Business Valuation Body of Knowledge: Exam Review and Professional Reference, Second Edition
- 5h 1m
- Shannon P. Pratt
- John Wiley & Sons (US)
- 2003
- Written by Shannon Pratt, one of the leading gurus in the business valuation field.
- Case study approach includes problems, solutions, and over 100-multiple-choice test questions.
- A reference and review of the core body of knowledge for those who need a grasp on business valuation even though they might not be seeking a professional designation.
About the Author
Dr. Shannon P. Pratt is a founder and a managing director of Willamette Management Associates. Founded in 1969, Willamette is one of the oldest and largest independent valuation consulting, economic analysis, and financial advisory services firms, with offices in principal cities across the United States. He is also a member of the board of directors of Paulson Capital Corp., an investment banking firm.
Over the last 35 years, Dr. Pratt has performed valuation engagements for mergers and acquisitions, employee stock ownership plans (ESOPs), fairness opinions, gift and estate taxes, incentive stock options, buy-sell agreements, corporate and partnership dissolutions, dissenting stockholder actions, damages, marital dissolutions, and many other business valuation purposes. He has testified in a wide variety of federal and state courts across the country and frequently participates in arbitration and mediation proceedings.
Dr. Pratt is author of Business Valuation Discounts and Premiums, Business Valuation Body of Knowledge, 2nd edition, Cost of Capital: Estimation and Applications, 2nd edition, Cost of Capital Workbook, Business Valuation Body of Knowledge Workbook, and The Market Approach to Valuing Businesses (all published by John Wiley & Sons, Inc.), and The Lawyer’s Business Valuation Handbook (published by the American Bar Association). He is coauthor of Valuing a Business: The Analysis and Appraisal of Closely Held Companies, 4th edition, and Valuing Small Businesses and Professional Practices, 3rd edition (both published by McGraw-Hill). He is also coauthor of Guide to Business Valuations, 12th edition (published by Practitioners Publishing Company).
In this Book
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Business Valuation Legal and Regulatory Environment
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Business Valuation Professional Environment
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Business Valuation Engagement
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Litigation Service Engagements
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International Glossary of Business Valuation Terms
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Notation System Used in This Book
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Overview of Valuation Approaches and Methods
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Income ApproachCost of Capital
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Income Approach—Discounting Method
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Income Approach—Capitalization Method
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Market Approach—Guideline Public Company Method
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Market Approach—Guideline Merger and Acquisition Method
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Prior Transactions, Offers, and Buy-Sell Agreements
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Adjusted (Net) Asset Method
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Excess Earnings Method
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Discounts and Premiums
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Reconciliation and Value Conclusion
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Financial Statement Analysis
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Using Economic and Industry Data
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Site Visits and Interviews
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Sources of Supporting Data
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Sample Case—Shannon’s Bull Market
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Tax-Related Valuations
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Employee Stock Ownership Plans
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Shareholder Buyouts and Disputes
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Marital Dissolutions
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Self-Study CPE Examination