Business Valuation Center
University of North Alabama
Center for Business Valuation Research & Education
Mission Statement
The mission of the Center for Business Valuation Research & Education is to enhance the reputation of the University of North Alabama and the College of Business by offering professional and educational programs and resources while creating closer ties with the professional business community. The Center is also dedicated to the goal of developing and disseminating knowledge in all aspects of the field of business valuation. More precisely, the Center will:
Develop and offer traditional graduate and undergraduate courses on business valuation and related topics.
Develop and participate in continuing professional education seminars to be offered throughout Alabama, the region and the U.S.
Support high quality research designed to advance the science of business valuation.
Provide resources and information through a network of accounting, legal and business valuation professionals.
Center for Business Valuation Research and Education
In the fall of 2006, the College of Business launched its new Center for Business Valuation Research and Education. The Center is dedicated to the goal of developing and disseminating knowledge in all aspects of the field of business valuation. As one of its core missions, the Center will promote scholarly research on issues pertaining to the valuation of closely held businesses. Given the tremendous growth in the business valuation profession and the move towards fair value reporting, a great need exists for high-quality, analytical and empirical research on issues pertaining to the business valuation profession.
Similarly, demand for business valuation services is being fueled by new pronouncements from various authorities including the FASB, the AICPA and the IRS. According to the AICPA, business valuation is one of the fastest growing practices in public accounting. In response to increasing demand for business valuation expertise and training, the Center is offering a wide range of business valuation education, ranging from half-day CPE programs to full semester courses designed to prepare students and professionals for certification exams such as those offered by the National Association of Certified Valuation Analysts (NACVA) and the AICPA.
At this time, faculty from all areas of UNA's College of Business are engaged in a variety of business valuation related research projects including estimating the cost of equity capital, valuation of subchapter S corporations, quantifying discounts for lack of marketability and the valuation of derivatives. They invite all professionals and academics with experience or an interest in business valuation to consider UNA's Center for Business Valuation Research and Education as a resource for virtually any issue related to the valuation of closely held businesses.
Publications
A major objective of the Center is the publication of both professional and academic research on all aspects of business valuation.
Published and Forthcoming Articles:
- Measures of Central Tendency in Business Valuation, by Keith Sellers, Yingping Huang and Sharon Campbell. Value Examiner, forthcoming January/February 2008.
- Valuing Complex Employee Stock Options for Closely Held Companies, by Keith Sellers, Yingping Huang and Brett King, Journal of Accountancy, forthcoming March/April 2008.
- Analysis of SFAS No. 109’s Usefulness in Predicting Future Cash Flows from a Conceptual Framework Perspective, by Joey Legoria and Keith Sellers, Research in Accounting Regulation, Vol. 18, 2005.
Center for Business Valuation Research and Education Services and Activities
Offer a variety of seminars, CPE and CLE programs on business valuation and related topics both locally, regionally and nationally.
Involve a number of College of Business faculty in business valuation activities (teaching, research and practice) as a means of developing a “center of gravity“ of business valuation expertise.
Publish academic and professional articles on all aspects of business valuation.
Develop formal ties between the Center and business valuation organizations such as the National Association of Certified Valuation Analysts (NACVA) and the American Institute of Certified Public Accountants (AICPA).
Develop formal ties between the Center and academic organizations such as the American Accounting Association (AAA).
In conjunction with professional organizations, offer on-line, credit courses which satisfy professional exam prerequisites.
Offer a variety of consulting services, such as peer review services, litigation support and quantitative analysis to business valuation professionals.
Develop and empirically test potential business valuation databases and models which can be of benefit to business valuation professionals and organizations.



