Financial Valuation Workbook: Step by Step Exercises and by James R. Hitchner

By James R. Hitchner

A one-stop source for either rookies and skilled practitioners

Comprehensive monetary valuation calls for the mastery of a number of services to be hired in numerous valuation occasions. The monetary Valuation Workbook applies valuation thought to real-world company environments, offering an in depth case research, versions, and workouts which may minimize the novice’s studying curve in part and support skilled practitioners in larger organizing the valuation strategy.

The Workbook follows the valuation engagement layout, prepared through regular, simply identifiable sections that let for simple reference by way of all pros. This obtainable, authoritative textual content:

  • Covers step-by-step the intricacies of getting ready a reputable valuation
  • Guides the fewer skilled valuation practitioner via suggestions and applications
  • Includes a valuation strategy flowchart
  • Presents an prepared source of checklists, details requests, and different instruments to help valuation practitioners in organizing their engagements

Authors James Hitchner and Michael Mard additionally comprise a bankruptcy of valuable ''ValTips'' submitted by means of twenty-five major valuation specialists. CPAs, lawyers, appraisers, merger and acquisition pros, and MBA applicants will locate the monetary Valuation Workbook to be a vital source.

Show description

Read Online or Download Financial Valuation Workbook: Step by Step Exercises and Tests to Help You Master Financial Valuation PDF

Similar study guides books

The Call of the Wild

The unique CliffsNotes research publications provide professional remark on significant subject matters, plots, characters, literary units, and old history. CliffsNotes on name of the Wild & White Fang covers no longer one, yet of Jack London’s most sensible identified adventures. Meet an awesome puppy named greenback and his human pal John Thornton in name of the Wild, after which keep on with the tale of 2 males, Henry and invoice, and the lifetime of an unforgettable wolf cub.

To Kill a Mockingbird (Saddleback's Focus on Reading Study Guides)

Out of the airborne dirt and dust more advantageous publication (Focus On Reading)Features contain: includes instructor and scholar help fabrics, reproducible pupil task sheets, an end-of-book try out, and a solution key. every one examining advisor divides the unconventional into six attainable devices. Prepares all scholars for interpreting luck via activating earlier wisdom.

5 Steps to a 5 AP European History, 2008-2009 Edition (5 Steps to a 5 on the Advanced Placement Examinations)

An ideal PLAN FOR the precise rating we need you to be successful in your AP* examination. that is why we've got created this 5-step plan that will help you learn extra successfully, use your practise time properly, and get your most sensible ranking. This easy-to-follow advisor provides you with an entire overview of your AP direction, options to offer you the sting on try out day, and lots of perform with AP-style attempt questions.

Additional info for Financial Valuation Workbook: Step by Step Exercises and Tests to Help You Master Financial Valuation

Example text

It is based on the fact and circumstances in each situation and is based in part on the distribution policy of the S corporation. EXERCISE 7: We are valuing a 100% controlling interest in LEGGO. The percentage of ownership of individual shareholders is not an issue here. However, assume we are valuing the 85% of Tom Profit as opposed to the 100% in LEGGO. The value of an 85% interest in LEGGO would be based on 85% of the 100% control value in LEGGO. a. True b. False ANSWER: b. False An 85% interest in the company may not be equal to 85% of the 100% controlling interest value.

False All three approaches to value must be applied in all valuations. 24 VALUATION CASE STUDY EXERCISES Asset Approach ADJUSTED BOOK VALUE METHOD The adjusted book value method consists of determining the fair market value of a company’s assets and subtracting the fair market value of its liabilities to arrive at the fair market value of the equity. Both tangible and intangible assets are valued. Appraisals are used to value certain assets, and the remaining assets and liabilities are often included at book value, which is often assumed to approximate fair market value.

C. The companies that make up the data cannot be used to determine pricing ratios or capitalization rates. d. The information is from public companies. ANSWER: c. The companies that make up the data cannot be used to determine pricing ratios or capitalization rates. Most of the national databases do have fairly extensive amounts of information by SIC code and the ratios typically are calculated properly. Most of the information is from closely held companies. The main drawback of the data is that none of it is tied to pricing ratios or valuation multiples such as price to earnings or invested capital to EBITDA.

Download PDF sample

Rated 4.41 of 5 – based on 13 votes