PORTLAND, Ore.--(Business Valuation Resources, LLC (BVR) is pleased to announce The Advanced Workshop on Normalization Adjustments, an exclusive, interactive web workshop on December 6, 2012 with business valuation experts Garth Tebay and Brandi Ruffalo.)--
“Adjustments for normalization are a critical part of the business appraisal process”
In this intensive, four-hour event, presenters Tebay and Ruffalo will examine all aspects of adjustments to normalize income, earning, compensation and other aspects of the balance sheet in the business appraisal process. From quantification to implementation, Tebay and Ruffalo will cover what every business appraiser needs to know, including which methods are available to determine normalization adjustments, how to put that analysis to use, and what the courts say about normalization adjustments today.
“Adjustments for normalization are a critical part of the business appraisal process,” said Blake Lyman, Professional Program Manager at BVR. “This workshop is the perfect opportunity for any business appraiser to solidify their understanding of the methodology and analysis that goes into implementing normalization adjustments. These adjustments have always been a difficult blend of objective and subjective factors, and their complexity is only growing as new academic research and court decisions emerge. Presenters Garth and Brandi are two of the best regarded experts in business valuation to cover a very difficult topic from start to finish. Anyone looking to further their business valuation knowledge should attend.”
Workshop agenda highlights include:
- Defining Normalized Adjustments
- Matching the Normalized Adjustments to the Appropriate Benefit Stream
- Normalized Adjustment Categories
- Normalizing Control Compensation is Required When Valuing a Non-controlling Interest
- Normalized Officers' Compensation
- Normalizing Risk Free Rate When Market Yields are Abnormally Low
- Normalized Adjustments in Fair Value Cases of Shareholder Oppression
- Court Cases – Normalized Adjustments
- Live Q&A with the presenters
Registration for the Workshop is currently open with discounted pricing for multi-office listeners. Attendees will have the chance to ask questions and get full access to the experts’ presentation materials, along with access to all normalization adjustments-related materials from BVR’s extensive library.
About Business Valuation Resources, LLC (BVR)
Every top business valuation firm depends on BVR for authoritative market data, continuing professional education, and expert opinion. Our customers include business appraisers, certified public accountants, merger and acquisition professionals, business brokers, lawyers and judges, private equity and venture capitalists, owners, CFOs, and many others.
About Garth Tebay
Garth Tebay is a practicing Certified Public Accountant, Certified Valuation Analyst, Certified Forensic Financial Analyst and Certified in Mergers & Acquisition Analyst with over 39 years of experience. He is the founder and Managing Partner of Value Defined, a business valuation and litigation support firm in Perrysburg, Ohio and an Affiliate Board Member of Business Growth Alliance, which provides value growth consulting and investment banking services to owners of medium-sized businesses. He is also the Managing Partner of Tebay & Associates, LLC; a full service accounting, tax, and consulting firm in Perrysburg, Ohio.
About Brandi Ruffalo
Brandi L. Ruffalo, MBA, AVA, is President of The Business Development Company. As a respected member of the business valuation profession, Brandi is an active member of the National Association of Certified Valuation Analysts (NACVA). She has participated in curriculum development for the international business valuation credential (CVA) and was an author and instructor for the coursework required for retaining the US business valuation credentials (CVA and AVA). Today, Brandi is an instructor for NACVA's Advanced Business Valuation Class and Case Study.