Research Catalog

Title

Valuing small businesses and professional practices / Shannon P. Pratt, Robert F. Reilly, Robert P. Schweihs.

Author

Pratt, Shannon P.

Publication

New York : McGraw-Hill, [1998], ©1998.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Reilly, Robert F.
• Schweihs, Robert P.

Description

xxxvi, 887 pages : illustrations; 29 cm

Summary

The thoroughly revised and updated third edition of Valuing Small Businesses and Professional Practices is the essential guidebook to today's most effective business valuation analyses and techniques. Appraisers, CPAs, judges and attorneys, bankers, business owners - literally thousands of professionals involved with small businesses - have established this classic as the essential, one-of-a-kind business valuation resource.

Subjects

• Small business > Valuation
• Professions > Valuation

Note

• "Irwin library of investment & finance"--Jacket.

Bibliography (note)

• Includes bibliographical references and index.

Contents

• Pt. I. Introduction: Understanding the Valuation Process. 1. Business Valuation Standards and Professional Associations. 2. Defining the Valuation Assignment. 3. Defining Value. 4. How Valuations Differ for Different Purposes. 5. Differences between the Valuation of Large and Small Businesses. 6. Comparison between Business Appraisal Practices and Real Estate Appraisal Practices -- Pt. II. Analyzing the Company. 7. Adjusting the Balance Sheet. 8. Adjusting the Income Statement. 9. Comparisons with Industry Averages. 10. Analyzing Qualitative Factors. 11. The Buyer's Perspective - Pro Forma Statements -- Pt. III. Reaching the Value Conclusion. 12. Value Drivers. 13. Understanding Discount and Capitalization Rates. 14. The Discounted Economic Income Method. 15. The Capitalized Economic Income Method. 16. The Guideline Publicly Traded Company Method. 17. Public Company Data: What's Available and How to Get It Easily and Inexpensively.
• 18. The Comparative Transaction Method. 19. The Multiple of Discretionary Earnings (Seller's Discretionary Cash) Method. 20. The Gross Revenue Multiples Method. 21. Comparative Transaction Databases. 22. The Asset Accumulation Method. 23. The Capitalized Excess Earnings Method. 24. Discount for Lack of Control. 25. Discount for Lack of Marketability. 26. Valuation Synthesis and Conclusion. 27. Tradeoff between Cash and Terms. 28. Making a Reality Check: Is the Value Estimate Reasonable? 29. Common Errors. 30. Sample Case. 31. Solution to the Sample Case -- Pt. IV. Valuing Professional Practices. 32. Introduction to Professional Practice Valuation. 33. Adjusting the Professional Practice Balance Sheet. 34. Elements That Create Professional and Practice Goodwill. 35. Estimating the Value of the Professional Practice. 36. Sample Professional Practice Valuation Report. 37. Examples of Professional Practice Valuation Methods --
• Pt. V. Valuations for Specific Purposes. 38. Buy-Sell Agreements and Estate Planning. 39. Employee Stock Ownership Plans in Small Companies. 40. Corporate and Partnership Buyouts and Dissolutions. 41. Marital Dissolutions -- Pt. VI. Topics Related to Valuation. 42. Valuing Intangible Assets. 43. Buying or Selling a Business or Practice. 44. Working with a Business Appraiser. 45. Working with a Business Broker -- Pt. VII. Litigation and Dispute Resolution. 46. Litigation. 47. Damages. 48. Arbitrating or Mediating Disputed Valuations. App. B. Revenue Ruling 59-60.

ISBN

• 078631186X
• 1556235518 (canceled/invalid)

LCCN

97026761

OCLC

ocm37238998

Owning Institutions

Columbia University Libraries