No matter whether it is about currencies or commodities: operating hedging requires two big decisions. First decision: how much volume do we want to hedge? This starts with the most straightforward strategy of only hedging what is sold or bought (but where payment is later), but often goes much further. Companies anticipate that they will […]
Matthias Meitner of VALUESQUE, our exclusive member for Business & Asset Valuations in Germany, was recently interviewed by ValueDACH about the current challenges in accounting and valuation. Watch on Youtube
Matthias Meitner of VALUESQUE hosted a Business Valuation & Coronavirus Teach-In yesterday, along with Urs Breitspecher of AQUAN Rechtsanwälte and Gunther Schmidt of ENDEMANN.SCHMIDT. Urs had the following to say about the teach-in: “Today I participated in the first IR Global virtual lecture about valuation and Corona with Prof. Matthias Meitner, CFA and Gunther Schmidt. Very interesting and it shows how complicated restructuring […]
When Michael Jensen published his “Free Cash Flow Hypothesis” in 1986 (‘Agency Costs of Free Cash Flow’, Corporate Finance and Takeovers, in: American Economic Review, 76, pp. 323-339) it was widely seen as a ground-breaking idea. This theory managed to bring-in a behavioural and a principal-agency perspective into a so far mostly neoclassical topic: the […]
The current COVID-19 outbreak has become one of the greatest threats to health, the global economy and financial markets in recent history. At the current juncture, multinational companies and groups will have to work more and more efficiently to manage their supply chains in a rapidly changing environment due to the restrictions imposed by COVID-19. In most […]
ESOPs are popular management incentive tools employed by corporations, big and small these days. The financial reporting requirements concerning ESOPs entail valuation of the same. This newsletter discusses the Black Scholes Option Pricing model, one of the widely used option pricing models. Please download our newsletter here: https://knavcpa.com/inputs-to-the-black-scholes-model-a-primer-on-asc-718-valuation/ Inputs to the Black-Scholes Model a premier on […]
KNAV & Taxsutra are presenting a webinar on “Impact of COVID-19 on Financial Reporting Valuations” on Tuesday, April 28, 2020 – 4:30 PM IST. Rajesh Khairajani is one of the speakers of the webinar with Atul Deshmukh – Co-founder & Partner, KNAV and Mark Zyla – Managing Director, Zyla Valuation Advisors. REGISTER HERE
Sunday marked World Intellectual Property (IP) Day. Designated in 2000 by the World Intellectual Property Organization (WIPO), World IP Day educates the public about the role of IP in innovation and creativity. Normally, WIPO would host physical events around the globe to celebrate the day, but due to COVID-19 and necessary social distancing efforts, World […]
As a result of the COVID-19 pandemic, lessors are responding to “a deluge of requests” for payment holidays. Whilst all sectors are experiencing problems coach operators and equipment rental organisations are identified as being particularly at risk as they are more highly geared to asset finance. The coach industry is seasonal starting at Easter and […]
On 10 April 2020, the IASB has issued a paper intended “to support the consistent application of requirements” in IFRS 16 Leases: “IFRS 16 and covid-19 – Accounting for covid-19-related rent concessions applying IFRS 16 Leases”. Below, we present the main messages of this paper (from a lessee’s perspective). And we explain why this is a) […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Rajesh C Khairajani of KNAV. Rajesh has joined IR as our exclusive Business & Asset Valuations Member in Georgia. KNAV is an Atlanta, US based firm offering a complete suite of services including Assurance, Advisory, Tax and Transaction Advisory Services. KNAV […]
These days, investors and analysts have to devote plenty of effort in order to get a better understanding of how revenues and earnings of companies develop in the near-, medium- and long-term in the light of the current coronavirus crisis (so do we, see HERE and HERE). But with all the understandable focus on performance, cash generation and […]