Business Valuation Body of Knowledge: Exam Review and Professional Reference / Edition 2

Business Valuation Body of Knowledge: Exam Review and Professional Reference / Edition 2

by Shannon P. Pratt
     
 

ISBN-10: 0471403075

ISBN-13: 9780471403074

Pub. Date: 01/01/2003

Publisher: Wiley

Business Valuation Body of Knowledge, Second Edition brings together the essentials of the core knowledge of business valuation as taught today by the leading professional associations. It provides both a study guide for those seeking business valuation certification (ABV, ASA, CBA, and CVA) as well as a reference guide for day-to-day use by

Overview

Business Valuation Body of Knowledge, Second Edition brings together the essentials of the core knowledge of business valuation as taught today by the leading professional associations. It provides both a study guide for those seeking business valuation certification (ABV, ASA, CBA, and CVA) as well as a reference guide for day-to-day use by practitioners.

Shannon Pratt, one of the foremost authorities on the subject, emphasizes the valuation of closely held businesses and interests throughout, but much of the material is also applicable to publicly traded companies. The book begins by describing the legal and professional environment in which business valuation typically takes place, presenting a glossary of terms and the mathematical notation commonly used. The core of the book presents valuation approaches and methods, followed by company, industry, and economic analysis. Business Valuation Body of Knowledge also includes an extensive case study to demonstrate valuation practices in action and discusses how valuation methods may differ for different purposes-tax matters, employee stock ownership plans (ESOPs), shareholder disputes, etc. For the practitioner seeking accreditation, the book:

• Outlines the topics generally covered in accreditation exams, providing a review of the basics

• Identifies where topics are covered in each organization's materials and reference books

For the experienced practitioner, the book:

• Reviews the current rulings and professional positions on basic business valuation topics

• Provides a time-saving source to other references, with various views on basic topics

• Serves, in case of litigation, as a guide to help ensure that basic considerations have not been overlooked, and includes sources for positions on controversial issues

For readers interested in further targeted study, the author includes references to Internal Revenue Service publications, professional standards, texts, and courses on each subject. Candidates seeking ABV, ASA, CBA, or CVA certification, as well as practitioners in need of a day-to-day reference, will find Pratt's authoritative guide to be the premier resource in the field.

Product Details

ISBN-13:
9780471403074
Publisher:
Wiley
Publication date:
01/01/2003
Edition description:
Second Edition
Pages:
384
Product dimensions:
6.14(w) x 9.29(h) x 1.14(d)

Table of Contents

Preface.

Acknowledgments.

Listing of References and Reference Abbreviations.

PART I. BUSINESS VALUATION ENGAGEMENT ENVIRONMENT.

Chapter 1. Business Valuation Legal and Regulatory Environment.

Chapter 2. Business Valuation Professional Environment.

Chapter 3. Business Valuation Engagement.

Chapter 4. Litigation Service Engagements.

PART II. TERMINOLOGY AND NOTATION.

Chapter 5. International Glossary of Business Valuation Terms.

Chapter 6. Notation Systems Used in This Book.

PART III. VALUATION APPROACHES AND METHODS.

Chapter 7. Overview of Valuation Approaches and Methods.

Chapter 8. Income Approach: Cost of Capital.

Chapter 9. Income Approach: Discounting Method.

Chapter 10. Income Approach: Capitalization Method.

Chapter 11. Market Approach: Guideline Public Company Method.

Chapter 12. Market Approach: Guideline Merger and Acquisition Method.

Chapter 13. Prior Transactions, Offers, and Buy-Sell Agreements.

Chapter 14. Adjusted (Net) Asset  Method.

Chapter 15 . Excess Earnings Method.  

Chapter 16. Discounts and Premiums.

Chapter 17. Reconciliation and Value Conclusion.

PART IV. ANALYSIS OF THE COMPANY. 

Chapter 18. Financial Statement Analysis.

Chapter 19. Using Economic and Industry Data.

Chapter 20. Site Visits and Interviews.

PART V. SUPPORTING DATA.

Chapter 21. Sources of Supporting Data.

PART VI. SAMPLE CASE.

Chapter 22. Sample Case: Shannon's Bull Market.

PART VII. VALUATIONS FOR SPECIFIC PURPOSES.

Chapter 23. Tax-Related Valuations.

Chapter 24. Employee Stock Ownership Plans (ESOPs).

Chapter 25. Shareholder Buyouts and Disputes.

Chapter 26. Marital Dissolutions.

Appendix A: Bibliography of Reference Sources.

Appendix B: Federal Rule of Civil Procedure 26: General Provisions Governing Discovery; Duty of Disclosure.

Self-Study CPE Examination.

Index.

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