2025 IAC BV - Working Capital Considerations for Valuations

Session Description

The treatment of cash balances and working capital in valuations is an area of divergence in practice.  A few examples include: 1. How is excess working capital treated in a minority interest valuation?; 2. Is DFNWC or CFDFNWC used in a valuation. 3. If guideline firms have excess WC, how is this treated? 4. How are required levels of working capital determined?  This presentation will discuss these topics and more to help appraisers better understand this surprisingly complex topic.

Speaker

Raymond Rath, FASA

Continuing Education

Review of this session recording will award 1.2 CE hour. 

CPE credit is not awarded for this pre-recorded offering.