I have been at AICPA business valuation training this week with Robin Taylor and Ron DiMattia as our instructors and it has been a great learning experience for me. I am just getting started in business valuation, and this class is full of professionals from business and industry that have way more experience than I do, so I have been able to learn a lot in that respect as well.
From what I have learned this week, I really anticipate growing my career in this direction as the growth and formation of the profession is really taking shape and new business opportunities are growing. The proposition is not compliance driven and the value to the client is often easy to lay out. It’s also a practice area where a professional can really differentiate himself/herself as an expert.
Due to the degree of professional judgement used to inform the conclusion of value, the choice of professional can make a huge difference in the quality of the conclusion reached. Especially in the growing litigious environment it is important that a professional be well skilled and produce a thorough product. Lack of licensing requirements for valuation services also make associations with reputable organizations and proper professional certifications highly desirable in the market for these services.
Furthermore, the degree of consideration given to the financial statements makes a CPA valuation expert especially qualified to analyze and reach conclusions about the financial health and prospects of the subject being valued. This will be a fun and exciting area to work in for years to come.