Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation

Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation

by James R. Hitchner
Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation

Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation

by James R. Hitchner

Paperback(Fourth Edition)

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Overview

Practical valuation exercises with real-world application and expert insight

Financial Valuation Workbook cuts the learning curve in half, with practical training for use with any valuation textbook. Packed with tools, resources, and over 300 exercises, this book helps novices get a handle on the complex valuation process, while helping more experienced practitioners organize their engagements. Checklists, flowcharts, reports, information requests, and other resources help streamline the workflow and ensure thorough review, while in-depth coverage places the complexities of the field front-and-center. This new fourth edition features a brand new expanded case study for real-world insight, accompanied by exercises with explanations that deepen the learning process. Expert tips are highlighted throughout to provide additional insight in specific situations, and exercises from basic to advanced map to established training processes.

Valuation is as an art, as well as a science, and simply reading a textbook only goes halfway toward true learning—applying what you learn is critical. This book provides hands-on practice alongside useful tools and valuable insight to help solidify your understanding of the many facets of this complex field.

  • Delve into the intricacies of valuation with a new expanded case study and expert tips
  • Follow checklists and flowcharts for each phase of the valuation process
  • Use reports, information requests, and other tools that help organize your workflow
  • Test your understanding with over 300 exercises organized by major area

Organized into standard, recognized, and easily identified sections that lend themselves to quick refreshers as well as start-to-finish study, this book is a truly useful resource for beginner and veteran alike. Whether you're learning valuation for the first time or simply need guidance on an unfamiliar situation, Financial Valuation Workbook provides a key resource for any business valuation professional.


Product Details

ISBN-13: 9781119312345
Publisher: Wiley
Publication date: 05/01/2017
Series: Wiley Finance
Edition description: Fourth Edition
Pages: 480
Product dimensions: 7.00(w) x 9.90(h) x 1.40(d)

About the Author

JAMES R. HITCHNER, CPA/ABV/CFF, ASA, is managing director of Financial Valuation Advisors, president of The Financial Consulting Group, CEO of Valuation Products and Services, and editor in chief of Financial Valuation and Litigation Expert.

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Table of Contents

Preface ix

Acknowledgments xi

About the Author xiii

Chapter 1 Valuation Case Study Exercises 1

1.14 Addendum: Discount Case Study Exercises 91

Chapter 2 Valuation Case Study Exercises: Solutions and Explanations 95

2.1 Addendum: Discount Case Study Exercises 131

Chapter 3 Financial Valuation Applications and Models Companion Exercises and Test Questions 133

Answer Grid 178

Chapter 4 ValTips 189

Chapter 5 Income Approach Valuation Process Flowchart 233

Chapter 6 Marketing, Managing, and Making Money in Valuation Services 243

Chapter 7 Practice Management Workflow Procedures 269

Chapter 8 Checklists 323

8.1 Business Valuation or Real Estate Appraisal?

8.2 Key Information Requirements

8.3 Industry Research Form

8.4 IRS BV Guidelines Checklist, Internal Revenue Service, Engineering Program, Business Valuation Guidelines 4.48.4

8.5 Valuation Information Request (VIR) General

8.6 Valuation Information Request (VIR) Bank/Holding Company

8.7 Valuation Information Request (VIR) Eminent Domain

8.8 Valuation Information Request (VIR) Gas and Oil Rights

8.9 Valuation Information Request (VIR) High-Tech Business

8.10 Valuation Information Request (VIR) Professional Practice

8.11 Valuation Information Request (VIR) Medical Practice

8.12 Valuation Information Request (VIR) Construction Industry

8.13 Management Interview—Operations

8.14 Management Interview—Financial Review

8.15 Management Interview—Insurance Agency

8.16 Management Interview—Professional Practice

8.17 Management Interview—Medical Practice

8.18 Management Interview—Construction Industry

8.19 Management Interview—Law Practice

8.20 Management Interview—Accounting Practice

8.21 Valuation Information Request (VIR) Copyrights

8.22 Valuation Information Request (VIR) Customer Relationships

8.23 Valuation Information Request (VIR) In-Process Research and Development

8.24 Valuation Information Request (VIR) Know-How

8.25 Valuation Information Request (VIR) Patents

8.26 Valuation Information Request (VIR) Software

8.27 Valuation Information Request (VIR) Proprietary Process/Products Technology

8.28 Valuation Information Request (VIR) Trademark/Trade Name

8.29 Procedures for the Valuation of Intangible Assets

8.30 Royalty Factors

8.31 Management Interview—Patent Valuation

8.32 Management Interview—Reasonable Compensation

8.33 Reasonable Compensation: Additional Discussion Questions

8.34 Revenue Ruling 59-60: Valuation Checklist

8.35 Revenue Ruling 77-287: Valuation Checklist

8.36 Revenue Ruling 93-12: Valuation Checklist

8.39 SSVS VS Section 100 Compliance Checklist—Detailed Report (Valuation Engagement)

8.40 Review Checklist—Eminent Domain

8.41 Non-Appraiser’s Guide to Reviewing Business Valuation Reports

8.42 Auditor Review of Valuation for Financial Reporting

8.43 Fair Value Measurement Checklist

About the Website 445

Index 447

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