McGraw-Hill Library of Investment and Finance
5 total works
Valuing Small Businesses and Professional Practices
by Shannon Pratt, Robert F Reilly, and Robert Schweihs
Published 1 January 1993
As with any skill, the ability to successfully manage a project requires expert training and extensive practice. Today, as global business becomes increasingly complex and stakes become higher, project management is finally getting the recognition it deserves - as a profession, distinct from general management. "Mastering Project Management" takes you deeper than any previous book into the developing project management body of knowledge. This innovative book provides practical guidance on how project managers can deal with: Managing project risk; Managing resources; Improving estimating capability; Meeting customer requirements; Systems thinking; Performance improvement; Cost/schedule control systems criteria; Managing innovation; and, Managing and improving quality. "Mastering Project Management" takes you beyond the basic tools for planning, scheduling, and control, and to the next level of project and more! It ensures that - whether you are employed specifically as a project manager or whether you have a critical project dropped in your lap at the last minute - you will be prepared to take control and guide each project to a successful finish.
##### This is the complete Small Business Valuation Library in one volume. 'The team of Pratt, Reilly, and Schweihs has done it again. This book contains so much useful information that practitioners with any level of experience must have it in their library. While the book itself is good, the bibliographies and resources cited give the practitioner a database full of information' - Gary R. Trugman, CPA, CBA, ASA, CFR, MVS Trugman Valuation Associates. 'The eagerly awaited third edition of "Valuing Small Businesses and Professional Practices" is a 'must have' for every valuation professional. In providing essential valuation theory and meaningful valuation instruction, this treatise is both a comprehensive reference source and a practical tool. No valuation professional should be without it!' - James L. (Butch) Williams, CPA, CVA Managing Director, Williams Taylor & Associates, P.C. 'This third and expanded edition of "Valuing Small Businesses and Professional Practices" is the most comprehensive, readable, and all-around best book ever written on the subject. Whether you are an apprentice or an experienced practitioner, this book is a must' - David M.Bishop, CBA, FIBA, ASA President, American Business Appraisers, Inc.
'I always look forward to receiving a copy of the update of "Valuing Small Businesses and Professional Practices". It provides us with helpful hints, current techniques, and the latest bibliographies of relevant topics. This book and "Valuing a Business" (by the same authors) are the most used references in our office' - James S. Rigby, Jr, ASA President, The Financial Valuation Group. For well over a decade, "Valuing Small Businesses and Professional Practices" has been the essential one-volume reference for performing accurate valuation analyses. Its detailed instructions have helped professionals value everything from 'mom-and-pop' operations to businesses worth $5 million or more. Times have changed, however, and new government regulations and legal practices create an environment where lack of current knowledge can be critical - and costly!
For this reason, "Valuing Small Businesses and Professional Practices" is now completely revised and updated to include: more emphasis on the legal context in which valuations are performed; an entirely new chapter on value drivers and their impact on valuation methods; new chapters detailing discounts for lack of marketability, public company data, and comparative transaction databases; and, a greatly revised chapter on alternative dispute resolution, now broadened to explain increasingly popular mediation along with arbitration. When you want every detail on small business valuation, plus hundreds of sources where you can find courses, seminars, books, tapes, supporting quantitative data, and more on any subject, "Valuing Small Businesses and Professional Practices, Third Edition", remains the only comprehensive tool of its kind.
##### This is the complete Small Business Valuation Library in one volume. 'The team of Pratt, Reilly, and Schweihs has done it again. This book contains so much useful information that practitioners with any level of experience must have it in their library. While the book itself is good, the bibliographies and resources cited give the practitioner a database full of information' - Gary R. Trugman, CPA, CBA, ASA, CFR, MVS Trugman Valuation Associates. 'The eagerly awaited third edition of "Valuing Small Businesses and Professional Practices" is a 'must have' for every valuation professional. In providing essential valuation theory and meaningful valuation instruction, this treatise is both a comprehensive reference source and a practical tool. No valuation professional should be without it!' - James L. (Butch) Williams, CPA, CVA Managing Director, Williams Taylor & Associates, P.C. 'This third and expanded edition of "Valuing Small Businesses and Professional Practices" is the most comprehensive, readable, and all-around best book ever written on the subject. Whether you are an apprentice or an experienced practitioner, this book is a must' - David M.Bishop, CBA, FIBA, ASA President, American Business Appraisers, Inc.
'I always look forward to receiving a copy of the update of "Valuing Small Businesses and Professional Practices". It provides us with helpful hints, current techniques, and the latest bibliographies of relevant topics. This book and "Valuing a Business" (by the same authors) are the most used references in our office' - James S. Rigby, Jr, ASA President, The Financial Valuation Group. For well over a decade, "Valuing Small Businesses and Professional Practices" has been the essential one-volume reference for performing accurate valuation analyses. Its detailed instructions have helped professionals value everything from 'mom-and-pop' operations to businesses worth $5 million or more. Times have changed, however, and new government regulations and legal practices create an environment where lack of current knowledge can be critical - and costly!
For this reason, "Valuing Small Businesses and Professional Practices" is now completely revised and updated to include: more emphasis on the legal context in which valuations are performed; an entirely new chapter on value drivers and their impact on valuation methods; new chapters detailing discounts for lack of marketability, public company data, and comparative transaction databases; and, a greatly revised chapter on alternative dispute resolution, now broadened to explain increasingly popular mediation along with arbitration. When you want every detail on small business valuation, plus hundreds of sources where you can find courses, seminars, books, tapes, supporting quantitative data, and more on any subject, "Valuing Small Businesses and Professional Practices, Third Edition", remains the only comprehensive tool of its kind.
Capitalize on All the Latest Legal, Financial, and ComplianceInformation Needed to Analyze and Appraise Any Business
For over 25 years, Valuing a Business has provided professionals and students with expert business valuation information, offering clear, concise coverage of valuation principles and methods. Over the decades, the book's unsurpassed explanations of all valuation issues have made it the definitive text in the field, against which every other business valuation book is measured.
Now updated with new legal, financial, and compliance material, the Fifth Edition of Valuing a Business presents detailed answers to virtually all valuation questions_ranging from executive compensation and lost profits analysis…to ESOP issues and valuation discounts.
Written by Shannon Pratt, one of the world's leading authorities on business valuation, this updated classic offers a complete “one-stop” compendium of information on the full range of valuation concepts and methods. Valuing a Business contains step-by-step discussions and analyses of:
- Business Valuation Standards and Credentials
- Defining the Assignment
- Business Valuation Theory and Principles
- Gathering Company Data
- Site Visits and Interviews
- Researching Economic and Industry Information
- Analyzing Financial Statements
- Financial Statement Ratio Analysis
- Income, Market, and Asset-Based Approaches to Valuation
- The Capitalized Excess Earnings Method
- Premiums and Discounts
- Writing and Reviewing Business Valuation Reports
- Valuing Debt Securities, Preferred Stock, Stock Options, and S Corporation Stock
- Valuations for Estate and Gift Tax Purposes
- Buy-Sell Agreements
- Valuations for Income Tax Purposes
- Valuation with Employee Stock Ownership Plans
- Valuations for Ad Valorem Taxation
- Dissenting Stockholder and Minority Oppression Actions
- Valuations for Marital Dissolution Purposes
- Litigation Support Services
- Expert Testimony
- Arbitration and Mediation
This landmark reference also presents a wealth of recent court cases for each valuation area, which together provide a comprehensive overview of all the legal rulings and trends in the field of business valuation.
This is the one-volume intangible valuation library - from trusted authorities Robert Reilly and Robert Schweihs. Seen as a science by some professionals - as an art by others - the accurate valuation of intangible assets can nonetheless be a daunting financial maze. In their latest comprehensive valuation resource, financial experts Robert F. Reilly and Robert P. Schweihs present in detail the theory and methodology associated with the identification, valuation, and economic analysis of intangible assets. "Valuing Intangible Assets" provides the necessary skills, judgment, and knowledge to truly understand the entire process of intangible valuation.Beginning with a general, fundamental overview of the topic, and building to more specific, advanced theories and practices, this essential book: clarifies the distinctions - and also the relationships - between tangible and intangible assets; works through each of the three basic valuation approaches - cost, market, and income - with guidelines to determine which is appropriate for a given situation; discusses remaining useful life analysis, transfer pricing analysis, and economic damages analysis; summarizes professional standards, including USPAP intangible asset valuation and reporting standards; introduces and describes specific types of intangibles - contract, copyright, goodwill, and more; and, provides entertaining and in-depth case studies to provide real-world application for concepts and activities.
International cost of capital...blockage discounts . . . valuation issues unique to ESOPs...specific valuation issues for sports teams...capital structure in emerging growth companies...methods for calculating equity risk premiums...These days, understanding the complex issues in advanced business valuation requires a team of experts. The HANDBOOK OF ADVANCED BUSINESS VALUATION is your team of valuation experts—nationally recognized practitioners and legal minds from across the country who provide authoritative answers and innovative solutions to your most perplexing valuation questions. Structured in a user-friendly, general-to-specific arrangement, The HANDBOOK OF ADVANCED BUSINESS VALUATION represents a broad cross section of the latest conceptual thinking on the subject. Only in this thought-provoking volume will you find: Abstracts and interpretations of recent empirical studies in lack of marketability, blockage, and more; In-depth treatment of specialized valuation issues from many industries—including healthcare, technology, and sports franchises; Lucid, intuitive explanations of complex and esoteric procedures for intercompany transfer pricing analyses and ad valorem property tax appraisals. Like its predecessor volume VALUING A BUSINESS—which covered basic business valuation concepts and practices in authoritative, all-encompassing fashion—The HANDBOOK OF ADVANCED BUSINESS VALUATION provides a new benchmark of advanced, contemporary discussions for investors and experienced business valuation practitioners. Valuation experts from PricewaterhouseCoopers, Ernst & Young, Willamette Management Associates, Arthur Andersen, American Appraisal Associates, and more combine their expertise in this well-written, thoughtful, and convincing reference—one with absolutely no close rival in the flourishing field of business valuation and security analysis.
The Handbook of Business Valuation and Intellectual Property Analysis
by Robert F Reilly and Robert Schweihs
Published 20 September 2004