Business valuators have never been in higher demand than they are now. Business valuators/CPAs enjoy the widest range of job opportunities among qualified accountants, and as state licensing continues to become harder to attain, options will continue to flourish for those who make the grade.
Business valuators, like their general financial practitioner cousins, will crunch data about the assets, liabilities, and capital of a company to prepare profit and loss statements and show the financial position of a company to find out if someone should acquire a company or not.
A business valuator is often assessing the worth of a company so that another company can decide whether or not to acquire it, or conversely, what kind of offer they will accept if another company is trying to acquire them.
They work at accounting firms or are self-employed,
Usually if you want to become a certified business valuator you will need a bachelor’s degree in accounting, business, or a related field. An MBA in finance or accounting will increase your earning power in the field.
Beginning business valuators will see earnings ranging from $26,000 to $30,000. Business valuators working for accounting firms can expect their own offices and salaries pushing the $40,000 level. Business valuators who have been in the profession for a decade have either advanced to managerial positions or now run their own company. Those business valuators who have moved on to managerial positions or have become directors of accounting at an accounting firm can expect salaries pushing $80,000. Those who are self-employed may earn upwards of $50,000.
The best opportunities for employment come to those who are first CPAs for, in most states, CPAs are the only accountants who are licensed and regulated.
In such a competitive market, it is hard to start out as a self-employed business valuator, and most will have to work for an accounting firm to gain experience and a client base.
The chances of business valuators being replaced by computers are very low. Most business valuators are using laptops and technology now days to collect data about companies but human's always have to check up after the computers because they could make mistakes that would cause another company to bankrupt. No, of course it wouldn't be fair to say that there is a chance that robots would replace business valuators.
Approximately 65 years old.
The work of a business valuation specialist is to determine the economic value of a business or company. They produce a detailed report that is used in a business sale, litigation matters, divorce proceedings, or in establishing partner ownership. Without business valuators, most companies would bankrupt after 1 year because they will acquire low quality businesses.
Rationale: to inform or educate
Authority: satire
Date: still relevant
Accuracy: probably true
Relevance: relevant for this document
Sources: cites sources