Financial Valuation

Applications and Models, Book + Website

James R. Hitchner

• Publisher: Wiley
• Year: 2024
• Print ISBN: 9781119880936
• eBook ISBN: 9781119880950
• Edition: 5
• Topic: Business
• Subtopic: Accounting
• Index: Business

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.

Table of contents

• Cover
• Title Page
• Copyright Page
• Contents
• About the Editor
• About the Authors
• Acknowledgments
• Preface
• Chapter 1 Introduction to Financial Valuation
• Chapter 2 Standards of Value
• Chapter 3 Research and Its Presentation
• Chapter 4 Financial Statement and Company Risk Analysis
• Chapter 5 Income Approach
• Chapter 6 Cost of Capital/Rates of Return
• Chapter 7 International Cost of Capital
• Chapter 8 Market Approach
• Chapter 9 Asset Approach
• Chapter 10 Valuation Discounts and Premiums
• Chapter 11 Addendum—Sample Valuation Report
• Chapter 12 Business Valuation Standards
• Chapter 13 Valuation of Pass-Through Entities
• Chapter 14 Estate, Gift, and Income Tax Valuations
• Chapter 15 Valuation of Family Limited Partnerships
• Chapter 16 Summary of Tax Court Case Valuation Issues
• Chapter 17 Shareholder Disputes
• Chapter 18 Employee Stock Ownership Plans
• Chapter 19 Valuation in the Divorce Setting
• Chapter 20 Valuation Issues in Small Businesses
• Chapter 21 Valuation Issues in Professional Practices
• Chapter 22 Reasonable Compensation
• Chapter 23 The Valuator as Expert Witness
• Chapter 24 Fair Value Measurement and the Valuation of Intangible Assets
• Chapter 25 Marketing, Managing, and Making Money in a Valuation Services Group
• Chapter 26 Business Damages
• Chapter 27 Other Valuation Service Areas
• Chapter 28 Valuation of Healthcare Service Businesses
• Chapter 29 Determination of Compensation in the Healthcare Industry
• Chapter 30 Special Industry Valuations
• Chapter 31 Buy-Sell Agreements
• Chapter 32 Valuation Views and Controversial Issues: an Illustration
• About the Website
• Index
• EULA