Archive 2009-20: BV Calculations, Calculation & Summary Reports




BV Calculations, Calculation Reports & Summary Reports: Including a Complete Sample Calculation Report And a Complete Sample Summary Report

Webinar 20 Original Broadcast Date: December 17, 2009

presented by Jim Hitchner, CPA/ABV/CFF, ASA, Moderator, with

Mark Kucik, CPA, CVA, CM&AA, and
Jim Alerding, CPA/ABV, ASA, CVA

Please note that the date of this webinar was December 17, 2009 and that there was an update of this webinar on March 23, 2011. Please confirm that you wish to purchase the 2009 archived webinar before proceeding with the purchase of this product.

The main highlight of this session is the the issuance and detailed discussion of a complete sample summary report and a complete sample calculation report that are in compliance with the valuation standards of the AICPA, ASA, IBA, NACVA and USPAP. You will learn just about everything you ever wanted to know about calculations, calculation reports and summary reports.

Learning Objectives:

  • Using the complete sample summary report handout, the participant will learn what needs to go into a summary report that is in compliance with AICPA, ASA, IBA, NACVA and USPAP standards
  • The participant will learn what is the minimal requirements for an AICPA, ASA, IBA, NACVA and USPAP calculation engagement
  • Using the complete sample calculation report handout, the participant will learn what needs to go into a calculation report that is in compliance with AICPA, ASA, IBA, NACVA and USPAP standards
  • The participant will learn about the potential conflict between an ASA calculation engagement and USPAP, which has no calculation level of service
  • The participant will learn about the differences in terminology and definitions between the various standards

Webinar Outline:

  • When and how to perform
    • Limited appraisals
    • Calculation engagements

  • When and how to use

    • Summary reports
    • Calculation reports
  • Length of summary and calculation reports
  • Standards terminology differences
    • Calculation, limited appraisal, limited opinion
    • Calculation report, summary report, letter report, preliminary report
  • What goes in a summary report and a calculation report
    • Front language including: terms, definitions, disclaimers, caveats, scope of work including restrictions or limitations, sources of information, distribution, and level of reliance
    • Adherence to BV reporting standards (AICPA, ASA, IBA, NACVA and USPAP)
    • Approaches, methods and procedures used
    • Marketability and control characteristics
    • Reconciliation of values and methods
    • Conclusion of value or calculated value
    • Assumptions and limiting conditions and valuation representation/certification
  • What should NOT go in to a summary or calculation report

Included in this downloadable package are:

  • Audio/Video file
  • Webinar transcript
  • Original Webinar handouts

The archived webinar package is an Adobe Presenter PDF file that allows you to view the video of the webinar with the synced audio so that you see the presentation just as it was presented “live.” The Presenter format also allows for easy navigation through the webinar so you can quickly go to a specific section in the presentation. The handout materials are included in the file. To view the Webinar Presenter file, you must have Adobe Reader software version 9 or higher. You can download the free current version of Adobe Reader at Please note that CPE is only available for live webinar broadcasts.

Additional information

Weight 0.00 oz