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

Hitchner, James R.

Hardcover

ISBN 10: 0471761176 ISBN 13: 9780471761174

Publisher: Wiley, 2006

Synopsis

Praise for Financial Valuation

"This Second Edition addresses virtually all of the recent hot topics in business valuation, and there are many of them since the first edition. Most chapters are updated with new material, including, especially, the Duff & Phelps Risk Premium Report as an alternative to Ibbotson's risk premium data. As with the first edition, the authors are very well-known and provide incisive analysis."
--Shannon Pratt, CFA, FASA, MCBA, CM&AA, CEO, Shannon Pratt Valuations, LLC

"Though the first edition of Mr. Hitchner's book was excellent in all regards, this Second Edition squarely puts Hitchner and his team of authors at the top of the list of authorities in the field of business valuation. Few publications on the subject even come close to the book's thorough coverage of the topic, but equally impressive is the clarity with which Hitchner depicts and explains highly complex subject matters. So impressed with Financial Valuation Applications and Models, the National Association of Certified Valuation Analysts has developed a three-day course based upon this book entitled, 'Advanced Valuation and Case Study Workshop,' which is now a cornerstone training program for our organization."
--Parnell Black, MBA, CPA, CVA, Chief Executive Officer, NACVA

"This book is a valuable resource for every BV library. It has material not covered in other BV books and this Second Edition has much more information than the first. Financial Valuation Applications and Models is the primary textbook for AICPA's business valuation education and it covers most of the topics on the test for the AICPA's Accredited in Business Valuation (ABV) credential. Its thirty authors are nationally respected practitioners who have written this book for practitioners. Many of the authors are current or former members of the AICPA Business Valuation Committee and the AICPA BV Hall of Fame."
--Michael A. Crain, CPA/ABV, ASA, CFA, CFE, Chair, AICPA Business Valuation Committee, Managing Director, The Financial Valuation Group

"This book has a tremendous wealth of information that all valuation analysts must have in their libraries. From those just starting their careers to the most experienced practitioner, all valuation analysts will benefit from the invaluable information, ranging from fundamental practices to the most innovative economic and valuation ideas of today."
--Scott R. Saltzman, CPA, CVA, ASA, DABFA, Managing Member, Saltzman LLC; President, National Association of Certified Valuation Analysts

Coauthors: Mel H. Abraham, R. James Alerding, Terry Jacoby Allen, Larry R. Cook, Michael A. Crain, Don M. Drysdale, Robert E. Duffy, Edward J. Dupke, Nancy J. Fannon, John R. Gilbert, Chris Hamilton, Thomas E. Hilton, James R. Hitchner, Steven D. Hyden, Gregory S. Koonsman, Mark G. Kucik, Eva M. Lang, Derald L. Lyons, Michael J. Mard, Harold G. Martin Jr., Michael Mattson, Edward F. Moran Jr., Raymond E. Moran, James S. Rigby Jr., Ronald L. Seigneur, Robin E. Taylor, Linda B. Trugman, Samuel Y. Wessinger, Don Wisehart, and Kevin R. Yeanoplos

About this title

About the Author

James R. Hitchner, CPA/ABV, ASA, a leading figure in business valuation, is a Wiley author who has successfully edited and coauthored the first edition of Financial Valuation and coauthored the accompanying Financial Valuation Workbook. The AICPA has adopted these two books as the basis for its six-day Business Valuation Essentials courses and the NACVA has adopted them as the basis for its three-day Advanced Business Valuation course. He is also coauthor of Valuation for Financial Reporting (Wiley). Mr. Hitchner is Managing Director of The Financial Valuation Group and a founding member and current President of the Financial Consulting Group. He is Editor in Chief of Financial Valuation and Litigation Expert, a bimonthly journal presenting views and tools from some of the leading experts in valuation, forensics/fraud and litigation services. He has twenty-seven years of professional experience.

"This Second Edition addresses virtually all of the recent hot topics in business valuation, and there are many of them since the first edition. Most chapters are updated with new material, including, especially, the Duff & Phelps Risk Premium Report as an alternative to Ibbotson's risk premium data. As with the first edition, the authors are very well-known and provide incisive analysis."
—Shannon Pratt, CFA, FASA, MCBA, CM&AA, CEO, Shannon Pratt Valuations, LLC

"Though the first edition of Mr. Hitchner's book was excellent in all regards, this Second Edition squarely puts Hitchner and his team of authors at the top of the list of authorities in the field of business valuation. Few publications on the subject even come close to the book's thorough coverage of the topic, but equally impressive is the clarity with which Hitchner depicts and explains highly complex subject matters. So impressed with Financial Valuation Applications and Models, the National Association of Certified Valuation Analysts has developed a three-day course based upon this book entitled, 'Advanced Valuation and Case Study Workshop,' which is now a cornerstone training program for our organization."
—Parnell Black, MBA, CPA, CVA, Chief Executive Officer, NACVA

"This book is a valuable resource for every BV library. It has material not covered in other BV books and this Second Edition has much more information than the first. Financial Valuation Applications and Models is the primary textbook for AICPA's business valuation education and it covers most of the topics on the test for the AICPA's Accredited in Business Valuation (ABV) credential. Its thirty authors are nationally respected practitioners who have written this book for practitioners. Many of the authors are current or former members of the AICPA Business Valuation Committee and the AICPA BV Hall of Fame."
—Michael A. Crain, CPA/ABV, ASA, CFA, CFE, Chair, AICPA Business Valuation Committee, Managing Director, The Financial Valuation Group

"This book has a tremendous wealth of information that all valuation analysts must have in their libraries. From those just starting their careers to the most experienced practitioner, all valuation analysts will benefit from the invaluable information, ranging from fundamental practices to the most innovative economic and valuation ideas of today."
—Scott R. Saltzman, CPA, CVA, ASA, DABFA, Managing Member, Saltzman LLC; President, National Association of Certified Valuation Analysts

Coauthors: Mel H. Abraham, R. James Alerding, Terry Jacoby Allen, Larry R. Cook, Michael A. Crain, Don M. Drysdale, Robert E. Duffy, Edward J. Dupke, Nancy J. Fannon, John R. Gilbert, Chris Hamilton, Thomas E. Hilton, James R. Hitchner, Steven D. Hyden, Gregory S. Koonsman, Mark G. Kucik, Eva M. Lang, Derald L. Lyons, Michael J. Mard, Harold G. Martin Jr., Michael Mattson, Edward F. Moran Jr., Raymond E. Moran, James S. Rigby Jr., Ronald L. Seigneur, Robin E. Taylor, Linda B. Trugman, Samuel Y. Wessinger, Don Wisehart, and Kevin R. Yeanoplos

From the Inside Flap

Filled with a wealth of detail, practice tips, and examples, Financial Valuation: Applications and Models brings together thirty nationally recognized names in the valuation industry hailing from a variety of professional specializations—including accounting, business appraisal, and financial analysis—to provide practitioners with an indispensable reference on various valuation issues. Assembled by valuation authority James Hitchner, these contributors analyze, explain, and collaborate on the most effective valuation procedures to share real-world applications in the field of fin-ancial valuation.

Presented in an easily understandable manner, the Second Edition contains numerous models and methods that assist the reader in navigating a valuation project, along with hundreds of brief and straightforward "ValTips," discussing essential and often controversial issues. Extensively rewritten, this groundbreaking book widens its focus with:

• The "definitive" chapter on valuing pass-through entities including the presentation of four new models
• Expanded discussion on the use of Ibbotson data including size risk premiums, the supply side model, and industry risk premiums
• A new discussion on the use of the Duff & Phelps risk premium data
• A new chapter on value consulting and company analysis using the concept of strategic benchmarking for value
• Updates on the latest in valuations for financial reporting
• A new "Special Industry Valuations" chapter presenting detailed information on valuing businesses in such industries as restaurants, bars, cable television, radio, and construction

Comprehensive in coverage and authoritative in treatment, James Hitchner's Financial Valuation provides trusted, complete business valuation information for CPAs, appraisers, analysts, attorneys, and corporate executives.

Edition details

• Publisher: Wiley
• Publication date: 2006
• Language: English
• ISBN 10: 0471761176
• ISBN 13: 9780471761174
• Binding: Hardcover
• Edition number: 2
• Number of pages: 1368