Financial Valuation Workbook: Step-by-Step Exercises to Help You Master Financial Valuation

by James R. Hitchner, Michael J. Mard

Ghe complete resource to guide professionals through a full business valuation and to better manage their practice.

Now valuation professionals can master every function for every valuation situation. The Financial Valuation Workbook, Second Edition guides readers through a complete business valuation with essential tools for quick reference.

Completely revised and updated, this practical guide applies valuation theory to real-world business environments and provides a detailed case study, models, and exercises covering basic, intermediate, and advanced topics for readers at any valuation level.

Three new chapters have been added. Chapter 3, "Companion Exercises and Test Questions," includes over 300 exercises that can be used to prepare for business valuation certification exams or by professors as reinforcement of the material presented in Financial Valuation Applications and Models. Chapter 6, "Marketing, Managing, and Making Money," presents marketing and staff management tips and highlights risk management in regard to reports and engagements letters with examples. Chapter 7, "Practice Management Workflow Procedures," starts with the initial prospective client call, ends with billing, and provides checkpoints throughout the entire valuation management process.

This Workbook is organized by standard, easily identifiable sections that allow for easy reference by all professionals. This accessible The authors also include a chapter of helpful "ValTips" submitted by thirty leading valuation experts. CPAs, appraisers, attorneys, merger and acquisition professionals, professors, and students will find the Financial Valuation Workbook, Second Edition to be an essential resource.

384 pages, Paperback

First published July 4, 2003

About the author

Jim Hitchner is managing director of Financial Valuation Advisors and is president of The Financial Consulting Group. He is also CEO of Valuation Products and Services (VPS).
Mr. Hitchner is editor/coauthor of the books the Hitchner Pratt Fishman Consensus View Q&A Guide to Financial Valuation and the VPS DLOM Guide and Toolkit, published by VPS. He is also editor/coauthor of Financial Valuation Applications and Models (FVAM), fifth edition and Financial Valuation Workbook (FVW), fifth edition, all published by Wiley. FVAM and FVW have been adopted by the AICPA for its five-day Business Valuation School. These two books are also used by the National Association of Certified Valuators and Analysts ("NACVA") for its three-day Advanced Business Valuation course. NACVA also uses the Discount for Lack of Marketability Guide and Toolkit as part of this course.
He is also an inductee in the AICPA Business Valuation Hall of Fame and a two-time recipient of the AICPA's Business Valuation Volunteer of the Year award. He was also one of the four original members of the AICPA Business Valuation Standards Writing Task Force and served for the entire six years, up to the June 2007 official release of the standards.