Financial Valuation Applications and Models

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 disputesMergers and acquisitionsIncome, estate, and gift taxMarital dissolutionESOPsFinancial reportingThe 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 premiumsFamily limited partnershipsHealthcareIntellectual propertyCommercial damagesHigh-tech enterprisesThe 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.Hitchner, James R. is the author of 'Financial Valuation Applications and Models' with ISBN 9780471061380 and ISBN 0471061387.