Folks,
Herewith I have given below the link for Batch XVII - Day 2 - Presentation made in Fast Track Webinar Series for IBBI Valuation Exam (SFA) on "Valuation Approaches and Methods"
Overview of Valuation - (4 Marks)
- Meaning of value: Difference between price and value; definition of Value
- Types of value: fair market value, fair value, intrinsic value, investment value, synergistic value, market value, special value
- Premise of valuation: going concern and liquidation
- Purpose of valuation: mergers and acquisitions, strategy evaluation, identification of under and overvalued assets, legal, financial reporting, scope of work
- Valuation standards (New Topic included)
- Valuation process: understanding the business; planning and preparation; forecasting company performance; selecting the appropriate valuation model; converting forecast to valuation; applying analytical results in the form of recommendations; conclusions
- Valuation report and documentation: scope of the work performed, approach adopted, method applied, key inputs used, assumptions made, conclusion(s) of value and principal reasons for any conclusions reached, and date of report, date of valuation
- Importance of documentation, nature and purpose of documentation, timely preparation of documentation, documentation of valuation procedures performed, assembly of the final documentation, ownership of documentation
Valuation Approaches - (3 Marks)
- Cost approach: net asset value and book value, adjusted value, sum of the parts, replacement cost
- Market approach: quoted market price, price of recent investment and price of recent transaction, relative valuation, concept of multiples, selection of appropriate comparables; adjustments to multiple calculated in accordance to size, lines of operation and geographical areas of operation
- Income approach: discounted cash flow approach; terminal value; present value; adjusted present value approach; internal rate of return; cash flow analysis- end of year and mid of year conventions; earning capitalization method /yield method; concept of perpetual growth; concept of cost of capital and capitalization rate
- After investing substantial amount of time and Himalayan size of Efforts, Research & Pain; this material is brought out.
- Your acknowledgement (with your name, location & contact no) in this blog by few words will be an encouragement for this Hard Work
Link for GKR Notes / BGM used in Day 2 - FT17 - Webinar
Link for International Private Equity and Venture Capital Valuation Guidelines - IPEV (PDF) - December 2018
https://www.privateequityvaluation.com/Portals/0/Documents/Guidelines/IPEV%20Valuation%20Guidelines%20-%20December%202018.pdf?ver=2018-12-21-085233-863×tamp=1545382360113Link for International Valuation Standards - IVSC (PDF) - January 2022
Link for CBV Institute Practice Standard No 110 - Valuation Reports (PDF) - June 2009
Kindly post your comments, suggestions, queries & review of the webinar session below this post. Happy Reading | Please contact Venkatesh (75502 25226) for being part of FT17 - Valuation - WhatsApp group.
GKR
9th MAY 2023 | Tuesday
On the banks of River Sabarmati
The thoroughness with which Dr GKR links various sources of questions is quite astonishing. Be it CBV, IVS, ICAI-RVO standards. It gives understanding of 360 degrees of a particular topic. It shows the dedication of the faculty to a particular topic! Keep it up Sir.
ReplyDeleteI have been waiting for your Fast track series on IBBI RV in the last six months. The session was totally amazing and the insights you thrown on each aspect is superlative. I was wondering about your efforts, knowledge and style of handling the classes and predominantly your time for professional advancements and enrichments. Thank you for the wonderful and remarkable session sir.
ReplyDeleteDear Sir, the session was very useful and gave lot of confidence.Thank you very much
ReplyDeleteGKR at his best great session.. ca venkatakrishnan chennai
ReplyDeleteExcellent session sir, In a short spam of time your discussed the whole things of chaper 6th and 7th. Thank you sir!
ReplyDeleteVery knowledgeable session sir, very useful for us to revise tie concepts in very short time and your session also gave precautions to exercise during preparation for exam.
ReplyDeleteThank you
CA Kartheek
Ongole
All the research and hard work on valuation was delivered in a capsule. Great sessions. the fast track webinar series will help us prepare for the main exam and create many valuers soon.
ReplyDeleteQuite informative and insightful session
ReplyDeleteGreetings sir. Thank you for the third day session on intangible assets valuation with examples to remember and the pointers of importance,your effort in guiding us and sharing your knowledge.
ReplyDeleteToday session outstanding. In a short span of time your discussed all most all important topics. You provide not only examination point of knowledge but also practical knowledge. Which make it easy to understand the subject. Thankyou So Much Sir, With Deep Regards.
ReplyDeleteexcellent session howsoever it is requested that trying to cover many things in an hour session, sometimes things get quite confusing and deviate from concepts. JUS WAN TO ADD THAT AS U SAID THAT CONCEPTS NEEDS TO BE CLEARED, SO LETS COVER AN IMPORTANT CONCEPT IN CLASS AND REST LEFT TO BE READ ON SELF BASIS.
ReplyDeleteVery useful session on intangible assets it has cleared a lot of doubts. Thank you Sir Regards S Handa
ReplyDeleteSir ,your lucid presentation on the SFA exam preparation materials and guidelines are path findings for aspirants including me to face exam. The answering to the MCQ of exam(theoretic part) actually very multi meaning, makes juggling in during exam and needs deep through the course. Sir your further tips solicited to overcome this. Regards
ReplyDeleteSir, your vivid presentation to the Valuation SFA exam preparation guidelines -para wise, quoting rules and abstracts are very helpful to face the MCQs which are very complex in nature and without success in theoretic MCQ it is impossible to get 60% mark. It would be very helpful if few tips given how to manage time during exam With great Regards .CMA Shambhu Acharjee
ReplyDelete