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.
By:
James R. Hitchner,
Michael J. Mard
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Edition: 4th edition
Dimensions:
Height: 246mm,
Width: 173mm,
Spine: 33mm
Weight: 726g
ISBN: 9781119312345
ISBN 10: 1119312345
Series: Wiley Finance
Pages: 480
Publication Date: 25 April 2017
Audience:
General/trade
,
ELT Advanced
Replaced By: 9781119880974
Format: Paperback
Publisher's Status: Active
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
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.
