Overview:Statement 157 aims to provide improved guidance for companies using fair value to measure assets and liabilities. It was issued in response to investors who have been seeking more detailed information about the degree to which companies measure: assets and liabilities at fair value, the information used to measure it, and the effect on earnings.
Who Should Attend:
Controllers, CFOs, CEOs, Business Managers and Owners, Tax Managers and Officers, Buyers, Accountants, operation and Production Managers, Inventory Managers and Attorneys
Senior Financial Executives and their Accounting/Finance staff in industry.
Mr. Nicholas is a principal in the Valuation Services practice of Deloitte Financial Advisory Services LLP. He is the national leader of the Business Valuation service line practice. He has more than 25 years of experience in providing valuation and financial valuation consulting services worldwide for the purposes of accounting, tax planning, financing, bankruptcy, litigation, mergers and acquisitions, and investment. Mr. Nicholas has particular experience in the valuation of intellectual property (i.e., patents, proprietary technology, trademarks, trade names, customer intangibles, copyrights, agreements, etc.).
Mr. Nicholas has extensive experience serving national and multinational companies such as financial services, manufacturing, media/entertainment, natural resources, consumer businesses, technology and life sciences, etc.
Additionally, Mr. Nicholas has supervised large, complex multidiscipline (real estate, machinery and equipment, and financial) valuation engagements and has performed several transfer pricing studies for multinational corporations.
He has testified as a valuation expert on business enterprises and intellectual property in various courts of law (including bankruptcy court) and has extensive experience in dealing with the IRS, SEC and other regulatory and tax authorities worldwide on valuation issues.
Additionally, Mr. Nicholas has been a formal speaker and presenter to many industry organizations and professional groups such as the American Society of Appraisers, Tax Executive Institute, Emerging Issues Task Force (“EITF”) Advisor on Customer Relationships, Financial Executive Institute for Biosciences, Pharma Association, National Restaurant Association, New York State Society of CPAs, New Jersey State Society of CPAs, Deloitte Regional Bank Forum, Financial Executives International (“FEI”) Committee Member on Business Combinations, and a Private Equity Valuation and Performance Reporting conference at Dartmouth Tuck School of Business.
Mr. Nicholas is a principal in the Valuation Services practice of Deloitte Financial Advisory Services LLP. He is the national …
Richard Marshall is a partner in the Investment Management and Securities Litigation groups of Ropes & Gray. Since entering private practice, Rick has conducted compliance reviews and provided compliance counseling for investment companies, investment advisers, hedge funds, and broker-dealers; represented individuals and regulated entities in inspections, investigations, and litigation against the Securities and Exchange Commission, self-regulatory organizations, state securities regulators, and U.S. Attorney's offices; created hedge funds; provided advice on the creation of new products for investment companies, investment advisers, hedge funds, and broker-dealers; and counseled investment companies, investment advisers, hedge funds, and broker-dealers on regulatory matters.
Before joining Ropes & Gray, Rick had been Senior Associate Regional Administrator in the New York office of the Securities and Exchange Commission. In that position, he supervised a staff of seventy that conducted inspections of investment companies and advisers in the New York region and oversaw enforcement matters related to those entities. Rick has also been a branch chief in the Division of Enforcement of the Securities and Exchange Commission in Washington, D.C.
Richard Marshall is a partner in the Investment Management and Securities Litigation groups of Ropes & Gray. Since entering private …
Mark L. Zyla is a Managing Director of Acuitas, Inc. an Atlanta Georgia based valuation and litigation consultancy firm. Mark has provided valuation consulting for various types of entities for the purposes of mergers and acquisitions, financial reporting, tax planning, corporate recapitalizations, as well valuing various types of intellectual property and other intangible assets for many purposes. Prior to rejoining Acuitas, he was a Principal with a national business valuation and financial advisory firm. Additionally, he was formerly a practice leader for PricewaterhouseCoopers’s Corporate Finance Consulting Group for the Southeastern U.S.
Mark received a BBA degree in Finance from the University of Texas at Austin and an MBA degree with a concentration in Finance from Georgia State University. Mark also completed the Mergers and Acquisitions Program at the Aresty Institute of The Wharton School of the University of Pennsylvania and the Valuation Program at the Graduate School of Business at Harvard University. He is a Certified Public Accountant, Accredited in Business Valuation (“CPA/ABV”), a Chartered Financial Analyst (“CFA”), and an Accredited Senior Appraiser with the American Society of Appraisers certified in Business Valuation (“ASA”).
Mark is a member of the American Society of Appraisers (“ASA”), the American Institute of Certified Public Accountants (“AICPA”), CFA Institute, and the Atlanta Society of Financial Analysts. Mark is a former member of the Business Valuations Committee of the AICPA, and a current Chairman of the ABV Examination Committee of the AICPA. He is also a former member of the Business Valuation Standards Subcommittee of the ASA. He was recently named as Vice Chairman of The Appraisal Foundation’s Business Valuation Best Practices Working Group. He is also a member of the Atlanta Venture Forum, a professional organization of the venture capital community. He is one of the authors of the International Glossary of Business Valuation Terms which has been adopted by the major valuation organizations.
Mark is a frequent presenter and author on valuation issues. He has presented to such corporations as Northup Grumman and Coca-Cola. He has taught valuation courses at the FBI Academy in Quantico Virginia, and since 2002 has been on the faculty of the National Judicial College teaching business valuation to judges. He is a co- author of two books on business valuation, Valuation for Financial Reporting: Intangible Assets, Goodwill and Impairment Analysis, SFAS 141 and 142 (2002) and Financial Valuation: Application and Models, (2003) bothpublished by John Wiley & Sons, Inc. Mark is also the co-author of the courses, “Fair Value Accounting: A Critical New Skill for All CPAs” and “Valuing Goodwill and other Intangible Assets” published by the AICPA. Mark is also co-author of Fair Value Measurements:Valuation Principles and Auditing Techniques to be published in late 2007 by Tax Management, Inc., a division of the Bureau of National Affairs.
Mark L. Zyla is a Managing Director of Acuitas, Inc. an Atlanta Georgia based valuation and litigation consultancy firm. Mark …
Richard D. Hitt is a Managing Director in the Corporate Finance practice of Navigant Consulting, Inc. and is responsible for the Financial Services Group. Mr. Hitt has provided valuation and financial advisory assistance to the financial services industry for more than 20 years. During that time, he has performed hundreds of valuations for financial services companies, including banks, thrifts, leasing companies, insurance companies, insurance agencies, investment advisors, mortgage companies, mutual fund complexes, broker-dealers and other types of securities firms, trust companies, and other financial services firms.
His valuation experience includes the valuation of equity interests, intangible assets, and financial instruments. These valuations have been performed in connection with mergers, acquisitions, divestitures, employee stock ownership plans, litigation, tax and financial reporting purposes (including SFAS 141 and 142). In addition, Mr. Hitt has advised numerous community banks on shareholder value issues. His financial advisory experience includes buy and sell-side advisory in banking, mortgage banking, insurance brokerage and professional services firms.
Richard D. Hitt is a Managing Director in the Corporate Finance practice of Navigant Consulting, Inc. and is responsible for …
Travis is a vice president of Mercer Capital. Travis’ practice is primarily concentrated in valuation for financial reporting (compliance with SFAS 123, 141, and 142). He is experienced in the valuation of various intangible assets, employee options, restricted stock, and assets subject to specific contractual restrictions. He is the co-author of Business Valuation: An Integrated Theory - Second Edition (John Wiley & Sons, Inc., 2008) with Z. Christopher Mercer and a co-author of Valuation for Impairment Testing (Peabody Publishing, LP, 2001) He is a senior member of the Valuation for Financial Statement Reporting Team. Travis is a sought-after speaker on business valuation topics.
Travis is a vice president of Mercer Capital. Travis’ practice is primarily concentrated in valuation for financial reporting (compliance with …
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