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USF Sarasota-Manatee’s Business Valuations class to meet

By: Rich Shopes

Posted: August 08, 2017

USF Sarasota-Manatee business valuation class to meet

Dr. Nicholas Mastracchio

SARASOTA, Fla. (Aug. 8, 2017) – Dr. Nicholas Mastracchio’s popular Business Valuations class is returning in the fall to USF Sarasota-Manatee.

This hybrid online-live class is open to both graduate students and accountants continuing their education.

An expert on the subject, Dr. Mastracchio has written extensively about business valuations, testified in court cases and assisted in multi-million dollar mergers. His course looks beyond the balance sheet to delve into the many valuing methodologies.

Students are taught to assess the risks of particular businesses as well as about “normalization,” a process to distinguish between accepted business practices and those normally not associated with business.

Drawing on his accounting experiences, Dr. Mastracchio examines the problems of “cash-only” businesses, how couples divorcing may hold different opinions about a company’s value and how business owners sometimes comingle personal and business assets for tax purposes. Untangling these connections is all part of conducting accurate valuations.

“Boats, cars, artwork, even a jet airplane,” may sometimes be labeled business assets, he said.

“I once ran across a business where the client had all these local subsidiaries and he had a plane listed as an asset,” Dr. Mastracchio said. “The subsidiaries were all only a hundred miles away, so why did he need the plane?”

The course is almost entirely online. The last two classes are live. During these live sessions, students work in groups to valuate businesses. At the end, they make presentations on their findings before classmates and valuation experts. The experts rate the presentations.

Although most students are working toward MBAs, many are accountants interested in continuing their education.

“Everybody participates,” he said. “Another important thing is that the course has been approved by the Florida State Board of Accountancy for graduate students and as a continuing education course for accountants. It counts for 45 credit hours of continuing education.”

Registration for the class is open until Aug. 25. For more details or to register, contact Laura Delagardelle at Lad5@sar.usf.edu.

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