SEMINAR Nova spoznanja pri ocenjevanju vrednosti podjetij skozi ameriško prakso - Susan H. Glass
17.9.2019 -18.9.2019

»Eppur si muove« velja za vsa področja univerzuma. Tudi klasični pristopi k ocenjevanju vrednosti podjetij, za katere včasih menimo, da jih že v celoti obvladamo, niso nikakršna izjema. Po veliki finančni krizi konec prejšnjega desetletja, je Ameriška stroka ocenjevanja vrednosti podjetij dobila nov razvojni zagon, katerega posledica so nadgrajeni in prilagojeni pristopi k ocenjevanju vrednosti. Na seminarju bomo deležni bogatih izkušenj in najnovejših spoznanj iz Kanadsko - Ameriške prakse ocenjevanja. Z nami jih bo delila mednarodno priznana predavateljica Susan H. Glass, nesporna avtoriteta med teoretiki in praktiki ocenjevanja vrednosti v ZDA in Kanadi.

Torek, 17. september 2019

9.00-9.30 Discussion of Valuation Approach-New Normal or Old Normal?
9.30-10.30 Cash Flow Projections-Dynamic and Volatile Business Environment Dilemmas
10.30-10.45 Odmor
10.45-13.15 Discount Rates-Disruptions in Financial Data Time Series
13.15-14.15 Odmor za kosilo
14.15-15.15 Terminal Value-Long Term Growth Dilemma
15.15-15.30 Odmor
15.30-16.30 Treatment of Leverage - Is a leverage reckoning coming?
16.30-17.00 Čas za vprašanja

 

Sreda, 18. september 2019

9.00-10.30 Market Approaches: Trading and Transaction Multiples- Upgrade&New Insights
10.30–10.45 Odmor
10.45–12.15 Market Approaches: Trading and Transaction Multiples - Upgrade&New Insights
12.15-13.15 Odmor za kosilo
13.15-13.45 Other Adjustments and Considerations - Upgrade&New Insights
13.45-14.45 Special Circumstances
14.45-15.00 Odmor
15.00-16.30 Special Circumstances
16.30-17.00 Čas za vprašanja

Susan H. Glass,
MBA, cpa, ca, Fcbv
Canadian National Leader
KPMG Valuation & Litigation Services

KPMG LLP
333 Bay Street, Suite 4600
Toronto, ON M5H 2S5

Tel    416-777-3315
Mob  416-727-0837
Fax  416-777-3891
susanglass@kpmg.ca

Function and Specialization

Susan focuses on two key areas: (1) valuations and damage assessments prepared for litigation purposes; and (2) infrastructure and private equity valuations prepared for Canada's major pension funds and other large funds.
Professional Associations

  • Canadian Institute of Chartered Business Valuators
  • Institute of Chartered Professional Accountants of Ontario
  • Canadian Institute of Chartered Professional Accountants

Languages

English

Education, Licenses & Certifications

  • Master of Business Administration (MBA), McMaster University.  Gold Medalist
  • Chartered Accountant (CA), Institute of Chartered Accountants of Ontario.  Ontario Silver Medalist
  • Chartered Professional Accountant (CPA), Chartered Professional Accountants Canada
  • Chartered Business Valuator Fellowship Designation (FCBV), Canadian Institute of Chartered Business Valuator

Background

Susan is the National Leader of KPMG's Canadian Valuation and Litigation Services Practice and the former Chair of the Board of KPMG in Canada.  She specializes in business valuations, damage quantifications and financial modeling, and has appeared as an expert witness before the Ontario Court, the Québec Superior Court and the Tax Court of Canada.  Susan has also acted in the capacity of valuator-arbitrator and has participated in mediation and arbitration proceedings. 

Professional and Industry Experience

Susan has 40 years of professional experience.  Prior to joining KPMG in 1989, she was a full-time lecturer of accounting and finance with the Faculty of Business, McMaster University, and a self-employed consultant.  Her professional experience with KPMG has included:
Valuations:  Responsible for valuations of private businesses and public companies, including fairness opinions, solvency opinions and valuations prepared for the purposes of securities law requirements, litigation matters, financing, merger and acquisition transactions, corporate restructurings, income tax reorganizations, financial reporting and regulatory matters. 
Susan has led numerous engagements involving valuations of private equity and infrastructure investments including those held or managed by OMERS, Ontario Teachers', Canada Pension Plan Investment Board, Enbridge, TransAlta, Scotia Gas, Oncor, Express Pipeline and Williams Energy. Susan was also the lead partner on the Solvency Opinion that resulted in terminating the largest private equity deal in history, namely the planned privatization of BCE. 
Damage Assessments and Litigation Services:  Quantified damages and performed other economic analyses relating to contractual disputes, franchisee disputes, patent infringement claims, anti-trust violations, oppression actions, wrongful dismissal cases, professional negligence actions, dumping actions, financing disputes, product liability issues, regulatory disputes and other matters.
Financial Modeling:  Designed and developed complex financial models for numerous purposes.  Completed an engagement for the Air Transport Association and the International Civil Aviation Organization, a subcommittee of the United Nations, which involved modeling the effects of proposed Stage IV noise and emission standards on the value of the worldwide jet aircraft fleet.
Restructuring:  Analysed restructuring options, assessed debt capacity, borrowing rates and covenants, evaluated business plans, and developed complex financial models for restructuring purposes.  Engagements have been undertaken on behalf of banking syndicates, secured and unsecured creditor groups and operating lenders in various restructurings, including Air Canada, Algoma Steel, LTV Steel, Laidlaw, Philip Services, Sammi Atlas Steel, Beatrice Foods and Peoples Jewelers.
Academic Experience:  Prior to joining KPMG, Susan was a full-time lecturer with the Faculty of Business, McMaster University, responsible for teaching and course development in financial accounting, auditing, accounting theory, managerial accounting, finance and business communications.  In 1988, she received the McMaster Faculty of Business Award for Teaching Excellence.

Susan has spoken at national conferences, regional conferences and local workshops sponsored by the CICBV.  She has also appeared as a speaker at conferences held in the United States and Europe, and has conducted seminars or published papers on valuations, damage assessments, accounting and finance.

Seminar bo od 9.00 do 17.00 v predavalnici A Zveze računovodij, finančnikov in revizorjev Slovenije, Dunajska cesta 106 (v 4. nadstropju), Ljubljana.

Število udeležencev je omejeno, zato lahko zagotovimo udeležbo le tistim, ki nam bodo poslali izpolnjeno prijavnico, preko spletne strani. O izvedbi seminarja vas bomo obvestili po elektronski pošti. Opozarjamo vas, da se morate, če boste morebiti zadržani, od seminarja odjaviti, ker vam bomo v nasprotnem primeru zaračunali udeležnino. Obvestilo o odjavi pošljite na naslov info@si-revizija.si.

Udeležnina za znaša 500,20 € (22-odstotni davek na dodano vrednost je vračunan). Za aktivne imetnike strokovnih nazivov in imetnike dovoljenja za opravljanje nalog pooblaščenega ocenjevalca vrednosti oziroma pooblaščenega revizorja znaša udeležnina 425,17 € (22-odstotni davek na dodano vrednost je vračunan). Možna je tudi prijava na posamezen dan seminarja, v tem primeru znaša udeležnina 298,90 € (22-odstotni davek na dodano vrednost je vračunan). Za aktivne imetnike strokovnih nazivov in imetnike dovoljenja za opravljanje nalog pooblaščenega ocenjevalca vrednosti oziroma pooblaščenega revizorja znaša udeležnina 254,07 € (22-odstotni davek na dodano vrednost je vračunan). Podatke za plačilo seminarja prejmete po elektronski pošti.

Po določbah pravilnikov o priznanju dodatnega izobraževanja se pooblaščenim ocenjevalcem vrednosti, preizkušenim računovodjem, preizkušenim notranjem revizorjem, preizkušenim revizorjem informacijskih sistemov, preizkušenim davčnikom in revizorjem za posvet prizna 16 ur

Če ste vpisani v register pri Slovenskem inštitutu za revizijo, vas prosimo, da v prijavnico obvezno vnesete vpisno številko zaradi vnosa ur dodatnega izobraževanja.

Za pooblaščene ocenjevalce vrednosti ima posvet oznako C.
Za pooblaščene revizorje je Agencija za javni nadzor na revidiranjem posvetu določila oznako B.