{"id":99303,"date":"2022-07-27t12:30:59","date_gmt":"2022-07-27t16:30:59","guid":{"rendered":"\/\/www.g005e.com\/?p=99303"},"modified":"2023-05-04t10:24:19","modified_gmt":"2023-05-04t14:24:19","slug":"how-to-expand-into-business-valuation","status":"publish","type":"post","link":"\/\/www.g005e.com\/2022\/07\/27\/how-to-expand-into-business-valuation\/","title":{"rendered":"how to expand into business valuation"},"content":{"rendered":"
<\/a>bonus checklist: 47 types of bv services.<\/strong><\/p>\n by ed mendlowitz<\/i> q:<\/strong> i am exploring the business valuation credential as a way to expand our practice. i\u2019m still (relatively) young to the profession and would (i think) love to expand into this niche area.<\/strong><\/p>\n more: <\/b>how to handle referrals with attorneys<\/a> | audit reports without doing the work?<\/a> | ask these 10 questions before adding financial services<\/a> | 10 reasons clients don\u2019t pay<\/a> a few things:<\/p>\n <\/p>\n a:<\/strong> i wouldn\u2019t try to talk anyone out of getting into business valuation services, but i would point out the difficulties of entering the field, and what you need to do to succeed in it.<\/p>\n there are quite a few credentials in the bv field, and they all require study, knowledge and experience. studying you can do yourself. knowledge comes with understanding and applying what you study. experience comes with doing the work for varied clients and situations. the credential is evidence of your expertise, but is not conclusive. the extent of your expertise is how well you do your work and can document and support what you\u2019ve done in a credible manner.<\/p>\n i have the aicpa abv and cff credentials. you can pursue these by getting info from the aicpa or any of the other designations by contacting the certifying organization.<\/p>\n many engagements call for valuations where you do not issue written reports similar in size to a small book. for example, \u201cvaluations\u201d are done when you have discussions with clients regarding<\/p>\n all of these situations are \u201cexperience.\u201d the quality of experience could vary from very low to very high, depending on the involvement of the work you do to obtain the valuation amounts you suggest to them.<\/p>\n i recommend attending full-day state society business valuation conferences and their bv committee meetings. after you get a good taste of the area, i recommend the aicpa annual three-day business valuation conference.<\/p>\n many webinars also offer excellent instruction.<\/p>\n the best way to get experience and to learn is to work on bv engagements with those who are more experienced. if you work for a firm that does these, ask to work on such assignments. if you work for a firm that doesn\u2019t do them, perhaps consider getting a job with a firm that does, although if you are not absolutely sure you want to do this, you might be chasing your tail. if you have your own practice and neither you nor your partners have this experience, then study and attend conferences and webinars.<\/p>\n great reference sources, both published by the aicpa, are<\/p>\n great newsletters are<\/p>\n there are other books and newsletters, but any of these is a good start. bv is a very technical area that frequently needs you to defend your work.<\/p>\n you have to know what you are doing, and that takes continuous updating. you need to be committed to this, and there are no shortcuts.<\/p>\n as a follow-up, here are \u2026<\/p>\n 47 types of business valuation services<\/strong><\/p>\n these engagements can arise from a party to the transaction, insurance company, mediator, arbitrator, attorney, another cpa, other professional, trustee, executor, administrator or court appointment. the engagements can be original work, critiques or rebuttals as an advocate, expert or consultant.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" <\/a>
\nmanaging an accounting practice: 202 <\/i><\/a>questions and answers<\/a><\/i><\/p>\n
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n\n
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\nbonus checklist: 47 types of bv services.<\/strong><\/p>\n