Praise for Business Valuation, Second Edition
"The Second Edition of Business Valuation: An Integrated Theorymanages to present the theoretical analysis of valuation from thefirst edition and expand on that discussion by providing additionalguidance on implementing the relevant valuation theories, notablyin its expanded discussion of the Quantitative MarketabilityDiscount Model."
-Dr. David Tabak
NERA Economic Consulting
Your Essential Valuations Reference
Whether you are an accountant, auditor, financial planner, orattorney, Business Valuation: An Integrated Theory, Second Editionenables you to understand and correctly apply fundamental valuationconcepts. Thoroughly revised and expanded, the Second Editiondemystifies modern valuation theory, bringing together variousvaluation concepts to reveal a comprehensive picture of businessvaluation.
With the implementation of new accounting pronouncements mandatingthe recognition of numerous assets and liabilities at fair value,it has become critical for CPAs charged with auditing financialstatements to understand valuation concepts.
With thoughtful and balanced treatment of both theory andapplication, this essential guide reveals:
* The "GRAPES of Value"-Growth, Risk and Reward, AlternativeInvestments, Present Value, Expectations, and Sanity
* The relationship between the Gordon Model and the discounted cashflow model of valuation
* The basis for commonly applied, but commonly misunderstoodvaluation premiums and discounts
* A practical perspective on the analysis of potential businessacquisitions
Grounded in the real world of market participants, BusinessValuation, Second Edition addresses your need to understandbusiness valuation, providing a means of articulating valuationconcepts to help you negotiate value-enhancing transactions.
If you want to get back to valuation basics, this useful referencewill become your guide to defining the various levels of value anddeveloping a better understanding of business appraisal reports.
Z. Christopher Mercer
Accounting Bewertung Rechnungswesen Valuation