Raymond Rath, Managing Director at Globalview Advisors, instructed the American Society of Appraisers‘ course, BV 301, Valuation of Intangible Assets for Financial Reporting Purposes in Burbank, California from January 7–10, 2020. The American Society of Appraisers is a multi-discipline, non-profit, international organization of professional appraisers representing all appraisal disciplines: Appraisal Review and Management, Business Valuation, Gems and Jewelry, Machinery and Technical Specialties, Personal Property and Real Property.
Valuations of intangible assets are receiving increasing attention by the Securities and Exchange Commission, Public Company Accounting Oversight Board (PCAOB) and auditors and management of public and private business enterprises. The presentation audience included international participants including business and intangible asset appraisers from the Big 4 accounting firms, large independent valuation firms as well as smaller valuation firms and independent valuation practitioners.
The three-day course focused on valuation issues of interest to parties involved in intangible asset valuations. A few of the many topics covered included:
- Increasing importance of intangible assets to businesses;
- Audit requirements pertaining to fair value estimates;
- Selection and application of different valuation methodologies;
- Strengths and weaknesses of different valuation methods for different intangible assets; and
- Discount rate determinations for intangible assets.