Business Valuation

In Business Valuation: Fundamentals, Techniques, and Theory, you'll find an authoritative and comprehensive guide to valuing private business enterprises. The book is written for both entry-level and seasoned business valuators, assisting readers from defining the purpose of a valuation through analysis and application of methods, ultimately reinforcing that analysts can not only perform the work but also communicate it with clarity and defensibility. It emphasizes that valuation is not a linear, but circular, iterative process--one that requires judgment, consistency, and adherence to professional standards.

Written by leading valuation experts, Business Valuation explains the processes you must use when valuing any business enterprise, including calculating the cost of capital, determining appropriate earnings, selecting a valuation methodology, and figuring out the amount and type of discounts or premiums to apply. You'll also explore how to analyze and normalize financial statements and factor into consideration local, national, and industry-wide environment variables.

This book provides clear and comprehensive explanations of the theory and practices involved in private enterprise valuation, as well as many of the features that will help business advisors be more value-driven and value-focused. Business Valuation shows you how to gather the information you need to properly calculate the value of a business and abide by the standards, regulations, and guidelines that apply to business valuators.

This book offers readers the opportunity to walk through the complexities inherent in many real-world valuations as it reinforces the techniques and nuances to writing a quality business valuation report.