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FROM: JUL-AUG 2008 ISSUE | BY PEGGY HOMAN, EDITOR
The efforts required to gain an edge in today’s competitive world are never ending. And while the CGA program provides a solid foundation for a successful career, being a CGA also means a lifelong commitment to continuous learning and professional development.
With this in mind, we decided to dedicate this issue of CGA Magazine to a growing area closely related to accounting – the specialized field of business valuation. Business valuation is the process of determining the value of a business, security, or intangible asset, and counseling related to corporate finance and transaction-based activities. Chartered Business Valuators (CBVs) use valuations in determining fair market value and to ensure tax-planning initiatives are appropriate.
Furthermore, the Canada Revenue Agency is increasingly relying on CBVs in assessing valuation issues. Information about the CRA’s valuation policy is available in Information Circular 89-3, Policy Statement on Business Equity Valuations.
You can read more about working in this popular and rigorous field in the Business feature. And in the Profession feature, you’ll meet some of the CGAs whose careers have benefitted from their knowledge of business valuation, including our cover subjects, Toronto’s Jeannine Brooks, MBA, FCGA, president and CEO of the Canadian Institute of Chartered Business Valuators, and Mark Shoniker, MBA, CBV, CF, CGA, senior director, Business Finance, Bank of Montreal.
Continuing with the valuation theme, our Ask an Expert column discusses a systematic approach to assisting clients in reaching an understanding of the real market value of their businesses. If you are interested in learning more about technical topics in valuation, the next National Business Valuation Conference will be held September 4 and 5, 2008, in Quebec City.
Watch for the September-October issue, which will feature an update on Canada’s current transition to international financial reporting standards (IFRS).
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