Normalizing Financial Statements: What Family Lawyers Need to Know

What do family lawyers misunderstand most about normalizing financial statements? Can you provide an example of a normalizing adjustment?  Talk us through how you can find hidden expenses in a normalizing adjustment.

Miles Mason, Sr. JD, CPA is joined by Kevin Yeanoplos CPA/ABV/CFF, ASA. No one is more respected in the business valuation industry.  Thank you, Kevin for joining us and sharing your expertise and knowledge in business valuation and divorce.

Kevin R. Yeanoplos, CPA/ABV/CFF, ASA

Kevin is a Shareholder and the Director of Valuation Services for Brueggeman and Johnson Yeanoplos, P.C., with offices in Seattle and Tucson that specializes in the areas of business and intellectual property valuation, financial analysis and litigation support. Over the last four decades, the AICPA Business Valuation Hall of Fame inductee and Arizona Society of CPAs Lifetime Achievement Award honoree has assisted clients around the country with the valuation of a diverse array of intangibles and businesses. He frequently lectures throughout the United States on the topics of valuation, applied finance and financial analysis. Kevin has served in a diverse variety of volunteer positions, including Commissioner on the AICPA’s National Accreditation Commission, Commissioner on the Arizona Commission on Judicial Performance Review, Founding Chair of the UACPA’s Business Valuation Committee, and Chair of the Arizona Board of Appraisal among others. When he’s not chasing down the value of the invaluable, you can find Kevin running around the country on a 200 mile Ragnar Relay, using his business acumen as a board member for a local theatre or radio station, volunteering for the Special Olympics, advocating for royalty reform as a member of the National Academy of Recording Arts and Sciences or interviewing the likes of Roger Daltrey, Cyndi Lauper and Brian Wilson for his music webzine, Trebled Minds.

Check out Kevin’s book, Financial Expert Guide for Family Law Judges and Attorneys: Colorado Edition.

For more helpful discussion, see Mercer Capital’s article, The Importance of Normalizing Financial Statements for a Business Valuation.

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