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October/November
2004 |
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Letter
from the Executive Director
Grant W. Newton, CIRA, CMA, CPA, Ph.D.,
Professor of Accounting, Pepperdine University |
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Forty individuals registered
for the first two sessions of Part 1 of the Certification in Distressed
Business Valuation (CDBV) course. Part 1 covers advanced business
valuation issues. Individuals that have prior business valuation
certifications are not required to take Part 1. Part 2 dealing
with application of business valuation concepts to bankruptcy
and other distressed situations is scheduled for Malibu (2 dates),
New York and Chicago within the next year. Other sessions of Part
1 are schedule for Malibu and Chicago. CDBV is the only business
certification program available that focuses on distressed business
valuation.
As of July, AIRA moved all of
its courses taught in the Los Angeles area (both CIRA and CDBV)
to the newly opened executive center on Pepperdine’s campus
in Malibu. All courses that will be offered in 2005 are also scheduled
at the Graziadio Executive Center which has private rooms at the
rate of $159 per night. Locate in the Executive Center are 50
luxurious rooms with ocean or mountain view, Queen-size beds,
Starbucks Coffee; 27” Panasonic flat screen television,
Dedicated work space with Ethernet and wireless capabilities,
and state of the art fitness center.
During AIRA fiscal year ending
September 30, 2004, over 262 individuals registered for a CIRA
course for the first time. This compares to 265 that registered
for a CIRA course for the first time in FY 2003. During FY 2004,
111 CIRA certificates were issued; 108 certificates issued in
FY 2003. A total of 692 Certificates have been issued as of October
1, 2004. An additional 292 individuals have passed all three parts
of the examination and are in the process of filing or completing
the experience requirement. An additional 637 individuals that
have registered for the CIRA program have one or more parts to
complete. CIRA courses for 2005 will be offered in Miami, New
York, Boston, Chicago and Malibu (Los Angeles).
Both CIRA and CDBV course are
available as in-house courses. Generally, it is profitable for
a firm to offer internally CIRA or CDBV courses if between 15
and 20 individuals (depending on the extent to which individuals
must travel) from the same firm desire to take the course. Several
firms are currently offering in-house courses.
The AIRA News, both current
and back issues, are available on the AIRA website. As each issue
of the AIRA News goes to press, we make that issue available on
the website and send email announcements to our all members. For
your convenience, each email contains an index of the current
issue and live links to all articles.
Each newsletter is available
in .HTML format for browsing and searching online, and in .PDF
format for easy download and printing from your personal computer.
Our website offers a great search function to help in locating
specific articles or topics. Just click on the “Search”
link and type in the words you want to find. I encourage members
to go to the AIRA website and browse the AIRA News archives. Back
issues are being added periodically. If there is any way that
AIRA can be of service to you, please call or e-mail the AIRA
office to contact me or one of the staff.
Grant W. Newton, CIRA
Executive Director
Grant
W. Newton, CIRA, CMA, CPA, Ph.D., is a Professor of Accounting
at Pepperdine University in Malibu, California. He teaches accounting
and finance courses in the Graziadiao School of Business and Management.
Grant is the author of Bankruptcy and Insolvency Accounting: Practice
and Procedure, 6th edition (2000 and updated annually) and co-author
with Gilbert D. Bloom of Bankruptcy and Insolvency Taxation, 2nd
edition (updated annually) published by John Wiley & Sons. His
articles have appeared in Journal of Accountancy, Management Accounting,
Practical Accountant, CPA Journal, Commercial Law Journal and others.
Grant is the Executive Director
of the Association of Insolvency and Restructuring Advisors. He
developed the three courses that lead to the Certified Insolvency
and Reorganization Accountant (CIRA) designation. Grant teaches
the three two-day CIRA courses and develops and administers the
CIRA examination.
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