ACCOUNTING ARTICLES PAGE 2

6/15/2016· Accounting

Valuing a Professional Practice Requires In-depth Analysis

By: Michael J. Garibaldi CPA, ABV, CFF, CGMA

Goodwill can be a significant asset for a professional practice. It may include both "personal" goodwill that's attributable to individual owners and "business" goodwill that can be transferred to third parties. When accountants and other types of professionals divorce, the amount of goodwill to include in the marital estate can become contentious (and may vary depending on state law). If expert testimony on the issue is inadequate, a court might look elsewhere for help, as it did in a recent Texas divorce case, Hill v. Hill.

3/17/2010· Appraisal & Valuation

Introduction To Business Valuation Concepts For Attorneys

By: Thomas Kalajian, BS, CRTP, AVA, ABAR

This article is intended to provide a conceptual introduction of business valuation for attorneys who seek a confirmation of the fundamentals, disabuse from common misleading notions, or practical tips to assess the quality of valuation reports encountered in their practices. Business valuation is a broad and technically challenging discipline.

11/25/2009· Damages

Lost Inventory and Lost Profits Damage Formulas in Litigation

By: Jay Abrams, ASA, CPA, MBA

This article arose from an actual litigation. To protect the identity of the parties, I usefictional names.

11/25/2009· Damages

Forecasting Cash Flow: Mathematics of the Payout Ratio

By: Jay Abrams, ASA, CPA, MBA

We all have used the Discounted Cash Flow (DCF) method. Many of us would agree that it is generally the best, most comprehensive, theoretically correct valuation model. It also has an empirical reason to be the best, which is that many of us calculate our discount rates using the Ibbotson data in the SBBI annual yearbooks, which are based on publicly traded stock data.

11/25/2009· Accounting

The Bias in Annual (Versus Monthly) Discounting is Immaterial

By: Jay Abrams, ASA, CPA, MBA

This article presents a discussion of the validity of using the mid-year convention from a different point of view than the March 2002 BVR article by Michael Dobner.

4/3/2008· Taxation

Excise Taxes For Unreasonable Compensation At Charities

By: Stephen D. Kirkland, CPA, CMC

The Internal Revenue Service (IRS) now keeps a close eye on charities and social welfare organizations to ensure that their tax-exempt status is not abused. One of the primary factors the IRS now examines is the amounts of compensation and benefits provided by charities to their key employees