CIIM: How to determine the true worth of a company

In today’s turbulent business environment business appraisals are needed for a variety of reasons such as mergers, acquisitions, business planning, reorganisation, spin-offs, liquidations, bankruptcy, buy-sell agreements, shareholder disputes, insurance claims, damages litigation, IPOs, etc.
Business valuation is a sophisticated blend of art and science that aims to provide an impartial opinion of value and the CIIM Business School is hosting a workshop in Nicosia next week on “How to Determine the True Worth of a Company”.
The workshop, to be held on Thursday, July 18 from 8.45am to 1pm, is a fundamental overview of the most common approaches and methods in business valuation. It will provide a general overview of valuation standards and engagement considerations in the determination of the real worth of companies.
Led by trainer and financial forensics expert and Financial Mirror contributor Rakis Christoforou, the learning objectives of the workshop are to familiarise participants with business valuation principles and standards; to help understand the business valuation approaches and methods; to help estimate discount, capitalisation rates and the cost of capital; to understand normalisation adjustments; to examine the asset approach and its methods; to examine the income approach and its methods; to examine the market approach and its methods; to explore the discount for lack of control and the discount for lack of marketability; and, to provide review of common errors in valuation reports.
Rakis Christoforou will be presenting case studies to give participants a better, clearer understanding of the process associated with completing a business valuation.
The workshop is open to all company officers and managers, bank officers and decision makers, as well as regulators, academics and business students.
Rakis is the first qualified accountant (CPA) in Cyprus and Greece to have obtained the Certified in Financial Forensics (CFF) and Accredited in Business Valuation (ABV) certifications after passing two rigorous exams in New York and meeting professional education and experience requirements. He has recently delivered seminars on forensic accounting for The ICPAC and the Cyprus Securities and Exchange Commission (CySEC). Over the years he has also delivered a number of seminars for bank officers on the subjects of corporate lending and financial statement analysis.
The workshop participation fee is €50. For registration and information contact:
Sophie Kyriacou on 22462246, sophie@ciim.ac.cy , www.ciim.ac.cy .