The cost of capital is one the most important considerations in estimating value using the income approach. In this session, participants will learn the theory underlying the cost of capital, as More
Harold G. Martin Jr., CPA/ABV/CFF, ASA, CFE, is a partner in Keiter’s Valuation and Forensic Services Group in Richmond, VA, and an adjunct instructor for The College of William and Mary Raymond A. Mason School of Business. He has over 35 years of experience in valuation, forensic accounting, public accounting, and financial services, has performed over 1,500 valuation and forensic accounting projects, and has presented testimony at trial, arbitration, and deposition over 70 times. He has qualified as an expert witness before U.S. District Court, U.S. Bankruptcy Court, various circuit courts, the American Arbitration Association, and the National Association of Securities Dealers. He has been appointed by U.S. District Courts as a forensic accountant and collaborated with the SEC and the FBI, and was also appointed by the U.S. Office of the Federal Public Defender as a consultant on fraud cases. He was recently retained by the U.S. Department of Justice as a consultant/expert in a litigation in U.S. District Court. He has served as a guest instructor at the FBI Academy for forensic accountants in Quantico, Virginia. Martin is an inductee in the AICPA Business Valuation Hall of Fame and a two-time recipient of the AICPA Business Valuation Volunteer of the Year Award. He is an instructor for the AICPA National Business Valuation School and AICPA Expert Witness Skills Workshop, and is a former instructor for the AICPA ABV Exam Review Course. He is a former member of the AICPA Business Valuation Committee, a former Chair of the AICPA National Business Valuation Conference Committee, former commissioner for the AICPA National Accreditation Commission, former editor of the AICPA ABV e-Alert, and former editorial adviser and contributing author for the AICPA CPA Expert.. He created and serves as chair of the VSCPA Business Valuation, Fraud, and Litigation Services Conference. He is a co-author of Financial Valuation: Applications and Models 1st - 4th ed., a contributing author to Cost of Capital: Estimation and Applications, 2nd - 4th ed., an expert panelist for Financial Valuation and Litigation Expert, an Editorial Board member for Business Valuation Update, and a member of the Editorial Task Force for VSCPA Disclosures. He received his A.B. degree in English from The College of William and Mary and has a MBA degree from Virginia Commonwealth University.