CFO network seminar much valued by attendees

Last night was the second installment for 2011 of the CFO Network seminar events, held in conjunction with the Institute of Chartered Accountants. About 30 guests attended the Institute’s headquarters on Erskine Street in Sydney for some networking with fellow CFOs and two presentations on valuations. Valuation is a key area for CFOs to understand, keep up to date with the latest trends and also be across the various valuation methodologies, particularly when we don’t touch it every day.

There’s no doubt we’re operating in interesting times. We’ve seen a lot of changes occur in the market over the last few years, bank lending is more challenging, raising capital across various industries is tricky and accounting standards are more stringent. Because of this valuing businesses and goodwill has become more difficult and complex.

The event’s speakers were both highly regarded experts in their fields and extremely knowledgeable in the area of business and commercial valuations. The seminar bought together two different aspects of valuations to give a complete picture on how the current market is influencing valuations. Wayne Lonergan from Lonergan Edwards & Associates delivered an interesting presentation on valuations trends with particular emphasis on public companies that have to undertake annual impairment testing of goodwill as a result of business combination under IFRS methodology. Wayne also covered the trends in enterprise value, multiples and discount rates. 


 


This article is intended to provide general information only, and is not to be regarded as legal or financial advice. The content is based on current facts, circumstances, and assumptions, and its accuracy may be affected by changes in laws, regulations, or market conditions.  Accordingly, neither Azure Group Pty Ltd nor any member or employee of Azure Group or associated entities, undertakes responsibility arising in any way whatsoever to any persons in respect of this alert or any error or omissions herein, arising through negligence or otherwise howsoever caused. Readers are advised to consult with qualified professionals for advice specific to their situation before taking any action.

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Natalie Jones
Natalie Jones

Natalie has over 23 years experience working in professional services. Having started her career in business development, and having worked with accountants for over 18 years, Natalie brings not only operational diligence to her role as General Manager but also sales and marketing effectiveness to assist in Azure Group's long term vision.

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