Overview
Financial Valuation: Applications and Models provides authoritative reference and practical guidance on the appropriate, defensible way to prepare and present business valuations. With contributions by 30 top experts in the field, this new fourth edition provides an essential resource for those seeking the most up-to-date guidance, with a strong emphasis on applications and models. Coverage includes state-of-the-art methods for the valuation of closely-held businesses, nonpublic entities, intangible, and other assets, with comprehensive discussion on valuation theory, a consensus view on application, and the tools to make it happen. Packed with examples, checklists, and models to help you navigate your valuation project, this book also provides hundreds of expert "tips" and best practices in clear, easy-to-follow language. The companion website provides access to extensive appendix materials, and the perspectives of valuation thought-leaders add critical insight throughout each step of the process.
Valuation is an important part of any organization's overall financial strategy, and seemingly-small inaccuracies or incomplete assessments can have big repercussions. This book walks you through the valuation process to give you the skills and understanding you need to get it done right.
- Learn best practices from 30 field-leading experts
- Follow clear examples for complex or unfamiliar scenarios
- Access practical tools that streamline the valuation process
- Understand valuation models and real-world applications
The business valuation process can become very complex very quickly, and there's no substitute for clear guidance and a delineated framework in the run-up to completion. Get organized from the beginning, and be systematic and methodical every step of the way. Financial Valuation: Applications and Models is the all-encompassing, expert guide to business valuation projects.
Product Details
| ISBN-13: | 9781119312314 |
|---|---|
| Publisher: | Wiley |
| Publication date: | 04/19/2017 |
| Series: | Wiley Finance |
| Sold by: | JOHN WILEY & SONS |
| Format: | eBook |
| Pages: | 1296 |
| Sales rank: | 917,518 |
| File size: | 14 MB |
| Note: | This product may take a few minutes to download. |
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Table of Contents
CHAPTER 1 Introduction to Financial Valuation 1CHAPTER 2 Standards of Value 29CHAPTER 3 Research and Its Presentation 59CHAPTER 4 Financial Statement and Company Risk Analysis 77CHAPTER 5 Income Approach 117CHAPTER 6 Cost of Capital/Rates of Return 185CHAPTER 7 International Cost of Capital 271CHAPTER 8 Market Approach 291CHAPTER 9 Asset Approach 343CHAPTER 10 Valuation Discounts and Premiums 391CHAPTER 11 Report Writing 495CHAPTER 12 Business Valuation Standards 583CHAPTER 13 Valuation of Pass-Through Entities 607CHAPTER 14 Estate, Gift, and Income Tax Valuations 681CHAPTER 15 Valuation of Family Limited Partnerships 725CHAPTER 16 Summary of Tax Court Case Valuation Issues 779CHAPTER 17 Shareholder Disputes 783CHAPTER 18 Employee Stock Ownership Plans 801CHAPTER 19 Valuation in the Divorce Setting 831CHAPTER 20 Valuation Issues in Small Businesses 853CHAPTER 21 Valuation Issues in Professional Practices 867CHAPTER 22 Reasonable Compensation 889CHAPTER 23 The Valuator as Expert Witness 911CHAPTER 24 Fair Value Measurement and the Valuation of Intangible Assets 931CHAPTER 25 Marketing, Managing, and Making Money in a Valuation Services Group 1007CHAPTER 26 Business Damages 1009CHAPTER 27 Other Valuation Service Areas 1043CHAPTER 28 Valuation of Healthcare Service Businesses 1047CHAPTER 29 Determination of Compensation in the Healthcare Industry 1089CHAPTER 30 Special Industry Valuations 1099CHAPTER 31 Valuation Views and Controversial Issues: An Illustration 1179Index 1229What People are Saying About This
The book sets a fine example in technical yet readable exposition. As the text flows, it is evident [the twenty-five authors] have taken great steps toward achieving uniformity reflecting the various opinions within the profession. This goes a long way toward reinforcing proven methodologies and validating their 'real world' application. The well-thought-through categories–starting with Standards of Value–and legal insights with 'tried and true' cases reveal and attest to the depth of [the authors'] experience in business valuation and litigation consulting.
All of the topics appeal to practitioners of all levels. Value-adding 'ValTips' are quite helpful in stimulating broader consideration of each subject and elevating the reader's perspective.
This book takes the consensus of many talented appraisers and presents topics in a fashion that has not been seen before in any other valuation treatise. Many of the same old topics are presented, but this time, even I was forced to take a much closer look. This unique approach to many of these topics is a must for the well-rounded appraiser.
This is a unique publication in that it brings together twenty-five nationally recognized names in the valuation industry to provide practitioners with their consensus 'school of thought' on many commonly encountered valuation issues. The author list includes analysts from all the valuation organizations with many current or former members of the AICPA Business Valuation Subcommittee and the AICPA BV Hall of Fame. An excellent reference source for CPAs looking for guidance from some of the top valuators in the nation.
The book has a wealth of detail, practice tips, examples, and extra information, plus sections on business valuation situations not addressed elsewhere. A valuable addition to the literature of business valuation.