Certified Public Accountants
& Business Consultants 

ATTENTION IP OWNERS: Your ability to unlock value through intellectual property (IP) backed financing is increasing. Lenders are becoming more willing to use IP as collateral in secured lending again.

In the worlds of M&A and valuation, companies’ values are often quoted based on multiples of EBITDA. However, its usefulness is limited to the financial sophistication of its user. In fact, in very few instances is EBITDA a reliable indicator of cash flow.

On March 24, 2014, the Governmental Accounting Standards Board (GASB) voted unanimously not to delay the implementation of GASB Statement No. 68, Accounting and Financial Reporting for Pensions.  
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