It is strongly recommended to complete Level I before registering for Level II – Intermediate Business Valuation.

Registered Students will expand on the knowledge and skills gained in Level I and will dive deeper into issues with the income approach and developing rates of return for valuation. They will also have knowledge of the market approach and tax issues which impact value.

In addition to the course notes, supplementary textbooks are required. To order the textbooks for this course, please see the Course Materials page.

Level II includes :

• The various types of business organization, types of income and tax rates
• Common tax assets and liabilities
• Acquisition of control rules and the tax consequences of sales of assets versus shares
• Issues in developing rates of return in valuations and the interrelationship between cash flows and discount rates
• The market approach to value
• The asset approach to value
• Discounts and premiums