The Lawyer's Business Valuation Handbook

Understanding Financial Statements, Appraisal Reports, and Expert Testimony

Author: Shannon P. Pratt

Publisher: American Bar Association

ISBN: 9781570738296

Category: Law

Page: 472

View: 9362

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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.
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Business Valuation

The Ultimate Guide to Business Valuation for Beginners, Including How to Value a Business Through Financial Valuation Methods

Author: Greg Shields

Publisher: Createspace Independent Publishing Platform

ISBN: 9781717577917

Category:

Page: 104

View: 4160

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Say goodbye to scratching your head in confusion This business valuation book could be the answer you're looking for... Whether you're looking to buy or sell a business, to invest in the stock market or become a business angel, or simply to get a better idea of what your business is worth, this book contains the information you need. Each type of valuation method is introduced in turn: assets based, revenue based, earnings and cash flow based, together with discounted cash flow and 'rule of thumb' valuations. This book will show you how to calculate the value of the business. You'll also learn the strengths and weaknesses of each method of valuation; where they're useful and where they are of limited value. Does that sound as if the book is a dry, mathematical text? Far from it. Business Valuation: The Ultimate Guide to Business Valuation for Beginners, Including How to Value a Business Through Financial Valuation Methods contains real examples and talks about the 'art' as well as the 'science' of valuation. You'll also get a chapter that is focused on due diligence ('kicking the tyres'). Once you've read this book you should have a good handle on how to value a business. Maybe you won't be a highly paid McKinsey consultant, but you'll have what it takes to know what a business is worth, and you'll have enough smarts to avoid the obvious traps and pitfalls, such as 'dressing up' profits. That can make the difference between selling your business at a price that funds your retirement, and coming up short - or the difference between buying a great business at a good price, or paying over the odds for a moribund company. Here are just some of the topics that are discussed in this book: Why you might need a business valuation The basic concepts behind business valuation Profit based approaches Revenues based approaches Asset based approaches Discounted cash flow Sector-specific approaches And Much, Much More So, what are you waiting for? Start your learning now by getting this magnificent book!
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Accounting and Business Valuation Methods

how to interpret IFRS accounts

Author: Malcolm Howard

Publisher: Elsevier

ISBN: 0080554326

Category: Business & Economics

Page: 312

View: 6525

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This book is intended to appeal to junior accountants and entrepreneurs who need guidance and practical analytical tools to enable them to develop business plans, raise capital and assess risk. Readers can initiate their own business plans by copying over 200 lines of formulae that create a 5 year plan that includes an earnings statement (or profit and loss account), balance sheet and cash flow statement. It will also appeal to students taking accounting and finance modules that cover basic accounting techniques, ratio analysis, investment appraisal, as well as company valuation and share valuation. The book demonstrates with four case studies where practice often differs with theory. Chapter 1 covers basic book-keeping, showing how accounts are reconciled and controlled covering topics such as the working capital cycle and negotiating techniques. Chapter 2 deals with basic business planning and how to use ratio analysis (performance, asset management, structure, and investment ratios) to assess company performance. Chapter 3 explains that published accounts are based on a series of judgements and the effect the relatively new international financial reporting standards and legislation such as the Sarbanes-Oxley Act is having on corporate governance. Chapter 4 covers risk assessment and valuing companies. Four case studies bring everything together; how investment trusts are valued, the effect of restructuring on share prices, the difference between serious profit warnings and mere compliance with regulation and hostile takeovers. Via a thorough analysis of published accounts this book will show readers how to: distinguish between mandatory and optional reports; assess the strength of a company’s balance sheet; assess the risk factors associated with investment; assess whether or not the market value of a particular company is justified. * examines the difference between mandatory and optional reports * explains how to assess the strength of a companys balance sheet * looks at how to assess whether or not the market value of a particular company is justified
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The Market Approach to Comparable Company Valuation

Author: Matthias Meitner

Publisher: Springer Science & Business Media

ISBN: 3790817236

Category: Business & Economics

Page: 241

View: 836

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Corporate valuation using multiples is one of the most popular corporate valuation approaches. In this book, the different steps of this valuation approach such as the selection of comparable companies or the choice of the reference variables are discussed. Then, the circumstances required for a sound valuation (e.g., the degree of efficiency of the equity market) are described. Additionally, the book gives insight on how the state of the industry and/or the company has an impact on the proper choice of the reference variables. Finally, it is shown how multi-factor models can enrich the universe of valuation models. While always maintaining the academic rigor, the author addresses practice-relevant topics and delivers hands-on solutions for typical valuation problems.
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Business Valuation

A Primer for the Legal Profession

Author: Jeffrey M. Risius

Publisher: American Bar Association

ISBN: 9781590317464

Category: Law

Page: 196

View: 825

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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.
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Quantitative Business Valuation

A Mathematical Approach for Today's Professionals

Author: Jay B. Abrams

Publisher: John Wiley & Sons

ISBN: 9780470594513

Category: Business & Economics

Page: 672

View: 8950

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Quantitative Business Valuation A Mathematical Approach for Today's Professionals Essential reading for the serious business appraiser, Quantitative Business Valuation, Second Edition is the definitive guide to quantitative measurements in the valuation process. No other book written on business valuation is as well researched, innovative, and bottom-line beneficial to you as a practitioner. Written by leading valuation and litigation economist Jay B. Abrams, this text is a rigorous and eye-opening treatment filled with applications for a wide variety of scenarios in the valuation of your privately held business. Substantially revised for greater clarity and logical flow, the Second Edition includes new coverage of: Converting forecast net income to forecast cash flow Damages in manufacturing firms Regressing scaled y-variables as a way to control for heteroscedasticity Mathematical derivation of the Price-to-Sales (PS) ratio Monte Carlo Simulation (MCS) and Real Options (RO) Analysis Venture capital and angel investor rates of return Lost inventory and lost profits damage formulas in litigation Organized into seven sections, the first three parts of this book follow the chronological sequence of performing a discounted cash flow. The fourth part puts it all together, covering empirical testing of Abrams' valuation theory and measuring valuation uncertainty and error. Parts five to seven round it all out with discussion of litigation, valuing ESOPs and partnership buyouts, and probabilistic methods including valuing start-ups. The resulting work, solidly grounded in economic theory and including all necessary mathematics, integrates existing science into the valuation profession—and develops valuation formulas and models that you will find useful on a daily basis.
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A Reviewer's Handbook to Business Valuation

Practical Guidance to the Use and Abuse of a Business Appraisal

Author: L. Paul Hood, Jr.,Timothy R. Lee

Publisher: John Wiley & Sons

ISBN: 9781118025635

Category: Business & Economics

Page: 416

View: 9671

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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.
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Business Valuation Demystified

Author: Edward Nelling

Publisher: McGraw Hill Professional

ISBN: 0071759484

Category: Business & Economics

Page: 256

View: 5895

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Priceless business valuation methods made easy! Business valuation is one of the toughest classes in any business curriculum. And it's one of the most important. Master this critical topic, and you've removed a major obstacle standing between you and a 4.0, and taken a major step toward a successful career in business. Breaking down business valuation methods into easy-to-digest parts, this self-teaching guide provides all the skills you need to determine a company's worth--easily and accurately. Business Valuation DeMYSTiFieD offers expert insight from both buyers' and sellers' points of view and provides examples and exercises illustrating the concepts driving the practices. This fast and easy guide features: In-depth coverage of the three main methods of valuing businesses: discounted cash flow, price multiple, and liquidation Easy-to-understand descriptions of financial ratios Tools and techniques for deciphering valuation reports, financial statements, and guidelines for specific businesses Chapter-ending practice exercises and a quiz for testing and reinforcing what you've learned Simple enough for a beginner but challenging enough for a more advanced student, Business Valuation DeMYSTiFieD is your shortcut to building a solid foundation in this critical business topic.
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