 AM – Welcome and Recap of Day One from the Conference Co-Chairs

Joel M. DiCicco, Ph.D. CPA, CFF, ICVS-A, BCA, PFS, CGMA, Co-Founder and Principal Consultant, Center for International Business Valuation, Conference Co-Chair

Dereje B. Tessema, Ph.D., PMP, PMI-ACP, Co-Founder and Managing Director, Center for International Business Valuation, Academic Vice President, Florida University Southeast, Conference Co-Chair

7:05 – 7:45 AM – Opening remarks from the keynote speaker - Nick Talbot, Chief Executive Officer, The International Valuation Standards Council

7:45 – 8:25 AM – Topic #1: Supporting Valuation Profession with Professional Training and Academic Education

Heidi DiCicco, JD, MBA, PMP, President, Florida University Southeast, Secretary-Treasurer of the IACVS-Africa Charter 

Moses Gitonga, MBV, ICVS-A, Faculty, Florida University Southeast, Consultant, Center for International Business Valuation

8: 25– 8:30 AM – Q&A

8:30 – 8:50 AM – Topic #2: Discounted Cash Flow (DSF) - Philippe Dubois, ICVS-A, Faculty, and Consultant, Center for International Business Valuation (CfIBV)

8:50 – 8:55 AM – Q&A      

8:55 – 9:25 AM – Topic #3: Valuation of Intangibles - William H. Hanlin, Jr. ICVS, CPA, CFE, CFD,  President and CEO, International Association of Certified Valuation Specialists (IACVS)

9:00 – 9:40 AM – Panel Discussion with speakers - Moderator: Joel DiCicco, Ph.D.

9:40 – 9:50 AM – Q&A

9:55 – Closing remarks

Conference Sponsors

Center for International Business Valuation (CfIBV)

International Association of Certified Valuation Specialists (IACVS)

International Valuation Standards Council (IVSC)

Florida University Southeast (FUSE)

International Conference on Interdisciplinary Research Studies

Digital Education and Digital Africa

ICVS-Advanced Studies in Financial Instruments (ICVS-A)

Endorsed Trainer Program

To become an Endorsed ICVS-A Exam Training Program Provider (“Endorsed Provider”), an individual must successfully complete the ICVS-A Endorsed Provider Course and Exam.

BEST PRACTICES AND ETHICIAL REQUIREMENTS

The Center for International Business Valuation (“CfIBV”) and IACVS have adopted the following best practices and ethical requirements for all Endorsed Providers. Endorsed Providers must

1.Hold an ICVS-A credential in good standing

2.Demonstrate mastery of the material and teaching competency

a.Endorsed Providers will be given one month to prepare a presentation on a topic chosen by the Center.  

b.Mastery of the material and teaching competency will be measured using the following metrics:

i.States objectives clearly for enhanced learning and outcomes

ii.Uses appropriate teaching methods

iii.Provides opportunities for critical thinking and analysis by students

iv.Communicates effectively

v.Presents material in a logical and well-organized manner

vi.Demonstrates respect toward students

vii.Demonstrates energy or enthusiasm for the topic

viii.Demonstrates knowledge of the subject matter, including current aspects

ix.Relates theory to practice, when appropriate

3.Abide by all International Association of Certified Valuation Specialists (“IACVS”) ethical standards.   (http://www.iacva.org/index.php?ac=article&at=list&tid=9)

4.Promote and protect the value of the ICVS-A credential

5.Maintain the quality and educational rigor of the ICVS-A program

6.Communicate the educational purposes and principles of the ICVS-A program effectively and honestly

7.Utilize the official ICVS-A materials for all ICVS-A training

8.Convey the message to trainees that provider products should be used as supplementary tools and not as a replacement for the approved ICVS-A training materials. 

a.For example, a statement to the effect that the prep provider course will offer complementary materials to assist students is very acceptable.  On the other hand, suggestions that their training program will make one pass the exam with ease is not acceptable.

9.Ensure all educational tools are current, developed by qualified authors, and effectively communicate learning goals. 

a.If offering supplemental materials, they must be of excellent quality consistent with the evolving ICVS-A curriculum and exam formats.  

b.Endorsed Providers must keep their material up-to-date, as the field of financial instruments and, in particular, financial engineering is constantly disrupted.

10.Are experienced and knowledgeable in the topics they teach.

a.Endorsed Providers must possess one of the following educational and/or experience requirements: 

i.PhD or other equivalent doctoral degree

ii.Master’s degree in Accounting, Finance, or a related field and three years of work experience in an area of finance

iii.Bachelor’s degree in Accounting, Finance, or a related field and five years of work experience in an area of finance

b.Each course instructor and author of prep materials must disclose to training participants their educational qualifications, relevant work experience, and past success in preparing students for the ICVS-A exam.

c.Each course instructor, in addition to passing the ICVS-A exam, must also pass an advanced exam consisting of short-answer calculation problems.  This exam is open book and four hours in length.  The topics to be tested are as follows:

i.Swaps

ii.Basic and Exotic Options

iii.Bond yields

iv.Asset-Backed securities

11.Relay the overall results of student feedback on the Endorsed Provider’s products and services to the Center.  

a.Feedback should be collected formally from all participants in written survey form.

12.Communicate clearly to candidates the time commitment required for proper preparation for the ICVS-A exam, including reading, research, and preparation beyond the training program.   

13.Advertise only in compliance with U.S. fair consumer practice legislation

a.Endorsed Providers will neither disseminate guarantees for passing any parts of the exams nor advertise that they have insider information regarding the specific questions or focus of the exam beyond the information provided by the Center and/or IACVS.    

14.Facilitate periodic program reviews by CfIBV and/or IACVS.  

a.Upon notice from CfIBV and/or IACVS of a violation of the best practices and ethical requirements outlined above, Endorsed Providers will immediately address any identified issues to bring their program into compliance.

i.Failure to comply within two weeks from the date of notification will result in a second notification of violation.

ii.Programs not brought fully into compliance by the end of four weeks from the initial date of notice will lose their standing as Endorsed Providers.

For more information on becoming an Endorsed Provider, please contact the Center for International Business Valuation through their webpage: cfibv.org.

Date - Live Zoom:  July 10-13 Saturday/Sunday 9:00 AM - 4:00 PM EST

In the world of accounting and valuation, much consternation exists among CPAs, Government Auditors, Finan- cial Analysts, and Credentialed Valuators regarding the determination of the fair value of financial instruments.

Both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) have identified the fair value reporting of financial instruments as one of the top priorities needing improvements.

Most prominent among the reasons given for the failures to accurately determine the values of these financial constructs is the complexity of these instruments, which are steadily increasing as a result of enhanced computing capabilities. And, this concern is not limited to the United States; the International Valuation Standards Council (IVSC) also expressed major concerns over the lack of quality derivative product valuations. To address this issue, the Center for International Business Valuation (www.cfibv.org), a research think tank, consulting, and training organization developed the four-day course Advanced Studies in Financial Instruments.

Who needs to attend:

* Accountants and Auditors

* Chief Financial Officers, Comptrollers, Treasurers

* Valuators, Appraisers, Financial and Equity Analysts, Real Estate Analysts

* Bank Trust Officers, Credit Products Officers, Investment Analysts

* Portfolio Managers, Asset Management Specialists, Mergers and Acquisitions Directors

Topics:

* Introduction to the valuation profession

* The three valuation approaches

* Fair value accounting and disclosure requirements

* Fair value methodologies and techniques for valuing financial instruments (equities, debt, securitized instruments, and derivatives)

* Python Programming Language using Financial libraries

Class Materials Provided:

* Advanced Studies in Financial Instruments Body of Knowledge Manual

* Six-month online access to lecture slides and videos

* Support for Python financial libraries and related templates

Learning Objectives:

* Apply accounting standards for fair value and under- stand the history behind the fair value movement

* Ascertain the purposes behind the issuance and usage of complex derivative products

* Employ current valuation techniques for these financial products

* Utilize the programming language of Python, which is dominant in the valuation of financial constructs

Continuing Education Units:

 This course provides 28 hours of continuing Professional Education units meeting the standards of the Florida State Board of Accountancy and other professional bodies.  Participants will receive a Certificate of Completion from the Center for International Business Valuation upon successful completion of the course.

Pricing:

Virtual Zoom and Online: $1,500*. A discounted group rate is available.

                                             $1350 (IACVS Members)

Online only: $1000* The cost includes six months of full access to the class materials.

                       $900 (IACVS Members) 

* Cost includes one-year IACVS membership and exam fees.

The Center for International Business Valuation is currently processing its payments through a partner, Maryland Global University. Once your payment has cleared, the Center will grant you access to its Learning Management Portal. 

Refund Policy

For more information, please call 844-235-0220.

$1500 - Live and Online (includes IACVS one year membership fee)

$755 Online (includes IACVS one year membership fee)

Registration and Payment: https://www.mdgu.us/course/ICVSA-B

For more information, please visit https://www.mdgu.us/course/ICVSA-B or call 844-235-0220

Date - Live Zoom: Over two weekends (6/13 - 6/14, 6/20 - 6/21)

In the world of accounting and valuation, much consternation exists among CPAs, Government Auditors, Finan- cial Analysts, and Credentialed Valuators regarding the determination of the fair value of financial instruments.

Both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) have identified the fair value reporting of financial instruments as one of the top priorities needing improvements.

Most prominent among the reasons given for the failures to accurately determine the values of these financial constructs is the complexity of these instruments, which are steadily increasing as a result of enhanced computing capabilities. And, this concern is not limited to the United States; the International Valuation Standards Council (IVSC) also expressed major concerns over the lack of quality derivative product valuations. To address this issue, the Center for International Business Valuation (www.cfibv.org), a research think tank, consulting, and training organization developed the four-day course Advanced Studies in Financial Instruments.

Who needs to attend:

* Accountants and Auditors

* Chief Financial Officers, Comptrollers, Treasurers

* Valuators, Appraisers, Financial and Equity Analysts, Real Estate Analysts

* Bank Trust Officers, Credit Products Officers, Investment Analysts

* Portfolio Managers, Asset Management Specialists, Mergers and Acquisitions Directors

Topics:

* Introduction to the valuation profession

* The three valuation approaches

* Fair value accounting and disclosure requirements

* Fair value methodologies and techniques for valuing financial instruments (equities, debt, securitized instruments, and derivatives)

* Python Programming Language using Financial libraries

Class Materials Provided:

* Advanced Studies in Financial Instruments Body of Knowledge Manual

* Six-month online access to lecture slides and videos

* Support for Python financial libraries and related templates

Learning Objectives:

* Apply accounting standards for fair value and under- stand the history behind the fair value movement

* Ascertain the purposes behind the issuance and usage of complex derivative products

* Employ current valuation techniques for these financial products

* Utilize the programming language of Python, which is dominant in the valuation of financial constructs

Continuing Education Units:

* This course meets the standards of the Florida State Board of Accountancy and other professional bodies for 28 hours of continuing professional education units

Cost:

$1500 - Live and Online (includes IACVS one year membership fee)

$755 Online (includes IACVS one year membership fee)

Registration and Payment: https://www.mdgu.us/course/ICVSA-B

For more information, please visit https://www.mdgu.us/course/ICVSA-B or call 844-235-0220