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Financial Valuation - James R. Hitchner

Financial Valuation

Applications and Models, Book + Website
Buch | Hardcover
1520 Seiten
2024 | 5th edition
John Wiley & Sons Inc (Verlag)
978-1-119-88093-6 (ISBN)
CHF 219,95 inkl. MwSt
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A comprehensive guide to the theory and application of valuation, along with useful models, tools, and tips for analysts

Financial Valuation: Applications and Models provides authoritative reference and practical guidance on the appropriate, defensible way to prepare and present business valuations. With contributions by 30 top experts in the field, this updated edition provides an essential resource for those seeking the most up-to-date methods, with a strong emphasis on applications and models. Coverage includes the latest approaches to the valuation of closely held businesses, nonpublic entities, intangibles, and other assets, with comprehensive discussion on valuation theory, a consensus view on application, and the tools to make it happen.

This 5th edition has been revised throughout, introducing new and extended coverage of essential topics like: S Corps, discounts for lack of marketability, cost of capital resources, cash flow methods, depositions and trials, and more. Packed with examples, checklists, and models to help navigate valuation projects, this book is an excellent practical tool for working professionals. It also provides hundreds of expert tips and best practices in clear, easy-to-follow language. The companion website provides access to extensive appendix materials, and the perspectives of valuation thought leaders add critical insight.



Learn the art and science of estimating the value of businesses, including closely held businesses and nonpublic entities
Determine the monetary value of intangible assets like goodwill, intellectual property, and brand recognition
Update your knowledge with the latest valuation methods, approaches, and tools
Use checklists, templates, models, and examples to make your valuations easier

Business valuation analysts, CPAs, appraisers, and attorneys—as well as anyone aspiring to those careers—will appreciate the comprehensive theory and thorough practical guidance in Financial Valuation: Applications and Models.

JAMES R. HITCHNER, CPA/ABV/CFF, is Managing Director of Financial Valuation Advisors, President of the Financial Consulting Group, CEO of Valuation Products and Services, and Editor-in-Chief of Hardball with HITCHNER. He has been court-qualified as an expert witness on the subject of business valuations and has 44 years of experience in the valuation field.

About the Editor xvii

About the Authors xix

Acknowledgments xxxv

Preface xxxvii

CHAPTER 1 Introduction to Financial Valuation 1

CHAPTER 2 Standards of Value 131

CHAPTER 3 Research and Its Presentation 163

CHAPTER 4 Financial Statement and Company Risk Analysis 181

CHAPTER 5 Income Approach 219

CHAPTER 6 Cost of Capital/Rates of Return 291

CHAPTER 7 International Cost of Capital 377

CHAPTER 8 Market Approach 403

CHAPTER 9 Asset Approach 455

CHAPTER 10 Valuation Discounts and Premiums 507

CHAPTER 11 Addendum--Sample Valuation Report 617

CHAPTER 12 Business Valuation Standards 709

CHAPTER 13 Valuation of Pass-Through Entities 737

CHAPTER 14 Estate, Gift, and Income Tax Valuations 777

CHAPTER 15 Valuation of Family Limited Partnerships 821

CHAPTER 16 Summary of Tax Court Case Valuation Issues 877

CHAPTER 17 Shareholder Disputes 881

CHAPTER 18 Employee Stock Ownership Plans 915

CHAPTER 19 Valuation in the Divorce Setting 951

CHAPTER 20 Valuation Issues in Small Businesses 977

CHAPTER 21 Valuation Issues in Professional Practices 993

CHAPTER 22 Reasonable Compensation 1015

CHAPTER 23 The Valuator as Expert Witness 1039

CHAPTER 24 Fair Value Measurement and the Valuation of Intangible Assets 1059

CHAPTER 25 Marketing, Managing, and Making Money in a Valuation Services Group 1139

CHAPTER 26 Business Damages 1141

CHAPTER 27 Other Valuation Service Areas 1175

CHAPTER 28 Valuation of Healthcare Service Businesses 1181

CHAPTER 29 Determination of Compensation in the Healthcare Industry 1235

CHAPTER 30 Special Industry Valuations 1245

CHAPTER 31 Buy-Sell Agreements 1303

CHAPTER 32 Valuation Views and Controversial Issues: an Illustration 1335

About the Website 1453

Index 1457

Erscheint lt. Verlag 26.11.2024
Reihe/Serie Wiley Finance
Verlagsort New York
Sprache englisch
Maße 178 x 257 mm
Gewicht 2427 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Allgemeines / Lexika
Wirtschaft Betriebswirtschaft / Management Finanzierung
ISBN-10 1-119-88093-9 / 1119880939
ISBN-13 978-1-119-88093-6 / 9781119880936
Zustand Neuware
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