Business valuation body of knowledge exam review and professional reference

Business Valuation Body of Knowledge Exam Review and Professional Reference SECOND EDITION; About the Author; Contents; Preface; Acknowledgments; Listing of References and Reference Abbreviations; Part I Business Valuation Engagement Environment; 1 Business Valuation Legal and Regulatory Environment; Sources of Attack; Value Depends on Purpose of Valuation; Legal Authority; IRS Authority; 2 Business Valuation Professional Environment; The Appraisal Foundation; Professional Business Appraisal Organizations; 3 Business Valuation Engagement; Elements of a Business Valuation Engagement. Name of Client and AppraiserDate of Retention; Definition of Property to Be Valued; Definition of Value Sought; Effective Date of Valuation (Valuation Date); Purpose of Valuation (Intended Use); Representations; Contingent and Limiting Conditions; Scope of Work Product; Scheduling; Fees; Indemnification; Resolution of Disputes; 4 Litigation Service Engagements; Professional Standards and Rules; Legal Process and Terms; Discovery; Steps in the Trial Process; Testimony; Legal Standards and Rules; Part II Terminology and Notation; 5 International Glossary of Business Valuation Terms. 6 Notation System Used in This BookValue at a Point in Time; Cost of Capital and Rate of Return Variables; Income Variables; Periods or Variables in a Series; Weightings; Growth; Mathematical Functions; Part III Valuation Approaches and Methods; 7 Overview of Valuation Approaches and Methods; Approaches, Methods, and Procedures; Classification of Valuation Methods; Valuing Invested Capital or Equity; Classification of Approaches and Methods Is Not Discrete; Relative Strengths and Weaknesses of Various Methods; Applicability of Various Methods; 8 Income Approach: Cost of Capital. Cost of Capital BasicsCost of Capital by Capital Structure Component; Weighted Average Cost of Capital; Estimation of Cost of Equity Capital; 9 Income Approach: Discounting Method; Theory of the Discounted Economic Income Method; Discounting Method Can Be Used for Either Common Equity or Invested Capital; Net Cash Flow Is Preferred Measure of Economic Income in Income Approach; Present Value Discounting Formula; Net Cash Flows Should Be Probability-Weighted Expected Values; Estimating Terminal Value; Midyear Discounting Convention; Adjustments to Value Indicated by Discounting Method. 10 Income Approach: Capitalization MethodTheory of the Capitalization Method; Capitalization Method Can Be Used for Either Common Equity or Invested Capital; Difference between Capitalization Rate and Discount Rate; Capitalization Method Formula; Major Difference between Discounting and Capitalizing; Using the Gordon Growth Capitalization Model for the Terminal Value in the Discounting Method (Two-Stage Model); Midyear Convention in the Capitalization Model; Midyear Convention in the Two-Stage Model; Capitalization Rate: Build-Up Summation Method