9/7/2017· Accounting
Mr. Bad Actor is a 61–year-old male who is the senior executive of the Unlucky Transportation Company. He has been in that position for more than ten years. Before his employment at the company, he worked for a series of unsuccessful transportation companies, where both he and other stakeholders lost most of their investment. He has ongoing legal and financial problems resulting from these prior business failures and from his failed marriage.
10/5/2019· Damages
Attaining Reasonable Certainty in Economic Damages (Part I of III)
By: Michael Pakter
The AICPA has issued two practice aids, one on 2015 and most recently in November 2018, focused on the calculation of economic profits and damages. The purpose of this article—the first of three on this topic—is to provide the reader with an understanding of Chapter 1...
10/6/2017· Accounting
Confirming Worst Suspicions: Hire a Forensic Expert To Find Hidden Assets
By: Michael J. Garibaldi CPA, ABV, CFF, CGMA
When a client voiced strong suspicions that her soon-to-be ex-husband was hiding assets, her attorney investigated the claim but found nothing amiss. However, he hired a forensic accounting expert to help ensure his client would receive an equitable share of the marital estate. The expert turned up a trunkload of hidden treasure - undeclared cash income and property "stashed" under the names of the husband's mother and siblings.
10/11/2017· Accounting
Determining a Distressed Debtor Company Discount Rate, Part 1
This is Part 1 of a two-part article. This part discusses valuations of distressed debtor companies based on discounted cash flows and considers the impact of the date and stage of distress. Next month, Part 2 will describe how the financial analyst derives the cost of capital for a distressed debtor company.
11/1/2017· Accounting
Determining a Distressed Debtor Company Discount Rate, Part 2
This is Part 2 of a two-part article. The first part (published in the January 2014 issue of Business Valuation Update) discussed valuations of distressed debtor companies based on discounted cash flows and considered the impact of the date and stage of distress. This part describes how the financial analyst derives the cost of capital for a distressed debtor company.
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
11/25/2009· Damages
Forecasting Cash Flow: Mathematics of the Payout Ratio
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.
9/24/2020· Healthcare Facilities - Hospitals
Hospital Cost Accounting: Million Dollar Decisions Should Not Be Based on “Guesstimates”
By: Sahel Shwayhat, MBA, FACHE
All well-run businesses use data to drive their decisions. The higher the stakes, the more accuracy they demand from their data. Hospitals are businesses, even not-for-profit ones, and should conduct their operations like any other business. The area where hospitals lag far behind other businesses is in cost accounting.
7/26/2020· Accounting
How To Identify A Company's Financial Distress By Using Cash Flow Statements
By: Michael Pakter
It is essential that creditors, managers, and shareholders - as well as the attorneys who advise them - timely identify and respond to signs of a company’s financial distress. Financial distress, according to Investopedia, “is a condition in which a company or individual cannot generate revenue or income because it is unable to meet or cannot pay its financial obligations
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.
by J. Nigel Ellis, PhD
by John B. Durkee, PhD, PE
by Joye M. Carter, MD
