MABVP Winter News

Posted on January 18, 2021  

Winter 2021: Volume 26, Number 3

Next Meeting: February 18, 2021

Place: Remote Meeting via Zoom (to request a meeting invitation, contact Natalie Mandley at mabvp.natalie@gmail.com)

Time: Noon – 1:30 PM

Agenda: Michael Schaefer will present Upcoming Changes in GAAP, How They Change the Statements, and a Discussion on What It Means for Valuations. Over the last few years, the FASB has issued updates to the Accounting Standards Codification dealing with a wide variety of topics, from leases to investments. Join the MABVP for a discussion and an update related to newly issued standards and look back at how these standards are being considered in valuations.

Notes from the December 17th Chapter Business Meeting:  

The Annual Valuation Contest 2020 Edition is in the books!  We are so grateful to Jeff Wright of Corporate Finance Associates for hosting yet another fantastic contest for us.  Congratulations to our winners:  Emma Niemela, Joshua Johnson, Joe Kenyon, and Brian Adamek.  Emma’s close guess on the first sale presented in the contest won her the Grand Champion Twin Cities Valuation Contest trophy, which will grace her desk until the next contest. 

In addition to the Valuation Contest, there were also a few contestants in the Ugly Sweater Contest.  Josh Johnson once again won the prize with his festive suit!  Thank you to all who participated!

Upcoming Meeting Schedule:                        

  • Thursday, February 18, 2021 – Upcoming Changes in GAAP, How They Change the Statements, and a Discussion on What It Means for Valuations, Michael Schaefer
  • Thursday, May 20, 2021 – Alternative Exit Strategy – Transition to an ESOP Plan, Dan Markowitz

You can reach MABVP President Joshua Johnson at josh@valcongrp.com.  Natalie Mandley can be contacted at mabvp.natalie@gmail.com or at 612.767.9452.