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The Market Approach to Valuing Businesses Workbook Shannon P. Pratt

The Market Approach to Valuing Businesses Workbook By Shannon P. Pratt

The Market Approach to Valuing Businesses Workbook by Shannon P. Pratt


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Summary

Put the principles of the market approach to valuing businesses to work! This is an indispensable, hands-on workbook to help valuation experts (and those who want to be) better understand the application of methods used in the increasingly prevalent market approach to valuing businesses.

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The Market Approach to Valuing Businesses Workbook Summary

The Market Approach to Valuing Businesses Workbook by Shannon P. Pratt

Put the principles of the market approach to valuing businesses to work! This is an indispensable, hands on workbook to help valuation experts (and those who want to be) better understand the application of methods used in the increasingly prevalent market approach to valuing businesses. With convincing evidence of value for both buyers and sellers, the market approach can end stalemates and get deals closed. Acclaimed for its empirical basis and objectivity, its the model most favored by the IRS and the United States Tax Court as long as it s properly implemented. A companion to the definitive book on the topic, "The Market Approach to Valuing Businesses, Second Edition", this workbook includes questions and exercises that bring the concepts to life. It parallels the book and helps readers understand the methodologies. It also provides practical experience in applying the relevant theories and formulas. Perfect for CPAs, appraisers, corporate development officers, intermediaries such as brokers and investment bankers, venture capitalists, and consultants, this workbook can also be the basis for dynamic in house training programs.

About Shannon P. Pratt

Shannon P. Pratt, CFA, FASA, MCBA, CM&AA, is the Chairman and CEO of Shannon Pratt Valuations, Inc. a premier business valuation firm located in Portland Oregon, and is the founder and Editor Emeritus of Business Valuation Resources, LLC. Over a distinguished career of close to four decades, he has performed valuation engagements for M&A, ESOPs, gift and estate taxation, marital dissolution, shareholder oppression and dissent, and numerous other purposes. He has conducted numerous fairness and solvency opinions, 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 one of the most successful and respected authors in his field. He is the author or coauthor of several industry standards, including Valuing a Business: The Analysis and Appraisal of Closely Held Companies, Valuing Small Businesses and Professional Practices, The Market Approach to Valuing Businesses, Standards of Value, Business Valuation and Taxes, The Lawyer's Business Valuation Handbook, and Cost of Capital. ALINA V. NICULITA, CFA, is President and COO of Shannon Pratt Valuations, LLC. She earned her bachelor of economics in banking and financing from the Academy of Economic Studies in Bucharest, Romania, and her master's in business administration in finance from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh. Ms. Niculita is a Chartered Financial Analyst, a member of the CFA Institute, and a candidate of the American Society of Appraisers in Business Valuation.

Table of Contents

Preface. Section One: Questions. 1. Defining Market Multiples and Market Approach Methods. 2. The Guideline Public Company Method. 3. The Guideline Merged and Acquired Company Method. 4. Other Market Methods. 5. Finding Public Company Market Transaction Data. 6. Finding Merger and Acquisition Market Data. 7. Adjusting Financial Statements. 8. Comparative Financial Analysis. 9. Compiling Useful Market Value Tables. 10. Selecting, Weighting, and Adjusting Market Value Multiples. 11. Control Premiums and Minority Discounts. 12. Discounts for Lack of Marketability. 13. and 14 Sample Case Questions. 15. Reconciling Market Approach Values with Income and Asset Approach Values. 16. Does Size Matter? Evidence from Empirical Data. 17. Common Errors in Implementing the Market Approach. 18. The Dismal Track Record of U.S. Market Acquisitions. 19. The Market Approach in the Courts. Section Two: Answers. 1. Defining Market Multiples and Market Approach Methods. 2. The Guideline Public Company Method. 3. The Guideline Merged and Acquired Company Method. 4. Other Market Methods. 5. Finding Public Company Market Transaction Data. 6. Finding Merger and Acquisition Market Data. 7. Adjusting Financial Statements. 8. Comparative Financial Analysis. 9. Compiling Useful Market Value Tables. 10. Selecting, Weighting, and Adjusting Market Value Multiples. 11. Control Premiums and Minority Discounts. 12. Discounts for Lack of Marketability. 13. and 14 Sample Case Answers. 15. Reconciling Market Approach Values with Income and Asset Approach Values. 16. Does Size Matter? Evidence from Empirical Data. 17. Common Errors in Implementing the Market Approach. 18. The Dismal Track Record of U.S. Market Acquisitions. 19. The Market Approach in the Courts.

Additional information

CIN0471717541G
9780471717546
0471717541
The Market Approach to Valuing Businesses Workbook by Shannon P. Pratt
Used - Good
Paperback
John Wiley & Sons Inc
2006-01-20
144
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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