Follow the Money - Interpreting Bank Statements
Nov 10, 2020 5:05pm ‐ Nov 10, 2020 5:55pm
Identification: FVC2035
Just how critical are bank statements in a forensic investigation? Why can getting information out of bank statements be so difficult and complicated? This session will answer these and many other questions and provide you with keys to understanding the most critical information contained in personal and corporate bank statements. Additionally, you will take away some ideas on how to more efficiently extract the data out of bank statements. Finally, you will learn several methods to help you analyze that data in order to follow the flow of money in your forensic investigation.
- Indicate the benefits of analyzing bank statements in a forensic investigation.
- Review different methods of obtaining bank statements and extracting the data.
- Identify ways to analyze and disseminate the information obtained from bank statements.
The Forensic Accountant's Role in Facilitating the Largest Transfer of Wealth in Modern History- A Primer in Fiduciary Litigation Services in the Era of Covid-19
Nov 10, 2020 5:05pm ‐ Nov 10, 2020 5:55pm
Identification: FVC2036
Baby Boomer Wealth, Covid-19 & Fiduciary Litigation - Is it a “Perfect Storm” or “The Tsunami” that’s about to hit the US? History tells us that in times of immense economic stress, disputes and litigation significantly increase. The Covid-19 pandemic - with its unprecedented impact on markets, businesses and employment - is likely to give rise to such strife. While it has been well publicized that older adults are at highest risk of serious illness and death from COVID-19, they are also at a very high risk for financial exploitation by those they trust and depend on for their physical and financial welfare. Together the Silent Generation and Baby Boomers own a total of $80 Trillion dollars in the US today. This pot of gold becomes a very attractive source of “desired” financial bailout with the current economic downturn. What is evident is that legal epidemic related to Elder Financial Exploitation will follow in the wake of the current crisis. The bigger question is, are we ready for this tsunami?
- • Determine the increasing risk of financial exploitation in the rapidly aging wealthy US population
- • Analyze the impact of Covid-19 & the economic recession on fiduciary litigation and forensic accounting services
- • Identify the signs of Elder Financial Exploitation and explore the nuances in dealing with fiduciary litigation cases involving the elderly
- • Identify the role of a forensic accountant in fiduciary litigation
- • Demonstrate how to market your services to fiduciary litigators - understand their needs to offer solutions
Strategic Performance Measurement- What moves ROIC
Nov 10, 2020 5:05pm ‐ Nov 10, 2020 5:55pm
Identification: FVC2037
Return on Invested Capital, or ROIC, is a powerful tool for helping clients assess and improve their business performance. In this session, we will take a look under the hood of ROIC and learn what managers steps managers can take to become better stewards of capital.
- Identify how to calculate ROIC for historical periods
- Determine changes to ROIC based on changes in individual components
- Identify Key Performance Indicators (KPIs) that influence ROIC
- Distinguish the tradeoffs between different KPIs and overall ROIC
- Determine five reasons your clients should focus on ROIC
Developing, Managing and Evaluating Forecasts During Uncertainty
Nov 10, 2020 5:05pm ‐ Nov 10, 2020 5:55pm
Identification: FVC2038
During times of uncertain outcomes, financial forecasts are more critical than ever. This session will explore best practices that companies are using to develop, manage and evaluate these forecasts. We will cover various types of models and how companies have utilized predictive analytics from both internal and external sources. In addition, we will explore expectations for the next 6 to 18 months and how those expectations could manifest in financial forecasts. This session is appropriate for anyone who works with forecasts and the process of developing them.
- Assess the development of forecasts in uncertain times using internal and external data
- Evaluate forecasts and how to advise regarding areas of improvements
- Review economic outcomes over the next 6 to 18 months and how they may impact forecasts
Professional Perspectives & Implications Unveiled
Nov 10, 2020 5:05pm ‐ Nov 10, 2020 5:55pm
Identification: FVC2039
This session will focus on the valuation practice issues associated with current projects at the SEC, PCAOB and FASB. Presenters will focus on recently issued standards as well as current projects in development and how they will impact valuation practice. Additionally, the presenters will discuss some of the issues considered regardless of whether they made it into the final standard.
- Review new rules or standards which may impact the valuation profession
- Discuss standards that are in development
Building a Credible Breach of Contract Damages Analysis
Nov 11, 2020 11:35am ‐ Nov 11, 2020 12:50pm
Identification: FVC2041
This session will explore legal considerations in a breach of contract analysis, including building a credible theory of damages. Various remedies will be discussed that are available to make a plaintiff "whole" after suffering some alleged wrongdoing at the hands of the defendant. Additionally, common pitfalls in expert analyses will be discussed.
- Recognize how to calculate contract damages within the confines of law.
- Indicate the factors that go into building a credible analysis.
- Review considerations frequently overlooked.
Bankruptcy and Distressed Companies
Nov 11, 2020 11:35am ‐ Nov 11, 2020 12:50pm
Identification: FVC2042
In addition to creating a national health crisis, COVID-19 has created valuation challenges—and valuation practitioner opportunities—related to bankruptcy and financially distressed companies.
The COVID-caused economic crisis is causing record numbers of companies—large and small, public and private—to file for either a Chapter 11 reorganization or a Chapter 7 liquidation. Even more companies are operating in the zone of insolvency, where debtor company management and director duties shift from shareholders to creditors.
Issues related to Bankruptcy Code Section 547 preferences and Section 548 fraudulent transfers involve consideration not only is the debtor company insolvent—but exactly when and why it became insolvent. Bankruptcy-related valuation issues include the value of secured creditors’ collateral, DIP financing, reasonably equivalent value determination for spin-off/rejection/other DIP actions, reasonableness of the plan of reorganization and cramdowns, and others.
In addition to these bankruptcy-related valuation issues, financially distressed companies encounter financial accounting issues related to fair value measurement tangible asset and intangible asset impairment considerations.
This presentation summarizes what valuation analysts need to know about bankruptcy and financially distressed companies during this COVID-related economic crisis.
The COVID-caused economic crisis is causing record numbers of companies—large and small, public and private—to file for either a Chapter 11 reorganization or a Chapter 7 liquidation. Even more companies are operating in the zone of insolvency, where debtor company management and director duties shift from shareholders to creditors.
Issues related to Bankruptcy Code Section 547 preferences and Section 548 fraudulent transfers involve consideration not only is the debtor company insolvent—but exactly when and why it became insolvent. Bankruptcy-related valuation issues include the value of secured creditors’ collateral, DIP financing, reasonably equivalent value determination for spin-off/rejection/other DIP actions, reasonableness of the plan of reorganization and cramdowns, and others.
In addition to these bankruptcy-related valuation issues, financially distressed companies encounter financial accounting issues related to fair value measurement tangible asset and intangible asset impairment considerations.
This presentation summarizes what valuation analysts need to know about bankruptcy and financially distressed companies during this COVID-related economic crisis.
- Recognize the valuation considerations of such common bankruptcy issues as preference payments, fraudulent transfers, secured creditor claims, zone of insolvency, DIP financing, acceptance/ rejection of contracts, plan of reorganization, cramdowns, and others;
- Identify the impact of COVID-19 on analyst due diligence and valuation development issues related to such issues as financial projections, financial statement normalization adjustments, expected long-term growth rates, and CSRP and other WACC components;
- Identify and explain the impact of COVID-19 on the debtor’s ability to raise DIP financing, the debtor’s ability to spin off assets, the Section 365 rejection of inbound/outbound intellectual property licenses, the debtor’s operating cash flow during the DIP period, the company’s ability to achieve a plan of reorganization; and
- Recognize and explain the differences between distressed company valuations for bankruptcy purposes and distressed company impairment analyses (fair value measurements) for GAAP accounting purposes.
The OPM Backsolve Method in Common Stock Valuation: A Fair Value Update
Nov 11, 2020 11:35am ‐ Nov 11, 2020 12:50pm
Identification: FVC2043
This session presents step-by-step practical examples of how to set up an Option Pricing backsolve model with calibration for the valuation of common stock in a complex capital structure under the most recent guidance in the AICPA Guide to the Valuation of Portfolio Investments of Venture Capital and Private Equity Funds and Other Investment Companies. We address common challenges such as the modeling of preferred stock dividend and participation rights, the estimate of volatility and term to exit. We provide guidance to evaluate the quality of inputs. We discuss differences in OPM implementation in the valuation of common stock as a PE/VC fund investment and as stock-based compensation.
- Illustrate how to set up an option pricing backsolve model with calibration consistently with the AICPA Guide to the Valuation of Portfolio Investments of Venture Capital and Private Equity Funds and Other Investment Companies.
- Identify common pitfalls in input data
- Determine how preferred dividends and participation rights affect the value of common stock in a waterfall valuation
- Recognize when the model needs adjustment to better reflect relative seniority rights in a complex capital structure.
Emerging Trends Impacting Investigative Interviewing
Nov 11, 2020 11:35am ‐ Nov 11, 2020 12:50pm
Identification: FVC2044
The world of investigative interviewing and the methods taught to investigative interviewers are at a critical crossroads. Courts are increasingly questioning traditional interview approaches, which tend to rely on deception detection methodology and are directed toward eliciting admissions and confessions. This session will discuss emerging trends impacting investigative interviewing, advancing methods supported by science (i.e., PEACE, Motivational Interviewing) which are gaining traction all over the world. Participants will benefit from watching compelling real-life interview clips from both well executed and poorly executed interviews.
- Compare current interview methodologies to determine which tactics are most effective in varying circumstances
- Analyze emerging trends in investigative interviewing
- Discover interviewing strategies that are particularly effective for those conducting interviews in a corporate environment
Part I: How to Enhance Your Trial Communication Skills
Nov 11, 2020 11:35am ‐ Nov 11, 2020 12:50pm
Identification: FVC2045
As an expert, you may think that “the facts speak for themselves.” However, no matter how experienced you are, testifying requires a whole new set of unique skills. In an environment where “facts” have been weaponized and politicized, it has become increasingly challenging to be trusted. Presented by a nationally known trial communications expert, these two sessions will focus on how to make that all-important connection with the jury so they can trust and then believe you.
- Discuss communication techniques in litigation matters
- Recall at least three critical communication skills to help you improve your ability to influence jurors
- Identify complex information and communicate into digestible and relatable details so that jurors understand and accept your facts