Business Valuation Body of Knowledge Workbook

by Pratt, Shannon P.

• ISBN13: 9780471270669
• ISBN10: 0471270660
• Edition: 2nd
• Format: Paperback
• Copyright: 2003-01-30
• Publisher: Wiley

Summary

Sample exam questions and updated information on the latest developments in the field for valuation candidates and professionals Includes questions and exercises that typically appear on accreditation exams Covers the most frequently encountered errors on reports and in examinations Reflects the latest business valuation developments, viewpoints, court case references, and data resources Contains hundreds of multiple-choice and true/false questions, short problems, and fill-in-the-blank questions Includes eight hours of CPE credit through a self-study examination A companion to Shannon Pratt's Business Valuation Body of Knowledge, Second Edition or a stand-alone resource, the Business Valuation Body of Knowledge Workbook, Second Edition keeps ABV, ASA, CBA, and CVA candidates and current practitioners up to speed on the latest developments in this constantly changing discipline.Order your copy today!

Author Biography

SHANNON P. PRATT, CFA, FASA, MCBA, is a founder and Managing Director of Willamette Management Associates, one of the oldest and largest independent valuation consulting, economic analysis, and financial advisory firms, with offices in principal cities across the United States. Over a distinguished career of more than three decades, he has performed valuation engagements for M&A, ESOPs, and numerous other purposes. He has testified in a wide variety of federal and state courts across the country and frequently participates in arbitration and mediation proceedings. Dr. Pratt is one of the most successful and respected authors in his field. He is coauthor of several industry standards, including Valuing a Business: The Analysis and Appraisal of Closely Held Companies, Valuing Small Businesses and Professional Practices, The Market Approach to Valuing Businesses, and Cost of Capital. He is also Editor in Chief of Shannon Pratt’s Business Valuation Update®, the premier monthly newsletter in the field of business valuation.

Table of Contents

Preface.

Acknowledgments.

Basic Formulas.

Section One: Questions.

PART I: BUSINESS VALUATION ENGAGEMENT ENVIRONMENT.

Business Valuation Legal and Regulatory Environment.

Business Valuation Professional Environment.

Business Valuation Engagement.

Litigation Service Engagements.

PART II: TERMINOLOGY AND NOTATION.

International Glossary of Business Valuation Terms.

Notation System Used in This Book.

PART III: VALUATION APPROACHES AND METHODS.

Overview of Valuation Approaches and Methods.

Income Approach: Cost of Capital.

Income Approach: Discounting Method.

Income Approach: Capitalization Method.

Market Approach: Guideline Public Company Method.

Market Approach: Guideline Merger and Acquisition Method.

Prior Transactions, Offers, and Buy-Sell Agreements.

Adjusted Net Asset Method.

Excess Earnings Method.

Discounts and Premiums.

Reconciliation and Value Conclusion.

PART IV: ANALYSIS OF THE COMPANY.

Financial Statement Analysis.

Using Economic and Industry Data.

Site Visits and Interviews.

PART V: SUPPORTING DATA.

Sources of Supporting Data.

PART VI: VALUATIONS FOR SPECIFIC PURPOSES.

Tax-Related Valuations.

Employee Stock Ownership Plans.

Shareholder Buyouts and Disputes.

Marital Dissolutions.

Section 2: Answers.

PART I: Business Valuation Engagement Environment.

Business Valuation Legal and Regulatory Environment.

Business Valuation Professional Environment.

Business Valuation Engagement.

Litigation Service Engagements.

PART II: Terminology and Notation.

International Glossary of Business Valuation Terms.

Notation System Used in This Book.

PART III: VALUATION APPROACHES AND METHODS.

Overview of Valuation Approaches and Methods.

Income Approach: Cost of Capital.

Income Approach : Discounting Method.

Income Approach: Capitalization Method.

Market Approach: Guideline Public Company Method.

Market Approach : Guideline Merger and Acquisition Method.

Prior Transactions, Offers, and Buy-Sell Agreements.

Adjusted Net Asset Method.

Excess Earnings Method.

Discounts and Premiums.

Reconciliation and Value Conclusion.

PART IV: ANALYSIS OF THE COMPANY.

Financial Statement Analysis.

Using Economic and Industry Data.

Site Visits and Interviews.

PART V: SUPPORTING DATA.

Sources of Supporting Data.

PART VI: VALUATIONS FOR SPECIFIC PURPOSES.

Tax-related Valuations.

Employee Stock Ownership Plans.

Shareholder Buyouts and Disputes.

Marital Dissolutions.

CPE Self-Study Examination.

Index.