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Meeting your intellectual property and intangible assets valuation needs
Do you need to value your companys intellectual property or acquired intangible assets and Goodwill? Or are you a valuation firm seeking to offer this service to your clients? We can help you by providing formal training courses or tailor-made, in-house training specific to your needs.
- Typically, in valuing the acquired intangible assets of a business entity, it will be necessary to reconcile the total price paid for the business entity to the value of the separate assets acquired, such as:
- Fixed Assets e.g. land, buildings, machinery and equipment
- Financial assets and working capital e.g. inventory, work-in-progress, accounts payable and receivable, etc.
- Intellectual property and other intangible assets e.g. patented and unpatented technology, in-process research & development, brands and trademarks, customer contracts, non-compete covenants, employee share options, etc.
- Goodwill, which includes, for example, the assembled and trained workforce and non-contractual customer relationships.
Formal training courses organized as modules covering:
- Introduction to basic concepts concerning how firms can identify and value their intellectual property and acquired intangible assets and Goodwill, including:
- the use of Relief-from-Royalty, Cost-to-Recreate, and Multi-period Excess Earnings Methodologies;
- the use of decision trees in valuing in-process R&D projects (IPR&D) in the biotech industry
- the circumstances under which the various methodologies may be most appropriate for use in valuing for particular assets
- Typical challenges encountered in performing such valuations, include the differences between valuations conducted by a firm to identify the value to the business of particular acquired intangible assets and valuations conducted to satisfy the requirements of their auditors under International Financial Reporting Standards (IFRS3: Business Combinations and IAS38: Intangible Assets);
- How to gather and calculate the basic input information required for the valuation;
- How to conduct impairment reviews subsequent to the acquisition of a business, and other factors influencing the need for such reviews.
Tailor-made in-house training: to include the development of models for the valuation of bundles of acquired intangible assets, including financial overlays and specific modules demonstrating how to life customer relationships and similar finite-lived assets.
Location
We can arrange to conduct courses in the United Kingdom and in any other countries, world-wide.
Other option valuation assistance
Alternatively, we can provide you with our formal professional opinion as to the value of any of your companys intellectual property and/or acquired Goodwill and other Intangible Assets. We will work closely with your people in defining, and then gathering, the information relevant to any such valuation exercise. We will liaise with the auditors to address any concerns or queries raised by them and to ensure that their requirements for a credible, well supported and well documented conclusion of value are met.
Who should attend?
- Finance directors
- Investment bankers
- Chief accountants
- Company secretaries
- Other finance staff responsible for IFRS implementation
- Audit partners and specialist staff
- Valuation experts seeking to acquire expertise in valuing intellectual property and/or acquired Goodwill and other intangible assets.
How you will benefit
Our courses are tailored to the needs of our clients. For example, you may want your specialist financial/audit staff to receive in-depth training in all aspects of valuations of intangible assets for the purposes of IFRS 3 implementation or audit. Alternatively, you may not intend to carry out the valuations yourself but need to gain an overview of how your firm may value its acquired intangible assets and Goodwill. You may also want to gain a better understanding of your auditors requirements. Our training will place auditors in a better position to carry out an audit of the value of options included in financial statements - whether the valuation has been prepared by the audit client or by an independent consultancy.
Contact
Please call Hugh Osburn on +44 (0) 1257 272899 or email: hjo@adopttraining.co.uk or enquiries@adopttraining.co.uk
Relevant articles available on this site: (see the Resources section)
1. New Accounting Standards and Valuation: Principal Issues and Past Problems
2. The Valuation of Brands
3. Managing your brands to maximize value
4. Technology Valuation
8. Valuing IPR&D in biotech and managing technology
9. Negative Goodwill and Buildings with Trading Potential
10. Valuation of Customer Relationships
11. Determining Discount Rates
12. More on Discount Rates; Escaping the Labyrinth
13. SME Valuations: Discount Rates and Goodwill
15. Analyzing what is an intangible asset
15a. Valuing intangibles: tax amortization benefit
16. Valuing intangibles: a critical review of Royalty-relief
17a. Valuing intangibles: Financial overlays, WARA, and economic lives
17b. Valuing intangibles: Multi-period excess earnings methodology
18. Valuing technology, including R&D Projects
19. Lecture Notes: Valuation of Intangible Assets and Accounting Issues
Other material:
Pinnacle Training_3_Real Options & Decision Trees_slides_Oct 08