Financial Valuation + Website - 9780470506875

Filled with a wealth of detail, practice tips, and examples, Financial Valuation: Applications and Models, Third Edition brings together thirty nationally recognized names in the valuation industry hailing from a variety of professional specializationsùincluding accounting, forensics, business valuation, and financial analysisùto provide you with an indispensable reference on various valuation issues.

The Third Edition contains numerous models and methods to assist you in navigating a valuation project, along with hundreds of brief and straightforward "ValTips," discussing essential and often controversial issues. Extensively rewritten, this groundbreaking book broadens its focus with:

-Expanded coverage of Cost of Capital, including examples when using both Ibbotson and Duff & Phelps risk premium data and how to reconcile the results

-Expanded chapter on discounts including quantitative models for discounts for lack of marketability

-Expanded chapter on the market approach including new thoughts on the use of transaction databases

-Revised chapters on valuations of small businesses, professional practices, and divorce

-New chapter on standards of value

Assembled by valuation authority James Hitchner, these world-class contributors analyze, explain, and collaborate on the most effective valuation procedures to share real-world applications in the field of financial valuations,

Comprehensive in coverage and authoritative in treatment, Financial Valuation, Third Edition provides trusted, complete business valuation information for CPAs, appraisers, analysts, attorneys, and corporate executives.

James R. Hitchner, CPA/ABV/CIF, ASA, is Managing Director of Financial Valuation Advisors, Inc., President of The Financial Consulting Group, and CEO of Valuation Products and Services and has over thirty years of valuation experience. He is also Editor in Chief of Financial Valuation and Litigation Expert journal. Mr. Hitchner is editor/coauthor of the books Financial Valuation Workbook, Third Edition, and Valuation for Financial Reporting: Fair Value, Business Combinations, Intangible Assets, Goodwill and Impairment Analysis, Third Edition, both published by Wiley, and coauthor of PPC's Guide to Business Valuations. He has been recognized as a qualified expert witness and has provided testimony on valuations in numerous state and federal courts. An inductee in the AICPA Business Valuation Hall of Fame, he is one of only four members of the original AICPA Business Valuation Standards Writing Task Force, in which he served for the entire six years up to the June 2007 official release of the standards.