Financial Valuation: Applications and Models (Wiley Finance) - Hardcover

Hitchner, James R.

Hardcover

ISBN 10: 0471061387 ISBN 13: 9780471061380

Publisher: Wiley, 2003

Synopsis

The appropriate, defensible way to prepare and present business valuations, with a strong emphasis on applications and models

Financial Valuation provides an all-encompassing valuation tome that presents the application of financial valuation theory in an easily understood manner. Delivering valuation theory, the consensus view on application, and the tools to make it happen, James Hitchner?s all-star cast of contributors offer numerous examples, checklists, and models to assist in navigating a valuation project. The book contains hundreds of short, easily understandable "Valuation Tips," and covers best practices from the view of these twenty-five experts.

About this title

About the Author

JAMES R. HITCHNER, CPA/ABV, ASA, is the Managing Director of the Financial Valuation Group (FVG) in Atlanta, Georgia. FVG is a national valuation and litigation services firm. He has more than twenty-four years of professional experience, including twenty-two years in valuation services. He is coauthor of the book Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis–SFAS 141 and 142 and Financial Valuation Workbook, both published by Wiley. He has also published over thirty articles on valuation.

From the Back Cover

Praise for Financial Valuation

"The book has a wealth of detail, practice tips, examples, and extra information, plus sections on business valuation situations not addressed elsewhere. A valuable addition to the literature of business valuation."
–– Shannon Pratt, CFA, FASA, MCBA
Managing Director, Willamette Management Associates
Managing Owner, Business Valuation Resources, LLC

"The book sets a fine example in technical yet readable exposition. As the text flows, it is evident [the twenty-five authors] have taken great steps toward achieving uniformity reflecting the various opinions within the profession. This goes a long way toward reinforcing proven methodologies and validating their ‘real world’ application. The well-thought-through categories–starting with Standards of Value–and legal insights with ‘tried and true’ cases reveal and attest to the depth of [the authors’] experience in business valuation and litigation consulting.
"All of the topics appeal to practitioners of all levels. Value-adding ‘ValTips’ are quite helpful in stimulating broader consideration of each subject and elevating the reader’s perspective."
–– Parnell Black, MBA, CPA, CVA
Chief Executive Officer
National Association of Certified Valuation Analysts

"This book takes the consensus of many talented appraisers and presents topics in a fashion that has not been seen before in any other valuation treatise. Many of the same old topics are presented, but this time, even I was forced to take a much closer look. This unique approach to many of these topics is a must for the well-rounded appraiser."
––Gary R. Trugman, CPA, ABV, MCBA, ASA, MVS
Trugman Valuation Associates
A Rachlin Cohen & Holtz Company

"This is a unique publication in that it brings together twenty-five nationally recognized names in the valuation industry to provide practitioners with their consensus ‘school of thought’ on many commonly encountered valuation issues. The author list includes analysts from all the valuation organizations with many current or former members of the AICPA Business Valuation Subcommittee and the AICPA BV Hall of Fame. An excellent reference source for CPAs looking for guidance from some of the top valuators in the nation."
––Thomas E. Hilton, MS, CPA/ABV, CVA
Chair, AICPA Business Valuation Subcommittee
Partner, Anders, Minkler and Diehl LLP

Coauthors: Mel Abraham, Jim Alerding, Terry Allen, Larry Cook, Mike Crain, Bob Duffy, Ed Dupke, Nancy Fannon, John Gilbert, Tom Hilton, Greg Koonsman, Eva Lang, Mike Mard, Harold Martin, Mike Mattson, Jim Hitchner, Steve Hyden, Ray Moran, Charles Phillips, Jim Rigby, Ron Seigneur, Robin Taylor, Linda Trugman, Don Wisehart, and Mark Zyla.

From the Inside Flap

Financial valuation is a field rich in theory and divergent points of view, though often lacking in real-world applications and professional consensus. Nationally recognized valuation authority James Hitchner fills in the gap by assembling twenty-five leading valuation experts who analyze, explain, and concur on the most effective valuation procedures in Financial Valuation: Applications and Models.

This seminal text contains numerous examples and methods that will assist the reader in navigating a valuation project, along with hundreds of short, easily understandable "ValTips" highlighting important and often controversial issues. Financial Valuation covers basic, intermediate, and advanced topics, such as:

• Shareholder disputes
• Mergers and acquisitions
• Income, estate, and gift tax
• Marital dissolution
• ESOPs
• Financial reporting

The twenty-five authors hail from a variety of professional specializations, including accounting, business appraisal, and financial analysis. Each chapter summarizes its function’s best practices, illustrating the appropriate and defensible way to prepare a business valuation. Other topics covered include:

• Discounts and premiums
• Family limited partnerships
• Healthcare
• Intellectual property
• Commercial damages
• High-tech enterprises

The book’s concluding chapter, "Valuation Views," tackles many of the subjective, difficult areas of valuation (where consensus is more difficult) in order to increase awareness and solicit comments on these controversies. The authors present these issues in a case study/report format that guides the reader through the preparation and reporting of a business valuation and conclusion of value.

Often subjective in nature, valuation remains an essential function in a host of industries. CPAs, appraisers, analysts, attorneys, and corporate executives will appreciate the unified structure and practical application of James Hitchner’s Financial Valuation.

Edition details

• Publisher: Wiley
• Publication date: 2003
• ISBN 10: 0471061387
• ISBN 13: 9780471061380
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 1056