ABVs hit the streets.From Atlanta to Seattle, some 700 CPAs took the first accredited-in-business-valuation examination on November 15, 1997. With the test results now in, CPAs from firms of all sizes are proudly putting "ABV ABV Above ABV Alcohol By Volume ABV Abuja, Nigeria (airport code) ABV Assault Breacher Vehicle ABV Accredited Business Valuation specialist ABV Auxiliary Building Ventilation ABV Annual Buy Value ABV Air Bleed Valve " after their names. "It was a difficult exam. In fact, it reminded me of the Uniform CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Examination," said Richard A. Pollack pollack: see cod. pollack or pollock Either of two commercially important North Atlantic species of food fish in the cod family (Gadidae). , CPA, ABV. He's had years of business, valuation experience and already had become an accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. senior appraiser A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property. Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market through the American Society of Appraisers and a certified business appraiser through the Institute of Business Appraisers. "Nevertheless, I don't think I could have walked into the test center cold and passed. I had to sit down and study beforehand." Pollack will continue to apply his appraisal skills while advertising his new designation. He's one of seven partners in the Miami firm of Berkowitz Dick Pollack & Brant brant or brant goose, common name for a species of wild sea goose. The American brant, Branta bernicla, breeds in the Arctic and winters along the Atlantic coast. , which has a staff of 60. Pollack performs valuations for estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the purposes, mergers, acquisitions, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and divorce engagements. Partners in shareholder agreements need valuations for buy--sell purposes, Pollack said, and corporations changing from C to S status also need valuations for tax reasons. "Many people think they'll sell their business someday or go public--they just want to know what it's worth." Pollack, who also has a background in auditing and consulting, finds advising a business about what it takes to build value and helping management set value goals very satisfying. Pollack praised the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). for creating the ABV designation. "The AICPA can now take a leading role in providing a standard of excellence in this important area of our profession." Market your firm, market yourself Another CPA who passed the ABV exam is Edward J. Dupke, chairman of the MCS business valuations and appraisals subcommittee and a member of the AICPA board of directors. "In today's competitive market, CPAs gain an advantage through the ABV accreditation," he said. "Judges, attorneys and end users of valuation services will recognize that, when combined with the CPA designation, ABV reflects the practitioner's knowledge and experience to provide the highest level of business valuation services competently and professionally. The accreditation is important not only for public practitioners who specialize in this area but also for CPAs in industry, government and education who can combine this credential with their individual talents as they work for the benefit of their employers." The next exam will be offered November 2, 1998. More information on the exam, requirements and an ABV certificate of educational achievement course are available on the Web at www.aicpa.org/members/div/mcs/ abv.htm. Members can also call the ABV Helpline at 212-596-6254, fax questions to 212-596-6268 or e-mail questions to Madelaine Feldman, ABV program coordinator, at Mfeldman@aicpa.org. RELATED ARTICLE: Smart Stops on the Web GENERAL INTEREST Benefits & Compensation www.wfbenefits.com Work & Family Benefits, Inc., an employee benefits company, created this site to address the increasing importance of the impact of family and life-style issues on an employee's professional development. The site includes information on a "values package" benefits plan that addresses the issues of child and elder care. The site also includes employee benefits broker and consultant information. www.judydiamond.com This site, maintained by Judy Diamond Associates, Inc., publishes employee bene fit and pension databases such as a small pension funds guide, defined contribution and defined benefit directories and a directory of prospects for SIMPLES and other retirement plans. The site also offers research services that include pension and welfare benefit reports and labor management documents. www.benefitnews.com Employee Benefit News posts an online edition of its health care, retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. , compensation and employee benefits magazine. Other items of interest include a conference calendar for upcoming employee benefits seminars and a benefits discussion section that provides a forum for issues and questions concerning benefits. A products and services section offers a list of links to benefits and human resource management software sites. www.ebri.org The Employee Benefit Research Institute is "committed to original public policy research and education on economic security and employee benefits." The site offers library and research services, Policy forums, press releases and publications as well as links to other sources to inform users about employee benefits issues. www.bls.gov The Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. of the Department of Labor has links to statistics and information from more than 70 federal agencies as well as international statistical agencies. It also provides links to surveys, indexes and programs on employment, prices, working and living conditions living conditions npl → condiciones fpl de vida living conditions npl → conditions fpl de vie living conditions living , compensation and employment projections. www.hiaa.org The Health Insurance Association of America, a trade association of insurers and managed care companies, offers consumer information and news. Especially useful is a lengthy description of the Prevailing Healthcare Charges System, a database of what healthcare providers are charging. www.census.gov/hhes/www/hlthins.html The Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census provides statistics on health insurance coverage, including who is or is not covered not covered Health care adjective Referring to a procedure, test or other health service to which a policy holder or insurance beneficiary is not entitled under the terms of the policy or payment system–eg, Medicare. Cf Covered. . HR Online www.bestsoftware.com From Best Software comes online information on a variety of financial and human resource issues. Check out an article on IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. payroll tax Payroll Tax Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the U.S., both state and federal authorities collect some form of payroll tax. deadlines, for example, and an electronic federal tax payment system help center. Count On This Site www-sci.lib.uci.edu/~martindale/RefCalculators.html Dumbfounding dumb·found also dum·found tr.v. dumb·found·ed, dumb·found·ing, dumb·founds To fill with astonishment and perplexity; confound. See Synonyms at surprise. is the best word for this site, a collection of thousands of online calculators covering subject from interest payments to feline nutritional needs. BUSINESS AND INDUSTRY Let Your Mouse Do the Walking www.800insureme.com Research the best auto, home health and life insurance rates for your company through the Insurance Shopping Network. This is a free service, unaffiliated with any insurance company. The site even has a secured server so you can confidently send private information. www.quotesmith.com Fill out an online form about the kinds of insurance you need. Quotesmith instantly searches its database of hundreds of companies to find those in your state offering the plans you want. Included in its service are price quotes and ratings from A.M. Best and other rating services. Take Care of Business www.ppcbusiness.com Practitioners Publishing Co, has a site especially for controllers and other finance professionals. Check out news, an article called "The Controller's First 100 Days" and weekly tips on expense reduction and on technology. Show Me the Money www.financingsources.com Do you need to know about venture capital, loans, mortgages and IPOs? At the Financing Sources site, you can look up articles on sources of venture capital, writing loan proposals and business valuations. All Web addresses are preceded by http:// |
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