Author: B Hawkins George
Publisher:
ISBN: 9780808057109
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Imagine a business where every new assignment is a unique case study in people, managment, customers, risks, and rewards. In business valuation, no two companies are alike; nor do numbers and financial statements tell the whole story. Successful business valuators have to be detectives while sifting through the details of a company, and they need a diverse knowledge of finance, economics, law, marketing, and sales to do that. They must also be able to step back and see the big picture from the viewpoint of a buyer. It is this variety, and the intellectual challenges it provides, that makes business valuation both interesting and exciting. It is a daunting challenge to find out how to get started in any new endeavor, and deciding to pursue business valuation is no exception. This guide aims to demystify the process by: - teaching the concepts as well as the practical considerations one needs to be successful, - filling the need and hunger for more how-to information, and - sharing up-to-date valuation methodologies, case law, and trends so that one may be fully conversant with clients, the courts, and the IRS. This guide also aims to help readers capitalize on the following demographic and societal forces that point to an increasing demand for valuation services. Aging population. Over the next 15 to 20 years, a massive transfer of intergenerational wealth will take place. Companies will need to be sold, turned over to management, or have their ownership transitioned through succession or estate planning. High divorce rates. High divorce rates are leading to a greater need for valuation services since the wealth in a closely held business is often the largest marital asset. High growth rate of small businesses. Small business creation has accelerated, leading to more sales, shareholder disputes, estate planning needs--and valuations. Increasing litigation. Increasing litigation due to divorces and estate taxation also fosters an increasing demand for business valuations. IRS challenges and contract work. The IRS is taking an increasingly aggressive role in challenging estate and gift tax valuations, particularly those that are poorly prepared. The IRS is also accelerating its practice of contracting valuation work to outside practitioners. The following two professions are increasingly involved in the business valuation field and can quickly benefit from a further understanding of its issues. Certified Public Accountants (CPAs). CPAs are rapidly trying to diversify practice sources of revenues beyond traditional audit and tax services, which are now priced like commodities. They are moving quickly to provide a variety of consulting services, business valuation being one of them. While divorce valuations have traditionally been the focus of CPAs preparing business appraisals, the involvement of CPAs in valuations for other purposes is growing. Attorneys. Attorneys increasingly need to understand business valuation methodologies and be able to critique valuation reports. In estate planning, business valuation is the issue, and attorneys cannot rely on the business valuator alone. In an estate or gift tax valuation dispute where large dollars are potentially at stake, attorneys must understand and be able to articulate valuation issues because usually they alone must meet with the IRS examiner or appeals officer. Similarly, family law attorneys must be able to articulate valuation concepts to successfully cross examine an opposing valuation expert. In the corporate realm, an attorney's clients have to grapple with valuation issues related to buy-sell agreements, shareholder disputes, mergers and acquisitions, and the establishment of employee stock ownership plans, to name just a few.
Author: L. Paul Hood, Jr.
Publisher: John Wiley & Sons
ISBN: 1118025636
Category : Business & Economics
Languages : en
Pages : 416
Get Book Here
Book Description
Thorough 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 business valuation process, the use of appraisers in estate planning and litigation, and the appraiser identification/selection process Provides insight into the nature of the major appraisal trade associations Offers insights into preventing errors from getting into appraisal reports This helpful guide provides you with the detailed discussion you need on the various business valuation standards that have been promulgated by the Appraisal Standards Board as well as several appraisal trade associations.
Author: Gary R. Trugman
Publisher: John Wiley & Sons
ISBN: 1945498315
Category : Business & Economics
Languages : en
Pages : 1936
Get Book Here
Book Description
This fifth edition simplifies a technical and complex area of practice with real-world experience and examples. Expert author Gary Trugman's informal, easy-to-read style, covers all the bases in the various valuation approaches, methods, and techniques. Author note boxes throughout the publication draw on Trugman's veteran, practical experience to identify critical points in the content. Suitable for all experience levels, you will find valuable information that will improve and fine-tune your everyday activities.
Author: George B Hawkins
Publisher:
ISBN: 9780808054955
Category :
Languages : en
Pages :
Get Book Here
Book Description
Imagine a business where every new assignment is a unique case study in people, managment, customers, risks, and rewards. In business valuation, no two companies are alike; nor do numbers and financial statements tell the whole story. Successful business valuators have to be detectives while sifting through the details of a company, and they need a diverse knowledge of finance, economics, law, marketing, and sales to do that. They must also be able to step back and see the big picture from the viewpoint of a buyer. It is this variety, and the intellectual challenges it provides, that makes business valuation both interesting and exciting.
Author: Shannon P. Pratt
Publisher: American Bar Association
ISBN: 9781570738296
Category : Business & Economics
Languages : en
Pages : 522
Get Book Here
Book Description
This is a practical guide that will help lawyers and judges assess the qualifications of a business appraiser and the reliability of the information presented, and will enable them to work with valuation issues more efficiently and effectively.
Author: Roger J. Grabowski
Publisher: John Wiley & Sons
ISBN: 1119445957
Category : Business & Economics
Languages : en
Pages : 257
Get Book Here
Book Description
The Valuation Handbook – U.S. Guide to Cost of Capital, 2005 Essentials Edition includes two sets of valuation data: Data previously published in the 2005 Duff & Phelps Risk Premium Report Data previously published in the Morningstar/Ibbotson 2005 Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook The Valuation Handbook – 2005 U.S. Essentials Edition includes data through December 31, 2004, and is intended to be used for 2005 valuation dates. The Valuation Handbook – U.S. Guide to Cost of Capital, Essentials Editions are designed to function as historical archives of the two sets of valuation data previously published annually in: The Morningstar/Ibbotson Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook from 1999 through 2013 The Duff & Phelps Risk Premium Report from 1999 through 2013 The Duff & Phelps Valuation Handbook – U.S. Guide to Cost of Capital from 2014 The Valuation Handbook – U.S. Essentials Editions are ideal for valuation analysts needing "historical" valuation data for use in: The preparation of carve-out historical financial statements, in cases where historical goodwill impairment testing is necessary Valuing legal entities as of vintage date for tax litigation related to a prior corporate restructuring Tax litigation related to historical transfer pricing policies, etc. The Valuation Handbook – U.S. Essentials Editions are also designed to serve the needs of: Corporate finance officers for pricing or evaluating mergers and acquisitions, raising private or public equity, property taxation, and stakeholder disputes Corporate officers for the evaluation of investments for capital budgeting decisions Investment bankers for pricing public offerings, mergers and acquisitions, and private equity financing CPAs who deal with either valuation for financial reporting or client valuations issues Judges and attorneys who deal with valuation issues in mergers and acquisitions, shareholder and partner disputes, damage cases, solvency cases, bankruptcy reorganizations, property taxes, rate setting, transfer pricing, and financial reporting For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.
Author: George B. Hawkins
Publisher:
ISBN: 9780808002703
Category : Business enterprises
Languages : en
Pages :
Get Book Here
Book Description
Author: McKinsey & Company Inc.
Publisher: John Wiley & Sons
ISBN: 0470889934
Category : Business & Economics
Languages : en
Pages : 860
Get Book Here
Book Description
The number one guide to corporate valuation is back and better than ever Thoroughly revised and expanded to reflect business conditions in today's volatile global economy, Valuation, Fifth Edition continues the tradition of its bestselling predecessors by providing up-to-date insights and practical advice on how to create, manage, and measure the value of an organization. Along with all new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect new developments in corporate finance, changes in accounting rules, and an enhanced global perspective. Valuation, Fifth Edition is filled with expert guidance that managers at all levels, investors, and students can use to enhance their understanding of this important discipline. Contains strategies for multi-business valuation and valuation for corporate restructuring, mergers, and acquisitions Addresses how you can interpret the results of a valuation in light of a company's competitive situation Also available: a book plus CD-ROM package (978-0-470-42469-8) as well as a stand-alone CD-ROM (978-0-470-42457-7) containing an interactive valuation DCF model Valuation, Fifth Edition stands alone in this field with its reputation of quality and consistency. If you want to hone your valuation skills today and improve them for years to come, look no further than this book.
Author: David Laro
Publisher: John Wiley & Sons
ISBN: 0471709956
Category : Business & Economics
Languages : en
Pages : 482
Get Book Here
Book Description
Disputes over valuation issues fill the court's dockets and for good reason, fair market valuations are required frequently by the law. The authors believe that approximately 243 sections of the Code and several thousand references in the Regulations explicitly require fair market value determination. Consequently, taxpayers file an estimated 15 million tax returns each year reporting an event involving a valuation related issue. It is no mystery, therefore, why valuation cases are ubiquitous. Today, valuation is an important and highly sophisticated process. Valuators need legitimate guidance to perform their work. The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them. This unprecedented text provides: Clear guidance and perspective on business valuation from two of the nation’s top authorities, Hon. David Laro and Dr Shannon Pratt. Insightful perspective and discussion on critical issues, procedures and law pertaining to business valuation. An overview of business valuation procedures Law and techniques of Fair Market Value Opinion from the Hon. David Laro and Dr. Shannon Pratt who express their unique and critical views. The business valuer with everything from the basics to the sophisticated. From definitions to valuing complex business interests, what you need to know about business valuation. Everything from empirical market evidence to credible expert business valuation testimony discussed and analyzed by the Hon. David Laro and Dr. Shannon Pratt.
Author: Haleo Corporation
Publisher:
ISBN: 9780982908761
Category :
Languages : en
Pages :
Get Book Here
Book Description
ValuAdder business valuation handbook for private company valuation. Includes the Valuation Guide, Method Tutorials, best practices, examples, a Glossary of valuation terms.
