Archive 2024-187: Hitchner’s Annual New Year BV Update The NEW Concepts, Data, Models, and Methods from 2023 That You Need to Know and Understand

Presenter: Jim Hitchner, CPA/ABV/CFF, ASA

Start the New Year with a concise recap of what’s NEW in business valuation.

Clear that clutter on your desk! Jim has gone through that stack of BV literature – new books, periodicals, digital publications – and is ready to share what he believes to be some of the most important pieces of BV information from 2023. This will include only NEW concepts, data, models, and methods in such areas as the income approach; cost of capital; inflation; growth rates; the public company method; BV standards; poll results; and expert testimony.

Learning Objectives:

The participant will learn the following:

• Lack of control discounts for a 100% interest – the final word?
• Should you normalize the risk-free rate? What are Damodaran’s, Mercer’s, DiMattia’s, and Hitchner’s views?
• Cost of capital benchmarks updated
• Plagiarism in business valuation – watch out
• Tools to calculate long-term growth rates
• Are three-stage DCFs the new norm?
• Changes to the Federal Rule of Evidence 702, which governs expert testimony in federal court
• Hitchner’s response to the article “Valuation Impact of Corporate-Owned Life Insurance on SCOTUS’ Agenda” (Note: Hitchner testified in the Blount tax court case that started a lot of this)
• The new Myth Busters group and current and future Myths
• New poll results on what everyone is doing