By L. Paul Hood Jr.
Thorough assistance and designated research of the valuation company engagement
Discussing the sensible facets of industrial valuation that come up within the context of a tax valuation, this e-book will give you exact research of the valuation company engagement method. specified dialogue is incorporated of varied situations outlining mistakes that appraisers have made in appraisal experiences, in addition to in-depth dialogue of the present appraisal matters which are impacting tax valuations.
- Examines suggestions and themes together with point of worth, the function of property planners within the enterprise valuation strategy, using appraisers in property making plans and litigation, and the appraiser identification/selection process
- Provides perception into the character of the main appraisal exchange associations
- Offers insights into fighting mistakes from moving into appraisal reports
This important consultant provide you with the specific dialogue you would like at the a number of company valuation criteria which were promulgated by means of the Appraisal criteria Board in addition to numerous appraisal exchange associations.
Read or Download A reviewer's handbook to business valuation : practical guidance to the use and abuse of a business appraisal PDF
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Additional info for A reviewer's handbook to business valuation : practical guidance to the use and abuse of a business appraisal
However, the lack of familiarity with the initial engagement process is sometimes a shortcoming in providing client users a full grasp of the service and the impetus underlying the valuation. Most appraisers and attorneys, particularly those who have working relationships, can get on the same page regarding project definition and work-product scope in a matter of minutes. However, circumstances may require considerable review of factual and financial information before the valuation assignment can be properly defined.
The standard of value serves a specific purpose in every valuation. Without the proper standard of value clearly defined and its tenets strictly adhered to, the valuation methodology and resulting analysis can be meaningless for the purpose for which the report was developed. Intrinsic value, as defined by the American Society of Appraisers (ASA), is the value that an investor considers, on the basis of an evaluation or available facts, to be the true or real value that will become the market value when other investors reach the same conclusion.
For example, a valuation for estate tax purposes would need to C02 02/19/2011 15:45:6 Page 22 22 Foundations: Valuing a Business consider case law, rulings, and regulations. The standard of value would be fair market value. On the other hand, a valuation for divorce purposes would need to consider state law, case history in the state, and may not use fair market value as its standard of value. If the purpose is not considered, the entire valuation could be meaningless. This makes it imperative that the purpose is known and stated and that the use of the valuation is expressly limited to specific users for the purpose stated.
A reviewer's handbook to business valuation : practical guidance to the use and abuse of a business appraisal by L. Paul Hood Jr.