Financial Valuation Workbook

A complete toolkit for financial valuators to help keep their engagements on-track and on-timeIn the newly revised fifth edition of Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation, veteran valuation expert James R. Hitchner delivers a comprehensive collection of checklists, reports, information request templates, and other tools designed to assist valuation practitioners in the organization of their engagements. In the book, you'll find intuitively organized materials that cut the learning curve for newly minted valuation professionals in half.The tools contained within follow the standard valuation engagement format and track the intricacies of the typical valuation assignment. Over 300 exercises-organized by major subject-are included to assist with the learning process. You'll also find: Updated sections on S-corps, discounts for lack of marketability, and cost of capital resources and applications Report writing aids, discussions of individual vs. corporate tax rates, and guides for engaging in depositions and trials as an expert witness Materials designed to assist with the difference between capitalized cash flow and discounted cash flow methods Perfect for business valuation analysts and expert witnesses, Certified Public Accountants, and appraisers, the Financial Valuation Workbook will also be an indispensable resource for attorneys working with financial valuation experts as they aim to keep their engagements on-track, on-time, and on-budget.

Auteur

JAMES R. HITCHNER, CPA/ABV, 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. He has been a qualified expert witness on valuations in both state and federal courts.

Texte du rabat

HANDS-ON TOOLS, EXERCISES, AND TESTS TO CUT THE LEARNING CURVE OF FINANCIAL VALUATION IN HALF In Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation, veteran valuation expert and renowned industry thought leader James R. Hitchner delivers numerous checklists, reports, information requests, and other tools to assist valuation practitioners in organizing their engagements, along with over 300 easy-to-understand exercises and tests, organized by major subject, to assist with the learning process. This workbook is a comprehensive standalone learning aid that can be used in conjunction with all general valuation books. This workbook explores a wealth of key topics including rates of return, the capitalized cash flow method of the income approach, and the guideline company transaction and guideline public company methods of the market approach. This newly revised fifth edition features updated sections on S Corps, discounts for lack of marketability, cost of capital resources and applications, report writing, individual versus corporate tax rates, depositions and trials, and capitalized cash flow versus discounted cash flow methods. Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation earns a well-deserved spot on the bookshelves of appraisers, business brokers, certified public accountants, investment advisors, and all other financial evaluation professionals seeking to keep their engagements on-track, on-time, and on-budget.

Contenu

Preface ix

Acknowledgments xi

About the Author xiii

CHAPTER 1 Valuation Case Study Exercises 1

1.14 Addendum: Discount Case Study Exercises 90

CHAPTER 2 Valuation Case Study Exercises: Solutions and Explanations 93

2.1 Addendum: Discount Case Study Exercises 127

CHAPTER 3 Financial Valuation Applications and Models Companion Exercises and Test Questions 129

Answer Grid 173

CHAPTER 4 ValTips 183

CHAPTER 5 Income Approach Valuation Process Flowchart 223

CHAPTER 6 Marketing, Managing, and Making Money in Valuation Services 233

CHAPTER 7 Practice Management Workflow Procedures 259

CHAPTER 8 Checklists 313

About the Website 435

Index 437