Valuing a Business, 5th Edition The Analysis and Appraisal of Closely Held Companies

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  • Edition: 5th
  • Format: Hardcover
  • Copyright: 2008-01-11
  • Publisher: McGraw-Hill Education
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Supplemental Materials

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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
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More than 30 percent all-new material Features new information on legal and accounting issues as well as explanations of new case law Presents new guidelines for valuing executive compensation and ESOPs

Author Biography

Shannon Pratt,C.F.A. is founder and managingdirector of Willamette Management Associates. He makes frequentappearances in the media and at industry events and conferences.

Table of Contents

State of the Profession, the Engagement, and the Basic Theoryp. 1
Business Valuation Standards and Credentialsp. 3
Defining the Assignmentp. 29
Business Valuation Theory and Principlesp. 55
Gathering and Analyzing Datap. 73
Gathering Company Datap. 75
Site Visits and Interviewsp. 91
Researching Economic and Industry Informationp. 103
Analyzing Financial Statementsp. 129
Financial Statement Ratio Analysisp. 153
Business Valuation Approaches and Methodsp. 171
Income Approach: Discounted Future Economic Income Methodp. 173
Income Approach: Capitalized Economic Income Methodp. 237
Market Approach: Guideline Publicly Traded Company Methodp. 261
Market Approach: Guideline Merged and Acquired Company Methodp. 309
The Capitalized Excess Earnings Methodp. 331
Asset-Based Approach: Asset Accumulation Methodp. 349
Discounts, Premiums, and the Value Conclusionp. 381
Control and Acquisition Premiumsp. 383
Discount for Lack of Controlp. 397
Discounts for Illiquidity and Lack of Marketabilityp. 415
Other Valuation Discountsp. 459
Valuation Synthesis and Conclusionp. 471
Writing and Reviewing Business Valuation Reportsp. 483
Writing the Business Valuation Reportp. 485
Sample Reportp. 501
Reviewing a Business Valuation Reportp. 535
Valuing Specific Securities and Interestsp. 545
Valuing Debt Securitiesp. 547
Valuing Preferred Stockp. 563
Introduction to Valuing Stock Optionsp. 585
Valuing S Corporation Stock and Interests in Other Pass-Through Entitiesp. 613
Valuations for Specific Purposesp. 625
Valuations for Gift and Estate Tax Purposesp. 627
Estate and Gift Tax Court Casesp. 661
Buy-Sell Agreementsp. 707
Valuation for Income Tax Purposesp. 723
Income Tax Court Casesp. 753
Valuations for Employee Stock Ownership Plansp. 809
ESOP Court Casesp. 837
Valuations for Ad Valorem Taxationp. 873
Dissenting Stockholder and Minority Oppression Actionsp. 905
Dissenting Stockholder and Minority Oppression Court Casesp. 915
Valuations for Marital Dissolution Purposesp. 943
Marital Dissolution Court Casesp. 963
Fair Value for Financial Reportingp. 1005
Litigation and Dispute Resolutionp. 1009
Litigation Support Servicesp. 1011
Expert Testimonyp. 1031
Arbitration and Mediationp. 1053
International Glossary of Business Valuation Termsp. 1069
Indexp. 1077
Table of Contents provided by Blackwell. All Rights Reserved.

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