Book description
The resource that cuts the learning curve in half for valuation professionals
Now valuation professionals can master almost every function for most valuation situations. The Financial Valuation Workbook, Third Edition guides readers through a complete business valuation with essential tools for quick reference.
Updated and expanded chapter on The Process of Preparing a Valuation- Client Workflow Procedures from initial phone call to delivery of the report
Expanded case study and exercises with solutions and explanations
Over 300 exercises organized by major areas to increase the learning process
This Workbook is organized by standard, easily identifiable sections that allow for easy reference by all professionals.
Table of contents
- Cover
- Series
- Title Page
- Copyright
- Dedication
- About the Authors
- Acknowledgments
- Preface
-
Chapter 1: Valuation Case Study Exercises
- INTRODUCTION
- THE VALUATION REPORT
- INTRODUCTION
- NATIONAL ECONOMIC OUTLOOK 15
- REGIONAL ECONOMIC DATA (AS OF DECEMBER 8, 20×5)17
- LOCAL ECONOMY
- INDUSTRY OUTLOOK: WATER AND SEWER SYSTEMS 18
- HISTORICAL FINANCIAL ANALYSIS AND OVERVIEW OF THE COMPANY
- VALUATION AT FAIR MARKET VALUE
- LACK OF MARKETABILITY DISCOUNT
- RECONCILIATION OF VALUES
- TOTAL CONCLUSION OF VALUE ON A MARKETABLE, CONTROL INTEREST BASIS
- ADDENDUM: DISCOUNT CASE STUDY EXERCISES
- Chapter 2: Valuation Case Study Exercises: Solutions and Explanations
-
Chapter 3: Financial Valuation: Applications and Models Companion Exercises and Test Questions
- CHAPTER 1: INTRODUCTION TO FINANCIAL VALUATION
- CHAPTER 2: STANDARDS OF VALUE
- CHAPTER 3: RESEARCH AND ITS PRESENTATION
- CHAPTER 4: FINANCIAL STATEMENT AND COMPANY RISK ANALYSIS
- CHAPTER 5: INCOME APPROACH
- CHAPTER 6: COST OF CAPITAL/RATES OF RETURN
- CHAPTER 7: MARKET APPROACH
- CHAPTER 8: ASSET APPROACH
- CHAPTER 9: VALUATION DISCOUNTS AND PREMIUMS
- CHAPTER 10: REPORT WRITING
- CHAPTER 11: BUSINESS VALUATION STANDARDS
- CHAPTER 12: VALUATION OF PASS-THROUGH ENTITIES
- CHAPTER 24D: VALUATION ISSUES IN PREFERRED STOCK
- CHAPTER 24E: RESTRICTED STOCK VALUATION
- CHAPTER 24G: VALUATION ISSUES RELATED TO STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION
- CHAPTER 13: ESTATE, GIFT, AND INCOME TAX VALUATIONS
- CHAPTER 14: VALUATION OF FAMILY LIMITED PARTNERSHIPS
- CHAPTER 24B: VALUATION ISSUES IN BUY-SELL AGREEMENTS
- CHAPTER 16: SHAREHOLDER DISPUTES
- CHAPTER 17: EMPLOYEE STOCK OWNERSHIP PLANS
- CHAPTER 18: VALUATION IN THE DIVORCE SETTING
- CHAPTER 19: VALUATION ISSUES IN SMALL BUSINESSES
- CHAPTER 20: VALUATION ISSUES IN PROFESSIONAL PRACTICES
- CHAPTER 21: VALUATION OF INTANGIBLE ASSETS
- CHAPTER 1: INTRODUCTION TO FINANCIAL VALUATION
- CHAPTER 2: STANDARDS OF VALUE
- CHAPTER 3: RESEARCH AND ITS PRESENTATION
- CHAPTER 4: FINANCIAL STATEMENT AND COMPANY RISK ANALYSIS
- CHAPTER 5: INCOME APPROACH
- CHAPTER 6: COST OF CAPITAL/RATES OF RETURN
- CHAPTER 7: MARKET APPROACH
- CHAPTER 8: ASSET APPROACH
- CHAPTER 9: VALUATION DISCOUNTS AND PREMIUMS
- CHAPTER 10: REPORT WRITING
- CHAPTER 11: BUSINESS VALUATION STANDARDS
- CHAPTER 12: VALUATION OF PASS-THROUGH ENTITIES
- CHAPTER 24D: VALUATION ISSUES IN PREFERRED STOCK
- CHAPTER 24E: RESTRICTED STOCK VALUATION
- CHAPTER 24G: STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION
- CHAPTER 13: ESTATE, GIFT, AND INCOME TAX VALUATIONS
- CHAPTER 14: VALUATION OF FAMILY LIMITED PARTNERSHIPS
- CHAPTER 24B: VALUATION ISSUES IN BUY-SELL AGREEMENTS
- CHAPTER 16: SHAREHOLDER DISPUTES
- CHAPTER 17: EMPLOYEE STOCK OWNERSHIP PLANS
- CHAPTER 18: VALUATION IN THE DIVORCE SETTING
- CHAPTER 19: VALUATION ISSUES IN SMALL BUSINESSES
- CHAPTER 20: VALUATION ISSUES IN PROFESSIONAL PRACTICES
- CHAPTER 21: VALUATION OF INTANGIBLE ASSETS
-
Chapter 4: ValTips
- INTRODUCTION
- CHAPTER 1: INTRODUCTION TO FINANCIAL VALUATION
- CHAPTER 2: STANDARDS OF VALUE
- CHAPTER 3: RESEARCH AND ITS PRESENTATION
- CHAPTER 4: FINANCIAL STATEMENT AND COMPANY RISK ANALYSIS
- CHAPTER 5: INCOME APPROACH
- CHAPTER 6: COST OF CAPITAL/RATES OF RETURN
- CHAPTER 7: MARKET APPROACH
- CHAPTER 8: ASSET APPROACH
- CHAPTER 9: VALUATION DISCOUNTS AND PREMIUMS
- CHAPTER 10: REPORT WRITING
- CHAPTER 11: BUSINESS VALUATION STANDARDS
- CHAPTER 12: VALUATION OF PASS-THROUGH ENTITIES
- CHAPTER 13: ESTATE, GIFT, AND INCOME TAX VALUATIONS
- CHAPTER 14: VALUATION OF FAMILY LIMITED PARTNERSHIPS
- CHAPTER 16: SHAREHOLDER DISPUTES
- CHAPTER 18: VALUATION IN THE DIVORCE SETTING
- CHAPTER 19: VALUATION ISSUES IN SMALL BUSINESSES
- CHAPTER 20: VALUATION ISSUES IN PROFESSIONAL PRACTICES
- CHAPTER 21: VALUATION OF INTANGIBLE ASSETS
- CHAPTER 22: MARKETING, MANAGING, AND MAKING MONEY IN A VALUATION SERVICES GROUP
- CHAPTER 23: BUSINESS DAMAGES
- CHAPTER 24: OTHER VALUATION SERVICES AREAS
- CHAPTER 25: VALUATION OF HEALTHCARE SERVICE BUSINESSES
- CHAPTER 26: SPECIAL INDUSTRY VALUATIONS
- Chapter 5: Income Approach Valuation Process Flowchart
-
Chapter 6: Marketing, Managing, and Making Money in Valuation Services
- SMART “MULTI-MARKETING”: HOW TO LEVERAGE YOUR EFFORTS—SELLING AND NETWORKING BEYOND ONE ON ONE
- RISK MANAGEMENT: ENGAGEMENT LETTERS, REPORTS, AND TURNING DOWN WORK
- ENGAGEMENT LETTER AND REPORT LANGUAGE EXAMPLES
- ASSUMPTIONS AND LIMITING CONDITIONS EXAMPLES
- KEEPING UP TECHNICALLY
- PRACTICE BENCHMARKS FOR PRODUCTIVITY, BILLINGS, REALIZATION, AND THE BOTTOM LINE
- FINDING, TRAINING, AND RETAINING THE RIGHT STAFF FOR YOUR PRACTICE
- DELEGATE LITIGATION ENGAGEMENTS TO STAFF
- APPENDIX 6.1: SAMPLE GIBRALTAR E-FLASH COVER SHEET
- APPENDIX 6.2: SAMPLE GIBRALTAR E-FLASH
- APPENDIX 6.3: SAMPLE CONTROL SHEET
- Chapter 7: Practice Management Workflow Procedures
-
Chapter 8: Checklists
- Checklist 8.1: Business Valuation or Real Estate Appraisal?
- Checklist 8.2: Key Information Requirements
- Checklist 8.3: Valuation Information Request (VIR) General
- Checklist 8.4: Valuation Information Request (VIR) Bank/Holding Company
- Checklist 8.5: Valuation Information Request (VIR) Eminent Domain
- Checklist 8.6: Valuation Information Request (VIR)Gas and Oil Rights
- Checklist 8.7: Valuation Information Request (VIR) High-Tech Business
- Checklist 8.8: Valuation Information Request (VIR) Professional Practice
- Checklist 8.9: Valuation Information Request (VIR) Medical Practice
- Checklist 8.10: Valuation Information Request (VIR) Construction Industry
- Checklist 8.11: Management Interview—Operations
- Checklist 8.12: Management Interview—Financial Review
- Checklist 8.13: Management Interview—Insurance Agency
- Checklist 8.14: Management Interview—Professional Practice
- Checklist 8.15: Management Interview—Medical Practice
- Checklist 8.16: Management Interview—Construction Industry
- Checklist 8.17: Valuation Information Request (VIR) Copyrights
- Checklist 8.18: Valuation Information Request (VIR) Customer Relationships
- Checklist 8.19: Valuation Information Request (VIR)In-Process Research and Development
- Checklist 8.20: Valuation Information Request (VIR) Know-How
- Checklist 8.21: Valuation Information Request (VIR) Patents
- Checklist 8.22: Valuation Information Request (VIR) Software
- Checklist 8.23: Valuation Information Request (VIR) Proprietary Process/Products Technology
- Checklist 8.24: Valuation Information Request (VIR) Trademark/Trade Name
- Checklist 8.25: Procedures for the Valuation of Intangible Assets
- Checklist 8.26: Royalty Factors
- Checklist 8.27: Management Interview—Patent Valuation
- Checklist 8.28: Revenue Ruling 59-60
- Checklist 8.29: Revenue Ruling 77-287: Valuation Checklist
- Checklist 8.30: Revenue Ruling 93-12: Valuation Checklist
- Checklist 8.31: Work Program
- Checklist 8.32: SSVS No. 1 Compliance Checklist— Valuation Engagement
- Checklist 8.33: SSVS No. 1 Compliance Checklist—Detailed Report (Valuation Engagement)
- Checklist 8.34: Review Checklist—Eminent Domain
- Checklist 8.35: Non-Appraiser’s Guide to Reviewing Business Valuation Reports
- Checklist 8.36: Auditor Review of Valuation for Financial Reporting
- Checklist 8.37: Fair Value Measurement Checklist
- Checklist 8.38: Fair Value Measurement Conclusions
- Index
Product information
- Title: Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation, 3rd Edition
- Author(s):
- Release date: April 2011
- Publisher(s): Wiley
- ISBN: 9780470506882
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