I feel completely surrounded – like the Spartans did in Battle
of Thermopylae, chronicled in the movie “300”. Rather than
being encircled by Xerxes’ Persian army, however, my plight is much
more benign (and much less bloody). I’m bombarded by the
amount articles discussing the convergence of U.S. GAAP and
International Financial Reporting Standards (IFRS). Exposure
drafts for revised standards developed jointly by the Financial
Accounting Standards Board (FASB) and the International...
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December 20, 2011 – CLEVELAND – Skoda Minotti,
a CPA, business and financial advisory firm, is pleased to announce
that Michael Trabert, CPA, CVA, CMAP, a partner with Skoda
Minotti’s Transaction Advisory Services Group has recently earned
the Chartered Merger & Acquisition Professional (CMAP)
credential, awarded by the Middle Market Investment Banking
Association (MMIBA) and endorsed by the National Association of
Certified Valuation Analysts (NACVA).
MMIBA is an organization established to...
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As
if it isn’t hard enough to remember someone’s name when you first
meet them, business valuation experts typically have a mass of
letters after their name, too. While most people are familiar
with the CPA (Certified Public Accountant) designation, there a
number of other credentials that indicate proficiency and
experience specifically in performing business valuations.
The summary below is a “decoder ring” to some of the more common
valuation credentials. I promise the secret message will...
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This month's issue of Valuation & Litigation Advisory
Insights includes the following articles:
FAQs About Business Valuations
From business acquisitions to estate planning to
shareholder transactions, executives often run into situations in
which performing a business valuation...
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Click
here to view Part 1 of our series and learn more about the
stock option landscape or Part 2 to learn more about the
accounting and tax ramifications of issuing stock
options.
What To Do?
As
discussed above, there are significant risks that a company brings
upon itself if it decides to issue stock options without properly
valuing the options and the equity of the company. Rather than
issuing stock options, if a company wants to offer an employee the
opportunity to obtain an ownership...
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Accounting and Tax
Ramifications of Issuing Stock Options
Click
here to view Part 1 of our series and learn more about the
stock option landscape.
To give
you more perspective, first let us review the accounting treatment
for the issuance of stock options (rest easy - this will not be too
painful). When stock options are issued, an expense must be
recorded based on the value of the option. A stock option’s
value is derived from a variety of factors, two of which are the
value of the stock as of...
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When
selling your home, it is common to use an agent to list, promote
and show the property. In exchange, you pay a portion of the
sales price as a commission to the agent. The benefits of
using an agent include: 1) the listing of your home in a database
so that homebuyers can access information about it; 2) the agent
acting as your middleman during the negotiation process; and 3) the
incentive it gives the agent to sell your home quickly (so that her
or she can earn their commission).
Some
peop...
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We, as
consumers, love discounts. There are few things more
satisfying for a savvy shopper than finding a deal on an item that
he or she has been longing for. When it comes to valuing a
business, some believe that “discount” is a dirty word and that it
implies that the seller is not receiving fair market value for his
ownership interest and that the buyer is getting a deal. This
is not the case, however, as valuation discounts merely adjust the
value of an ownership interest indicated by certain...
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A
business valuation is a just a business valuation – isn’t
it? This would be akin to saying that a steak is just a steak
when, in fact, there are ribeyes, strips, sirloins, and filets
(just to name a few). Likewise, business valuations come in
two distinct “flavors” – conclusions of value and calculations of
value.
As of
January 1, 2008, valuation analysts who hold either the Certified
Valuation Analyst (CVA) credential supported by the National
Association of Certified Valuation Analysts or...
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Selling
a business can be one of the most challenging tasks that business
owners face.
Click here to read “Avoiding Seller’s Remorse,” featuring our
own Robert A. Ranallo, CPA/ABV, JD, CVA, CFF.
Need
assistance valuing your business? You can contact our team of
Certified Valuation Analysts at 440-449-6800.
Skoda
Minotti is a CPA, business and financial advisory firm with offices
in Cleveland and Akron.
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