BV533 Leases Pieces: Digesting the New Accounting Standards & Business Valuation Impacts

Webinar Description

The mandatory adoption of ASC 842 (Leases) poses several unique challenges for business valuation experts and other financial service providers alike. Listen in as experts from Adamy Valuation review the new standard, break down its accounting implications and presentation in GAAP financial statements, and identify methods that ensure these changes are properly addressed in a valuation context. This webinar will delve into lease considerations under the three primary valuation approaches, and reconcile the potential nuances with third party data used for benchmarking.

Learning Outcomes

Upon webinar completion, the participant will be able to:

• Define what ASC 842 is, its purpose, and the industries most affected;
• Identify the areas in which ASC 842 impacts GAAP financial statements, common inconsistencies at different reporting levels, and period of time that valuation experts must particularly be attentive to the new standard;  
• Decipher entity financial statements to determine what, if any, adjustments are warranted to ensure historical and prospective data are presented on same basis; and 
• Discuss how to reconcile financial statement discrepancies arising from ASC 842 through specific data requests, and how market data, namely from S&P Capital IQ and DealStats, must be reconciled with the presentation of subject company information.

Course Audience

Appraisers specializing in business valuation

Instructor Information

Jake Helwick | Adamy Valuation

Jake Helwick is a Manager with Adamy Valuation. He specializes in valuation and financial advisory services relating to estate and gift tax reporting; equity incentive plans, including employee stock ownership plans; financial reporting; economic damages; business interruption; transaction opinions; succession planning; corporate strategic planning; and other unnoted litigious matters across a multitude of industries. His valuation background stems from former roles in an Analyst and a Senior Analyst capacity. Prior to joining Adamy, Jake worked for a Michigan-based bank as a Commercial Credit Analyst in a multi-year leadership development program. In this role, he was tasked with assessing credit risk and underwriting loans for real estate, commercial, and industrial purposes. Jake is a graduate of Grand Valley State University (GVSU) where he received a degree in accounting and finance. He is finishing his pursuit of the Accredited Senior Appraiser (ASA) credential, and remains involved in the communities that he serves. Jake is a mentor to students in the Seidman College of Business at GVSU, and holds positions as a board member and the ACG Cup Committee Chair of the Association for Corporate Growth – Western Michigan Chapter.

Michelle Gallagher | Adamy Valuation

Michelle F. Gallagher, CPA/ABV/CFF a nationally-recognized business valuation Expert and strategic partner with Adamy Valuation with Michigan offices in Lansing, Grand Rapids, and Traverse City. In addition to serving clients with valuations for tax and other matters, she leads Adamy Valuation's family law practice. Her extensive experience includes serving as a trusted consultant, expert witness, mediator, and court-appointed expert. She has testified on behalf of the AICPA at the Department of Treasury hearing in Washington DC related to Proposed Regulations under Internal Revenue Code 2704 in 2016. She also has many years of experience in the professional service areas of accounting, tax, business valuation, litigation support, determination of damages, pension valuation, mediation, divorce consulting, and business advisory services. In addition to her work with Adamy, Michelle provides forensic accounting services through Gallagher Valuation and Forensics, PLC and tax and consulting services through Gallagher Flintoff & Klein, PLC.

Continuing Education

Review of this session recording will award 2 CE hour(s). 

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