Financial Valuation Workbook

Practical valuation exercises with real-world application and expert insight Financial Valuation Workbook cuts the learning curve in half, with practical training for use with any valuation textbook. Packed with tools, resources, and over 300 exercises, this book helps novices get a handle on the complex valuation process, while helping more experienced practitioners organize their engagements. Checklists, flowcharts, reports, information requests, and other resources help streamline the workflow and ensure thorough review, while in-depth coverage places the complexities of the field front-and-center. This new fourth edition features a brand new expanded case study for real-world insight, accompanied by exercises with explanations that deepen the learning process. Expert tips are highlighted throughout to provide additional insight in specific situations, and exercises from basic to advanced map to established training processes. Valuation is as an art, as well as a science, and simply reading a textbook only goes halfway toward true learning applying what you learn is critical. This book provides hands-on practice alongside useful tools and valuable insight to help solidify your understanding of the many facets of this complex field. Delve into the intricacies of valuation with a new expanded case study and expert tips Follow checklists and flowcharts for each phase of the valuation process Use reports, information requests, and other tools that help organize your workflow Test your understanding with over 300 exercises organized by major area Organized into standard, recognized, and easily identified sections that lend themselves to quick refreshers as well as start-to-finish study, this book is a truly useful resource for beginner and veteran alike. Whether you're learning valuation for the first time or simply need guidance on an unfamiliar situation, Financial Valuation Workbook provides a key resource for any business valuation professional.

Practical valuation exercises with real-world application and expert insightFinancial Valuation Workbook cuts the learning curve in half, with practical training for use with any valuation textbook. Packed with tools, resources, and over 300 exercises, this book helps novices get a handle on the complex valuation process, while helping more experienced practitioners organize their engagements. Checklists, flowcharts, reports, information requests, and other resources help streamline the workflow and ensure thorough review, while in-depth coverage places the complexities of the field front-and-center. This new fourth edition features a brand new expanded case study for real-world insight, accompanied by exercises with explanations that deepen the learning process. Expert tips are highlighted throughout to provide additional insight in specific situations, and exercises from basic to advanced map to established training processes.Valuation is as an art, as well as a science, and simply reading a textbook only goes halfway toward true learning--applying what you learn is critical. This book provides hands-on practice alongside useful tools and valuable insight to help solidify your understanding of the many facets of this complex field.* Delve into the intricacies of valuation with a new expanded case study and expert tips* Follow checklists and flowcharts for each phase of the valuation process* Use reports, information requests, and other tools that help organize your workflow* Test your understanding with over 300 exercises organized by major areaOrganized into standard, recognized, and easily identified sections that lend themselves to quick refreshers as well as start-to-finish study, this book is a truly useful resource for beginner and veteran alike. Whether you're learning valuation for the first time or simply need guidance on an unfamiliar situation, Financial Valuation Workbook provides a key resource for any business valuation professional.

Preface ixAcknowledgments xiAbout the Author xiiiChapter 1 Valuation Case Study Exercises 11.14 Addendum: Discount Case Study Exercises 91Chapter 2 Valuation Case Study Exercises: Solutions and Explanations 952.1 Addendum: Discount Case Study Exercises 131Chapter 3 Financial Valuation Applications and Models Companion Exercises and Test Questions 133Answer Grid 178Chapter 4 ValTips 189Chapter 5 Income Approach Valuation Process Flowchart 233Chapter 6 Marketing, Managing, and Making Money in Valuation Services 243Chapter 7 Practice Management Workflow Procedures 269Chapter 8 Checklists 3238.1 Business Valuation or Real Estate Appraisal?8.2 Key Information Requirements8.3 Industry Research Form8.4 IRS BV Guidelines Checklist, Internal Revenue Service, Engineering Program, Business Valuation Guidelines 4.48.48.5 Valuation Information Request (VIR) General8.6 Valuation Information Request (VIR) Bank/Holding Company8.7 Valuation Information Request (VIR) Eminent Domain8.8 Valuation Information Request (VIR) Gas and Oil Rights8.9 Valuation Information Request (VIR) High-Tech Business8.10 Valuation Information Request (VIR) Professional Practice8.11 Valuation Information Request (VIR) Medical Practice8.12 Valuation Information Request (VIR) Construction Industry8.13 Management Interview--Operations8.14 Management Interview--Financial Review8.15 Management Interview--Insurance Agency8.16 Management Interview--Professional Practice8.17 Management Interview--Medical Practice8.18 Management Interview--Construction Industry8.19 Management Interview--Law Practice8.20 Management Interview--Accounting Practice8.21 Valuation Information Request (VIR) Copyrights8.22 Valuation Information Request (VIR) Customer Relationships8.23 Valuation Information Request (VIR) In-Process Research and Development8.24 Valuation Information Request (VIR) Know-How8.25 Valuation Information Request (VIR) Patents8.26 Valuation Information Request (VIR) Software8.27 Valuation Information Request (VIR) Proprietary Process/Products Technology8.28 Valuation Information Request (VIR) Trademark/Trade Name8.29 Procedures for the Valuation of Intangible Assets8.30 Royalty Factors8.31 Management Interview--Patent Valuation8.32 Management Interview--Reasonable Compensation8.33 Reasonable Compensation: Additional Discussion Questions8.34 Revenue Ruling 59-60: Valuation Checklist8.35 Revenue Ruling 77-287: Valuation Checklist8.36 Revenue Ruling 93-12: Valuation Checklist8.39 SSVS VS Section 100 Compliance Checklist--Detailed Report (Valuation Engagement)8.40 Review Checklist--Eminent Domain8.41 Non-Appraiser's Guide to Reviewing Business Valuation Reports8.42 Auditor Review of Valuation for Financial Reporting8.43 Fair Value Measurement ChecklistAbout the Website 445Index 447