LEADER 05434nam 2200661Ia 450 001 9910677595903321 005 20210712200533.0 010 $a1-119-20013-X 010 $a1-283-05264-4 010 $a9786613052643 010 $a1-118-02561-X 035 $a(CKB)2670000000078907 035 $a(EBL)700526 035 $a(OCoLC)717267069 035 $a(SSID)ssj0000472782 035 $a(PQKBManifestationID)12230253 035 $a(PQKBTitleCode)TC0000472782 035 $a(PQKBWorkID)10436179 035 $a(PQKB)10477467 035 $a(MiAaPQ)EBC700526 035 $a(CaSebORM)9781118025635 035 $a(EXLCZ)992670000000078907 100 $a20101026d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 12$aA reviewer's handbook to business valuation$b[electronic resource] $epractical guidance to the use and abuse of a business appraisal /$fL. Paul Hood, Jr., Timothy R. Lee 205 $a6th ed. 210 $aHoboken, NJ $cWiley$d2011 215 $a1 online resource (404 p.) 300 $aDescription based upon print version of record. 311 $a1-118-02563-6 311 $a0-470-60340-2 320 $aIncludes bibliographical references and index. 327 $aA Reviewer's Handbook to Business Valuation: Practical Guidance to the Use and Abuse of a Business Appraisal; Contents; Foreword; Preface; Highlights of This Book; Who Should Read This Book?; About the Book; Acknowledgments; PART I: Foundations: Valuing a Business; 1 Fundamental Concepts for Defining Value; Standard of Value; Level of Value; Premise of Value; Conclusion; 2 Defining the Engagement; The Importance of Defining the Engagement; Defining the Client; The First Call; The Subject Entity and Entity Type; Entity Distinctions and Entity Significance in the Valuation 327 $aState of Entity Organization or IncorporationPrincipal Business Location; Description of the Subject Interest; Purpose and Intended Use of the Valuation; Date of the Valuation; Scope of the Work Product; Summary Assignment Definition Table; The As-Of Date of the Appraisal and the Date of the Appraisal Report- Added Thoughts and Perspective; Conclusion; 3 Information Collection and Due Diligence; Importance of the Information Collection and Due Diligence Phase; Industry and Economic Considerations; Financial Information and Analysis; The Management Interview; Preparation 327 $aAgenda of a Typical Management InterviewConclusion; 4 An Overview of Valuation Approaches; Recognized Valuation Approaches; Methodology and Level of Value, Direct and Indirect Methodology; 5 Valuation Approaches: The Cost Approach; The Cost Approach; Typical Adjustments in the Cost Approach (Using Tangible Net Asset Value Methods); To Tax Affect or Not; 6 The Income Approach to Value; Direct Capitalization and Discrete Projection Methods; Reconciliation of Income Methods to Market Methods; Typical Adjustments to the Income Statement; Adjustments That Correspond to Balance Sheet Treatments 327 $aReconciling or Reclassifying Interim-Period Measures to Fiscal-Period MeasuresIncome Statement Adjustments and Considerations; Matching the Cost of Capital to the Benefit Stream; Developing the Cost of Capital; Summary Examples of Developing the Cost of Equity Capital; Growth Rate of Earnings/Net Cash Flow; Finishing the Direct Capitalization Equation; Developing the Single-Period Benefit (Ongoing Earnings and Ongoing Net Cash Flow) and Preparation for the Discounted Future Benefits Method; Example of a Single-Period Capitalization to Derive the Market Value of Total Invested Capital 327 $aThe Discounted Future Benefits Method (DFB)Conclusion; 7 The Market Approach; Valuation Methods under the Market Approach; Rules of Thumb; Transactions Method; Guideline Public Company Method; The Fundamental Adjustment; Guideline Transactions Method; 8 Correlation of Value; Global Considerations in the Correlation Process; Examples of Correlating a Value Indication; Conclusion; 9 Valuation Discounts and Premiums; The Levels of Value Revisited; Perspective on the Control Premium; Control Premiums-Substance Over Form; Perspective on the Minority Interest Discount; Marketability Discounts 327 $aConclusion 330 $aThorough guidance and detailed analysis of the valuation business engagement Discussing the practical aspects of business valuation that arise in the context of a tax valuation, this book provides you with detailed analysis of the valuation business engagement process. Detailed discussion is included of various cases outlining errors that appraisers have made in appraisal reports, as well as in-depth discussion of the current appraisal industry issues that are impacting tax valuations.Examines concepts and topics including level of value, the role of estate planners in the bus 606 $aBusiness enterprises$xValuation 606 $aCorporations$xValuation 615 0$aBusiness enterprises$xValuation. 615 0$aCorporations$xValuation. 676 $a658.15 676 $a658.15/22 700 $aHood$b L. Paul$cJr.,$f1960-$01339772 701 $aLee$b Timothy R$0102021 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910677595903321 996 $aA reviewer's handbook to business valuation$93061123 997 $aUNINA