The Art of Business Valuation

Gregory R. Caruso 지음

Wiley 2020년 08월 20일 출간

작품소개

책소개

Starting from the practical viewpoint of, “I would rather be approximately right than perfectly wrong” this book provides a commonsense comprehensive framework for small business valuation that offers solutions to common problems faced by valuators and consultants both in performing valuations and providing ancillary advisory services to business owners, sellers, and buyers. If you conduct small business valuations, you may be seeking guidance on topics and problems specific to your work. Focus on What Matters: A Different Way of Valuing a Small Business fills a previous void in valuation resources. It provides a practical and comprehensive framework for small and very small business valuation (Companies under $10 million of revenues and often under $5 million of revenues), with a specialized focus on the topics and problems that confront valuators of these businesses. Larger businesses typically have at least Reviewed Accrual Accounting statements as a valuation starting point. However, smaller businesses rarely have properly reviewed and updated financials. Focus on What Matters looks at the issue of less reliable data, which affects every part of the business valuation. You’ll find valuation solutions for facing this challenge. As a small business valuator, you can get direction on working with financial statements of lower quality. You can also consider answers to key questions as you explore how to value each small business. Is this a small business or a job? How much research and documentation do you need to comply with standards? How can you use cash basis statements when businesses have large receivables and poor cutoffs? Should you use the market method or income method of valuation? Techniques that improve reliability of the market method multiplier How might you tax affect using the income method with the advent of the Estate of Jones and Section

목차

Foreword Preface Chapter 01 - What Is My Business Worth? Chapter 02 Why Are Small and Very Small Businesses Different from Larger Businesses? Chapter 03 - Valuation Basics Chapter 04 - Assessing the Subject Company Chapter 05 - Normalization of Cash Flows Chapter 06 - Market Method of Business Valuation Chapter 07 Asset Methods Chapter 08 Income Approaches Chapter 09 Valuing Partial Interests In A Business Chapter 10 Goodwill and the Small Business Chapter 11 Accounting Issues with Small and Very Small Businesses Chapter 12 Details for Business Valuators Chapter 13 - Assisting the Small Business Buyer or Seller Chapter 14 How to Review a Business Valuation Chapter 15 - Final Thought Acknowledgements Index

작가정보

저자(글) Gregory R. Caruso

GREGORY R. CARUSO, JD, CPA, CVA, is a Partner at Harvest Business, LLC. He has been a business valuator, real estate broker, business broker, transactional attorney, and business owner. For 20 years he has provided business brokerage and business valuation services. He is Editor in Chief of "Around the Valuation World," the NACVA's monthly continuing education webinar.