The Lawyer s Business Valuation Handbook

Author: Shannon P. Pratt
Publisher: American Bar Association
ISBN: 9781570738296
Format: PDF, ePub
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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.

Financial Statement Analysis and Business Valuation for the Practical Lawyer

Author: Robert B. Dickie
Publisher: American Bar Association
ISBN: 9781590314746
Format: PDF, Mobi
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Written expressly for business lawyers, this best-selling guide takes you step-by-step through the key principles of corporate finance and accounting. This Second Edition will update the title's content and provide additions to reflect post-Enron SEC and FASB rules and new rules regarding merger and acquisition accounting.

A Reviewer s Handbook to Business Valuation

Author: L. Paul Hood, Jr.
Publisher: John Wiley & Sons
ISBN: 9781118025635
Format: PDF, ePub, Docs
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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.

Business Valuation Discounts and Premiums

Author: Shannon P. Pratt
Publisher: John Wiley & Sons
ISBN: 047037148X
Format: PDF, Mobi
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Leading authority Shannon Pratt demystifies discounts and premiums in business valuation "A must-read! Shannon Pratt continues to add to the business valuation body of knowledge." -Jay Fishman, FASA There is often more money in dispute in determining the discounts and premiums in a business valuation than in arriving at the pre-discount value itself. Discounts and premiums affect not only the value of the company, but also play a crucial role in determining the risk involved, control issues, marketability, and contingent liability, to name a few. Approaching a business valuation without a thorough understanding of all the ins and outs of discounts and premiums can cause a deal to topple like a house of cards. Business guru Shannon Pratt's critically acclaimed Business Valuation: Discounts and Premiums, Second Edition compiles all the key information practitioners need to successfully and accurately determine discounts and premiums in business valuation. Thoroughly updated throughout, this must-have tool of the trade for business appraisers, accountants, attorneys, and business owners now includes: New database chapters that help quantify the discount for lack of marketability Analysis of the most comprehensive database, with over 5,000 entries on transactions in minority interests in private company stocks prior to an IPO Scores of valuable court case citations Court cases covering divorces, gift, estate, income taxes, bankruptcies, corporate and partnership dissolutions, and ESOPs Many new, never-before-published studies providing real-world benchmarks that can be applied to the practitioner's own cases Learn how to master the complex issues of business valuation and capitalize on the numerous uses for discounts and premiums with the help of the most recognized authority on business valuation, Shannon Pratt.

Business Valuation

Author: Jeffrey M. Risius
Publisher: American Bar Association
ISBN: 9781590317464
Format: PDF, ePub
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Written by valuation experts, this guidebook will provide the fundamentals of business valuation. It will serve as a reference for lawyers who deal with business valuation and appraisal issues in their practices but with a less technical approach, which is especially helpful for professionals who do not have an in-depth financial background.

Business Valuation Body of Knowledge Workbook

Author: Shannon P. Pratt
Publisher: John Wiley & Sons
ISBN: 0471432660
Format: PDF, Docs
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Sample exam questions and updated information on the latestdevelopments in the field for valuation candidates andprofessionals Includes questions and exercises that typically appear onaccreditation exams Covers the most frequently encountered errors on reports and inexaminations 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-studyexamination A companion to Shannon Pratt’s Business Valuation Bodyof Knowledge, Second Edition or a stand-alone resource, theBusiness Valuation Body of Knowledge Workbook, SecondEdition keeps ABV, ASA, CBA, and CVA candidates and currentpractitioners up to speed on the latest developments in thisconstantly changing discipline. Order your copy today!

Business Valuation and Taxes

Author: David Laro
Publisher: John Wiley & Sons
ISBN: 0471709956
Format: PDF
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Disputes over valuation issues fill the court's dockets and forgood reason, fair market valuations are required frequently by thelaw. The authors believe that approximately 243 sections of theCode and several thousand references in the Regulations explicitlyrequire fair market value determination. Consequently, taxpayersfile an estimated 15 million tax returns each year reporting anevent involving a valuation related issue. It is no mystery,therefore, why valuation cases are ubiquitous. Today, valuation isan important and highly sophisticated process. Valuators needlegitimate guidance to perform their work. The objective of thisbook is to provide knowledge, and guidance to those who do thevaluations as well as those who are affected by them. This unprecedented text provides: Clear guidance and perspective on business valuation from twoof the nation’s top authorities, Hon. David Laro and DrShannon 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 andcritical views. The business valuer with everything from the basics to thesophisticated. From definitions to valuing complex businessinterests, what you need to know about business valuation. Everything from empirical market evidence to credible expertbusiness valuation testimony discussed and analyzed by the Hon.David Laro and Dr. Shannon Pratt.

2017 Valuation Handbook U S Guide to Cost of Capital

Author: Roger J. Grabowski
Publisher: John Wiley & Sons
ISBN: 1119367123
Format: PDF, Mobi
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Ensure that you're using the most up-to-date data available: Buy the 2017 Valuation Handbook – U.S. Guide to Cost of Capital + Quarterly PDF Updates together! The New Industry Standard in Business Valuation Reference Materials 2017 Valuation Handbook – U.S. Guide to Cost of Capital provides the key annual valuation data previously published in (i) the now discontinued Morningstar/Ibbotson SBBI Valuation Yearbook (discontinued in 2013), and (ii) the Duff & Phelps Risk Premium Report Study (no longer published as a stand-alone publication). The size premia data previously published in the SBBI Valuation Yearbook is referred to as the "CRSP Deciles Size Premia" exhibits in the new 2017 Valuation Handbook – U.S. Guide to Cost of Capital, while the size and risk premia data published in the Duff & Phelps Risk Premium Report Study has been published annually since 1996 and, like the former SBBI Valuation Yearbook, provides data and methodology that can be used to develop cost of equity capital estimates using (i) the build-up method and (ii) the capital asset pricing model (CAPM). The 2017 Valuation Handbook – U.S. Guide to Cost of Capital includes data through December 31, 2016, and is intended to be used for 2017 valuation dates. For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks. Also Available 2017 Valuation Handbook – U.S. Industry Cost of Capital 2017 Valuation Handbook – International Guide to Cost of Capital 2017 Valuation Handbook – International Industry Cost of Capital Key Features Key cost of capital inputs: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital provides the key inputs needed for developing the cost of equity capital (i.e., "discount rate") for use in estimating the value of a subject business, business ownership interest, security, or intangible asset. Inputs provided include: equity risk premia, size premia, risk premia over the risk free rate, full-information industry betas, industry risk premia, and the risk-free rate. Discussion of topics that come up most when performing valuation analysis: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital includes straightforward discussions about: (i) valuation theory, (ii) the differences between the various cost of capital estimation models (build-up, CAPM, Fama-French), (iii) understanding the basic building blocks of cost of equity capital (the risk-free rate, the equity risk premium, the size premium, beta, the industry risk premium, the company-specific risk premium), (iv) whether to "normalize" risk-free rates or not, (v) a detailed comparison of the CRSP Deciles Size Premia Study (the former SBBI Valuation Yearbook data) and the Risk Premium Report Study, and more. Easy-to-follow examples: The 2017 Valuation Handbook – U.S. Guide to Cost of Capital is packed with easy-to-understand examples for properly using the data to develop levered, unlevered, and even "high-financial-risk" cost of equity capital estimates using various build-up methods and CAPM.

Cost of Capital

Author: Shannon P. Pratt
Publisher: John Wiley & Sons
ISBN: 0470944927
Format: PDF, ePub, Docs
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Praise for Fourth Edition of Cost of Capital Workbook and Technical Supplement "Pratt and Grabowski went the extra mile to supplement their magnum opus by providing this Workbook and Technical Supplement. As a finance professor for many years, I know from experience that students and teachers really value supplements to textbooks. It allows the teacher to help the student to review and apply what was presented in the text, and the PowerPoints are a great service to teachers in course preparation. The website provides various worksheets that show the inner workings of the models. I enthusiastically recommend the Workbook and Technical Supplement to finance professors and teachers and their students. —Daniel L. McConaughy, PhD, ASA, Professor of Finance, California State University, Northridge, Valuation Services, Crowe Horwath LLP "The Workbook and Technical Supplement provides a detailed tutorial on understanding and executing the theoretical concepts explained in the Fourth Edition. This supplement is three books in one. Part One is a step-by-step tutorial on estimating certain key components of the cost of equity capital. Part Two provides a bridge between the theory and some practical applications, such as estimating the cost of capital for real property. Parts Three and Four allow the readers to test their comprehension of the concepts and identify areas for a review. It is almost as good as having Professors Pratt and Grabowski looking over your shoulder to ensure that one is both comprehending and correctly implementing the complex concepts.." —Ashok Abbott, PhD, Associate Professor of Finance, College of Business & Economics, West Virginia University "This text provides the most comprehensive coverage of cost of capital issues that I have seen to date. Messrs. Pratt and Grabowski have created a very accessible and lucid treatment of what most would consider an opaque subject. The Fourth Edition is especially important for its new topics as well as expanded coverage of concepts from earlier editions. Of particular interest is the review of the extreme market conditions during the 2008–2009 crisis and the effect that the unprecedented volatility had on traditional cost of capital models. For years, Pratt and Grabowski's research has informed the business valuation curriculum of the American Society of Appraisers. This book will be added to our reading list, and thousands of students worldwide will benefit from the state?of?the?art content of the Fourth Edition and the companion Workbook and Technical Supplement. Furthermore, Cost of Capital, Fourth Edition should be a mandatory part of every valuation practitioner's library. If you buy this book, you can expect it to become well worn and remain on your desk within arm's length until the publication of the Fifth Edition." —John Barton, ASA, CPA, Chairman, Business Valuation Committee, ASA "Cost of capital is so much more complex than it used to be. With so many additional considerations regarding each variable of the cost of capital formula, this book is a must for anyone that needs to understand or develop a discount rate. Even the most experienced practitioner will benefit from the outstanding work of Pratt and Grabowski. This book has to become part of your library." —Gary R. Trugman, CPA/ABV, MCBA, ASA, MVS, President, Trugman Valuation Associates, Inc.