Sessions For All Days

04

Monday
1:15PM-2:05PM

FVC1901. Economic Keynote

Instructor: Todd Buchholz
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Economics
CPE Credits: 1.0

We will assess the current and future path of the economy, with a focus on the interaction of global monetary policy, trade policy, and politics. We will also address the impact of demographics on government financing and the opportunities and risks in financial markets.
Learning Objectives:

  1. Discover how demographics, technology, and globalization are re-shaping the economy
  2. Identify the signs of economic rallies, and the warning signs of slumps
  3. Identify the political pressures on trade, debt, and interest rates from the U.S. to the E.U. to China

04

Monday
2:35PM-3:50PM

FVC1905. Lessons Appraisers Need to Know from Recent Delaware Valuation Cases

Instructor: Gilbert Matthews
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.5

In the past four years, the Delaware Supreme Court has issued several major opinions that addressed transaction-related corporate valuations. The presentation will discuss these opinions, as well as numerous valuation-related Court of Chancery in the same period. It will contrast the Delaware courts’ views on arm’s-length transactions vs. related party transactions and will discuss the impact of those view on statutory appraisals. It will also discuss the courts’ views on valuation methods, with a focus on inputs into DCF calculations.
Learning Objectives:

  1. Help valuators understand the impact of Delaware law on valuations and fairness opinions
  2. Assist valuators in preparing for expert testimony

04

Monday
2:35PM-3:50PM

FVC1906. Blockchain & Cryptocurrencies: Tracing Transactions

Instructor: Matt McGuire, Gregory Azeff
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting, Information Technology
CPE Credits: 1.5
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The session will outline the technological, forensic, and legal tools available to trace and recover cryptocurrency.
Learning Objectives:

  1. Assess blockchain technology, cryptocurrencies, and cryptocurrency exchanges as each relate to forensics services
  2. Create processes to implement when faced with suspected misappropriation of cryptocurrency

04

Monday
2:35PM-3:50PM

FVC1907. Big Data & Patent Valuations

Instructor: Mike Pellegrino
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

Interpret the intersection of Big Data and patent valuation and ways to use Big Data to augment and defend patent valuation opinions.
Learning Objectives:

  1. Evaluate the application of Big Data and patent valuation assignments.
  2. The program is practical and will include many examples of the application of Big Data and patent valuation assignments.

04

Monday
4:00PM-5:15PM

FVC1911. Cautionary Tales of Valuation Adjustments & Potential Forensic Implications in Legal Proceedings

Instructor: Karolina Calhoun
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.5

Valuations of a closely held business in the context of litigation such as in a contentious divorce, shareholder dispute, damages matter or other litigated corporate matter can be multifaceted and may require additional forensic investigative scrutiny. As such, it is important to consider the potential forensic implications of valuation adjustments as they may lead to other analyses. For example, in a divorce business appraisal, a valuation adjustment for discretionary (personal) expenses may, in turn, provide an implied “true income” and pay ability of a spouse. In a dissenting shareholder matter, a valuation adjustment to true-up margins for variations in expenses not consistent with the industry/peers may insinuate dissipation of business assets and require further forensic investigations. These are but two examples - this session will address other examples you will likely face.
Learning Objectives:

  1. Evaluate financial statement adjustments and corresponding implications
  2. Interpret the need for forensic services as a result of valuation adjustments, such as tracing services, income determination, and other analyses.

04

Monday
4:00PM-5:15PM

FVC1912. Damages Case Study: Rebutting the Speculative Wrapped in an Academic Model

Instructor: Greg Regan
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

The session will be a case study of a damages rebuttal analysis where plaintiffs’ experts (one on causation and one on damages) had speculative analyses that relied heavily on assumptions from management about the prospects of their business. It will also explore the damages expert’s use of an academic model that had limited to no track record in economic damages.
Learning Objectives:

  1. Rebuttal speculative damages based on management assumptions, but fed through academic model
  2. Effectively take on multiple experts at the same time– hard to follow causation of damages analysis
  3. Analyze variances in data used by causation expert and damages expert on same side of case

04

Monday
5:25PM-6:15PM

FVC1916. Communicating Complex Financial Topics

Instructor: Jeffery Tarbell, Chris Mercer
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting, Communications and Marketing
CPE Credits: 1.0

As financial analysts and experts we are often required to explain complex financial topics to the lay-person; whether a judge, a jury, or even our client. This session will provide helpful techniques to improve your ability to communicate effectively and persuasively with an audience that may not share your unique knowledge and experience with a complex topic. Specific techniques covered will include ______________________ and effective use of visual aids.
Learning Objectives:

  1. Identify your audience and their pre-existing knowledge.
  2. Choose visual presentation methods suitable to your audience and your data.
  3. Differentiate between core and unnecessary information.

04

Monday
5:25PM-6:15PM

FVC1917. Forensic Accounting & Fraud Investigations 2030

Instructor: David Wood
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.0
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We will discuss technology changes that will impact the profession over the next 5 to 10 years.
Learning Objectives:

  1. Participants will be able to identify new and emerging technologies that will likely impact the accounting profession.
  2. Participants will gain a basic understanding of new technologies.

04

Monday
5:25PM-6:15PM

FVC1918. Personal Goodwill - What is important and What is New

Instructor: James Alerding
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.0

Personal goodwill continues to be a popular topic for business valuation professionals. While it is primarily used in divorce situations, it has other implications such as tax transactions. This presentation will delve into the three components of goodwill as well as discuss related topics. Case law in this area continues to expand and will also be discussed in the presentation
Learning Objectives:

  1. The participant will learn the definitions of goodwill
  2. Recall the three components of goodwill and how they are applied in practice
  3. Recognize methods of allocation goodwill among its components
  4. Recall important case law in the area of goodwill and its components, including new cases

04

Monday
5:25PM-6:15PM

FVC1919. SSFS 1 - The New Forensic Standards (Repeated in Session 39)

Instructor: Michael Fahlman, Jason Flemmons, Annette Stalker
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.0

The session will provide a deeper dive into the new SSFS 1 set to roll out in 2020. Speakers will provide practitioners with the tools to know when to apply SSFS 1, how to deal with cross examination and deposition questions regarding the requirements of SSFS 1, how to testify in a fraud case under SSFS 1, and discuss some of the common questions and FAQs about SSFS 1 during the exposure period.
Learning Objectives:

  1. Apply SSFS 1
  2. Recall SSFS 1 deposition & cross examination implications
  3. Testify in a fraud case under SSFS 1

05

Tuesday
7:00AM-7:50AM

FVC19201. FVS Forum: What's New For You?

Instructor: Travis Armstrong, Travis Chamberlain, David Duffus, William Fellows
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Update
Field of Study: Accounting
CPE Credits: 1.0

Identify new non-authoritative guidance that has been added to the library in 2019

Learning Objectives:

  1. Distinguish what has changed and why
  2. Recall how these changes may affect you and your practice

05

Tuesday
8:25AM-9:40AM

FVC1920. Our Automated Future: Learning to Adapt - and Thrive- in the Era of Intelligent Machines

Instructor: Ajay Agrawal
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Update
Field of Study: Information Technology
CPE Credits: 1.5

Artificial intelligence has been with us for decades. But today’s machines are gaining the ability to learn from data and make sophisticated predictions—more cheaply, and more accurately, than human beings. Like the advent of the Internet and the dot-com explosion, machine learning is set to affect foundational changes to our lives (think driverless cars—but that’s just the beginning). From navigation to the Internet of Things, manufacturing to agriculture, health care to the robotic workers set to replace even top-level positions, deep learning will open as many doors as it will close. And to understand these shifts, experts turn to Ajay Agrawal. A leading authority in AI, the co-author of Prediction Machines—and, as a business speaker, a great explainer of complex economic forces—he translates the sweeping power of machines and breaks down why it all matters. How can we take advantage of the growing market for AI? How can we allocate capital and investments today to best prepare for tomorrow? How do we prepare for the disruptions—to long-standing industries, to millions of jobs, and to age-old notions about work, employment, and leisure—that will result? No matter who you are or where you work—a company, an investor, a university or government—Agrawal will help you adapt, and thrive, throughout this economy-wide transformation

05

Tuesday
10:10AM-11:25AM

FVC1924. "Family Law in 2025"

Instructor: Jonathan Wolfe
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

This session will leverage Jonathan Wolfe’s nearly 20 years of ABA Section of Family Law leadership, and discuss the Section’s current areas of focus, and what the future of family law looks like in the coming years for clients, attorneys and experts.
Learning Objectives:

  1. Gain insight into current trends in family law;
  2. Understand current trends in the use of experts in family cases;
  3. Understand current challenges facing lawyers, experts, and clients;
  4. Leverage insights to prepare and grow your expert practice for the coming years.

05

Tuesday
10:10AM-11:25AM

FVC1925. A look Into the Future of Blockchain Litigation

Instructor: Keith Miller, Ryne V. Miller, Anthony J. Ferrante, Boris M. Richard, Ph.D., Larry Smith
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5
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This discussion panel will provide insights on the developing regulation of digital assets and activities of various actors in the crypto markets, as well as the government enforcement and litigation landscape. It will also introduce the principal issues pertaining to digital token valuation, virtual asset accounting and emerging cyber risks in cryptocurrencies.
Learning Objectives:

  1. Understand nature of current litigation involving Blockchain and Cryptocurrency
  2. Learn how regulatory and other agencies are involved
  3. Gain an understanding of what future litigation might look like

05

Tuesday
11:35AM-12:50PM

FVC1930. “Litigation in 2025”

Instructor: Daniel G. Dowd
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

This session will leverage Mr. Dowd’s nearly 20 years of ABA Section of Litigation leadership roles, and discuss the Section’s current areas of focus, and what the future of litigation may look like in the coming years for clients, attorneys and experts.
Learning Objectives:

  1. Predict current litigation trends
  2. Evaluate litigation challenges facing clients in 2020
  3. Assess litigation challenges facing attorneys and facing experts in 2020
  4. Leverage insights to prepare and grow your expert practice for the coming years

05

Tuesday
11:35AM-12:50PM

FVC1931. TCJA: Where are we now in practice?

Instructor: Heather Tullar, Adam Smith
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

TCJA has been implemented for over a year. We will dive into the changes to valuation models as a result of the TCJA and what we have seen in practice. How are different folks handling various aspects of the change and which are more acceptable than others. Will also consider how to put it in practice.

05

Tuesday
11:35AM-12:50PM

FVC1932. The Unmentionables! How to Handle Bad Facts or Inadequate Data in an Expert’s Analysis

Instructor: Jolene Fraser, Randall J. Dean
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

While not ideal, unfavorable facts or insufficient data are often an unavoidable reality in many cases involving an expert opinion. How an expert deals with these situations can make or break a case. This session will explore how to strategize with counsel in acknowledging and analyzing weaknesses in a case which may affect an expert’s analysis and opinions.
Learning Objectives:

  1. Assess when to concede bad facts versus an absence of opinion through case examples
  2. Use techniques learned in this session on how to handle cross examination regarding bad facts
  3. Remain objective and protect credibility by avoiding ethical traps, bias and the appearance of favoritism.

05

Tuesday
1:50PM-2:40PM

FVC1936. Regulatory Update: Valuation Implications Resulting from Rev Rec, Leasing and other Accounting Standards

Instructor: Paul Balynsky, Adam Smith
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.0
CEIV CPE/CPD Credits: 1.0

This session will provide an overview of recent accounting standard-setting activities impacting the business valuation profession. We will also discuss active projects on the FASB agenda and how those might impact the profession going forward.
Learning Objectives:

  1. Recall the concepts behind recent standards from the FASB including revenue recognition and leasing.
  2. Recognize how business valuation professionals are considering these new standards in practice.
  3. Recall future standard-setting activities of the FASB.

05

Tuesday
1:50PM-2:40PM

FVC1937. How to Groom and Mentor your Future FLVS Leaders of the Future - Dual Perspectives

Instructor: Hubert Klein, Karolina Calhoun
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Business Management & Organization
CPE Credits: 1.0

This session is for all levels, geared towards narrowing the gap between seasoned practitioners and the NexGen leaders of our professional industry. Real life examples and techniques will be discussed on how to train, motivate and retain team members from staff to management-level FVS professionals. The session will help seasoned practitioners to understand and become aware of the challenges in grooming and retaining [young] professionals. Staff turnover hurts an organization in the long run. How to train your staff so they can leave but manage them so they don't want to is the goal. People are a firm's #1 resource.
Learning Objectives:

  1. Identify issues encountered with motivating and retaining qualified leaders for the future;
  2. Recognize the techniques that can be used to provide transparency for future; and
  3. Develop action plans to improve employee morale, loyalty and professional development.

05

Tuesday
1:50PM-2:40PM

FVC1938. Case Studies of Transactions Resulting in Disputes or Litigation - Broken Deals

Instructor: Terence Crohn, Barbara Morton
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.0
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Transactions regularly turn into disputes. Financial experts working in the transaction and disputes streams see deals when they've gone horribly wrong. This session will review examples of broken deals and how they were resolved with support from experts in valuation and loss quantification. There will also be a discussion, for each case, of how the dispute could have been avoided.
Learning Objectives:

  1. Contrast dispute and litigation support roles for financial experts.
  2. Reconstruct better outcomes when financial experts are involved earlier in the deal process.

05

Tuesday
3:10PM-4:00PM

FVC1939. SSFS 1 - The New Forensic Standards (Repeat of Session 19)

Instructor: Michael Fahlman, Jason Flemmons, Annette Stalker
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.0

The session will provide a deeper dive into the new SSFS 1 set to roll out in 2020. Speakers will provide practitioners with the tools to know when to apply SSFS 1, how to deal with cross examination and deposition questions regarding the requirements of SSFS 1, how to testify in a fraud case under SSFS 1, and discuss some of the common questions and FAQs about SSFS 1 during the exposure period.
Learning Objectives:

  1. Apply SSFS 1
  2. Recall SSFS 1 deposition & cross examination implications
  3. Testify in a fraud case under SSFS 1

05

Tuesday
3:10PM-4:00PM

FVC1942. Practice Management: How to Manage a Forensic/Valuation Practice in a Traditional Accounting Firm

Instructor: Kenneth Degraw, Hubert Klein, Elizabeth Z. Woodward
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Business Management & Organization
CPE Credits: 1.0
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Panel will discuss best practices for developing, growing, and maintaining a forensic/valuation practice within a traditional accounting firm. Financial, marketing, and human resources metrics and resources will be discussed.
Learning Objectives:

  1. Identify best, and worst, practices implemented by traditional accounting firms.
  2. Learn how to improve your practice, whatever its current stage/condition.

05

Tuesday
3:10PM-4:00PM

FVC1943. Neutralizing Damages for Tax Consequences

Instructor: Greg Regan, Kenneth D. Rugeti
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Taxes
CPE Credits: 1.0

Courts have accepted the increase or “gross-up” of damages claims to account for an increase in taxes owed on a lump-sum award versus the taxes that would have been owed but-for the alleged wrongful act. The presentation will touch on supportive case law and methods for quantifying such impacts.
Learning Objectives:

  1. Understand the types of damages claims that may necessitate consideration of tax neutralization damages
  2. Learn approaches to quantifying tax neutralization damages

05

Tuesday
4:10PM-5:25PM

FVC1945. Forensic and Valuation Services in a Global Economy

Instructor: Peter Armstrong, Mark L. Zyla
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting
CPE Credits: 1.5
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We will be discussing some of the changes and impacts on forensic and valuation professionals of the progression to a more global integrated environment for professionals.
Learning Objectives:

  1. Understand changes that are occurring at the AICPA and globally that are and may impact members
  2. Identify the opportunities, risks and challenges that members may face in an increasingly global economy.

05

Tuesday
4:10PM-5:25PM

FVC1946. PCAOB/SEC Update

Instructor: Alison Staloch, George Wilfert
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Update
Field of Study: Accounting
CPE Credits: 1.5
CEIV CPE/CPD Credits: 1.5

Session description to come

06

Wednesday
10:30AM-11:45AM

FVC1958. You Get What You Pay For: Voting, Non-voting, and Super-voting Shares

Instructor: John Taylor, Yuka Itami
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

In the event a company has both voting and non-voting classes of stock, there may be an observed (or inferred) price difference between the two – the generally understood concept of “greater value for greater rights” would lead us to assume such would usually be in favor of the voting stock. However, when substantial numbers of both voting and non-voting shares are outstanding, one vote owned by a marginal investor outside the control group is likely not enough to impact corporate decisions. Further, commonly-used methods to measure empirical price differences among listed securities and/or transactions may not adequately express the relevant differential. This panel will discuss our recent research and findings on this topic as regards the relative values of voting, non-voting, and super-voting shares. Session covers Houlihan Lokey’s recent research and filings regarding the potential premia/discounts based on historical studies and more detailed and nuanced analyses. Specific areas of discussion include: -Other factors which may impact price -Analytical frameworks to screen for comparable datapoints -Interpretation of the outputs
Learning Objectives:

  1. Categorize dual-class stock structures as voting/non-voting or one vote/many votes
  2. Interpret public company pricing data to identify appropriate price differentials
  3. Assess observed price differences to formulate discounts

06

Wednesday
10:30AM-11:45AM

FVC1960. Clear and Convincing Communications that are Jury Friendly

Instructor: Deborah Johnson
Career Stage: The Self Starter, The Experienced Pro, The Trusted Leader
Knowledge Level: Overview
Field of Study: Accounting, Communications and Marketing
CPE Credits: 1.5

You may have stunning credentials, specialized knowledge and prepare a faultless analysis, but you need more than that to engage and influence a jury. You must have finely tuned “soft” skills – the ability to relate to them, to communicate complex ideas in an easy-to-absorb manner, and to defend without being defensive. Mastery of these soft skills determine whether you are only an expert on paper, or an expert who can help win cases. In this presentation learn what jurors want and why.
Learning Objectives:

  1. Discover the three keys to connecting with the jury on their level.
  2. Identify things you can do to polish up your presentation for maximum impact in the courtroom.

06

Wednesday
10:30AM-11:45AM

FVC1961. Data Analytics Progression Part 3: Management Considerations

Instructor: Alex Koltsov
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting, Computer Software & Applications
CPE Credits: 1.5

This session will explain what type of forensic engagements could benefit from the application of data analytics, quality control considerations when emerging technologies are leveraged, and how to enhance current capabilities in your practice / department.

After attending this course, attendees will be better able to:
Learning Objectives:

  1. Identify forensic engagements that could apply data analytics to reach conclusions in a more comprehensive (and defensible) manner.
  2. Understand how to enhance the data analytics approach at your practice or department by enhancing the skillets of human resources and enabling the work by adopting select technologies.

06

Wednesday
11:55AM-1:10PM

FVC1966. Valuation of Warrants

Instructor: Neil J. Beaton
Career Stage: The Trusted Leader
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5
CEIV CPE/CPD Credits: 1.5

Do you know the difference between and option and a warrant? Is the Black-Scholes model really the one-size-fits-all tool we often make it out to be? This session will explore the advanced aspects of private company warrant valuation—giving you the tools to move beyond the simple and straight-forward to the complex and nuanced analysis that savvy clients demand.
Learning Objectives:

  1. Evaluate warrants based on their unique characteristics
  2. Analyze warrant features that impact value.
  3. Calculate the value of a warrant using the most appropriate methodology