Financial valuation Applications and Models phần 1 ppt

[...]... articles, and has made over 80 conference presentations Mr Hitchner is co-author of the book Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis—SFAS 14 1 and 14 2, and co-author of Financial Valuation Workbook, both published by Wiley He is an inductee in the AICPA Business Valuation Hall of Fame and current member of the AICPA task force on Business Valuation Standards... Certified Valuation Analysts, and numerous state CPA societies He has also been a faculty member teaching valuation courses for judges for the National Judicial College and the Flaschner Judicial Institute Mr Hitchner is co-author of the book Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis—SFAS 14 1 and 14 2, editor/ co-author of the book Financial Valuation: Applications. .. Application of Discounts in Divorce Valuations Avoid Double Counting When an Interest Is Considered Control in a Divorce Setting ix 582 583 584 586 589 590 5 91 593 594 595 596 596 598 598 600 6 01 602 604 607 612 613 615 615 617 617 618 618 618 619 620 622 625 626 627 627 627 627 628 628 628 629 629 629 x CONTENTS Family Aggregations in Divorce Settings Partnerships, LLCs, LLPs, and Family Entities in a Divorce... Hyden has over 17 years of professional business valuation experience He has coauthored and taught 10 valuation courses, and was a guest expert for the AICPA Continuing Professional Education video course series, Valuation of Intellectual Property.” Additionally he was co-author of the book Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis—SFAS 14 1 and 14 2 Mr Hyden... valuation experience He has been recognized as a qualified expert witness, and has testified on valuations approximately 10 0 times He has published over 50 articles, and was co-author of the book, Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis—SFAS 14 1 and 14 2, and co-author of Financial Valuation Workbook, both published by Wiley Mr Mard has served on numerous... attempts to provide a sound understanding of financial valuation for all users and providers of valuation services and to advance consensus views on some of the more troublesome aspects of valuation science 1 Shannon P Pratt, Cost of Capital: Estimation and Applications (New York: John Wiley & Sons, Inc., 19 98), pp xxv – xxviii 1 2 INTRODUCTION TO FINANCIAL VALUATION PURPOSE OF A VALUATION Businesses or their... INTRODUCTION TO FINANCIAL VALUATION preface inancial Valuation: Applications and Models (FV) is an all-encompassing valuation text that presents the application of financial valuation theory in an easily understood manner Although valuation theory is thoroughly discussed, the focus is on applications and methods FV contains numerous examples and methods that will assist the reader in navigating a valuation. .. 794 799 800 810 813 814 817 CHAPTER 21 Marketing, Managing, and Making Money in a Valuation Services Group Purpose and Overview What Good Economics Looks Like Operational Keys for Good Economics Key Engagement Principles Engagement Acceptance Process Fees, Retainers, Billing, and Collection Engagement Control Litigation Services Engagements Conclusion 8 21 8 21 8 21 824 826 827 828 830 8 31 833 CHAPTER... 6 91 692 696 699 700 700 702 711 714 734 749 7 51 752 Contents Nature of Intangible Assets Identification and Classification of Intangible Assets Measurement of Intangible Assets Fair Value SFAS No 14 1, Business Combinations SFAS No 14 2, Goodwill and Other Intangible Assets Nature of Goodwill Goodwill, Indefinite-Lived Intangible Assets, and the Impairment Test Transition: Previously Recognized Goodwill Financial. .. Divorce Valuation and Bankruptcy Summary 630 630 6 31 6 31 632 CHAPTER 17 Valuation Issues in Small Businesses What Is a Small Business? Financial Statement Adjustments Qualitative Factors Affecting Value Valuation Methods Reasonableness Tests Summary 633 633 635 638 639 644 645 CHAPTER 18 Valuation Issues in Professional Practices Types of Practices Purpose of Valuation Professional Goodwill and Practice . book Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis—SFAS 14 1 and 14 2, editor/ co-author of the book Financial Valuation: Applications and Models; and co-author of. R. Financial valuation : applications and models / James R. Hitchner p. cm. Includes index. ISBN 0-4 71- 0 613 8-7 (cloth : alk. paper) 1. Corporations Valuation. I. Title. HG4028.V3H583 2002 658 .15 —dc 21 2002 012 146 Printed. Cash Flow Method 10 1 Terminal Value 10 9 Capitalized Cash Flow Method 11 4 Excess Cash Flow Method 11 6 Conclusion 12 5 CHAPTER 5 Cost of Capital/Rates of Return 12 6 Three Variables 12 6 Characteristics