Determination of value : guidance on developing and supporting credible opinions /

• Κύριος συγγραφέας: Rosillo, Francisco, 1951-
• Μορφή: Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Hoboken, New Jersey : John Wiley & Sons, Inc., [2013]
• Σειρά: Wiley corporate F & A.
• Θέματα: Valuation.; Corporations > Valuation.; BUSINESS & ECONOMICS > Corporate Finance.; BUSINESS & ECONOMICS > Finance.; Electronic books.

 Machine generated contents note: ch. 1 The Problem -- In Search of a Truth -- The Assurance Expert -- Credibility Is Not Synonymous with Truth -- Where Do We Go from Here? -- ch. 2 The Solution -- Toward a Definition of Credibility -- The Attributes That Make You Credible -- Operational Credibility Attributes -- Personal Credibility Attributes -- General Observations about "Credibility" -- Credibility Is Not Synonymous with Truth -- Don't Confuse Opining with Decision Making -- Beware of Black Box Opinions -- Conclusion -- ch. 3 The Credibility Pyramid and the Importance of a Well-Defined Analytical Process -- The Importance of Process -- The Valuation Process -- The Credibility Pyramid -- Three Problem-Solving Phases -- Conclusion -- ch. 4 Pyramids, Not Castles -- Why Is Credibility Important? -- Reasonable Assurance -- Generally Accepted Practices -- Generally Accepted Practices Lead to Uniformity and Professional Consensus -- Analytical Gaps -- Informed Judgment -- Conclusion -- ch. 5 Climbing the Credibility Pyramid -- The Importance of Revenue Ruling 59-60 -- Identification of Key Pre-Engagement Parameters -- Planning to Acquire Knowledge about the Subject -- General Planning Considerations -- The Importance of the Standard of Value as You Climb the Pyramid -- Self-Assessment Tools -- Stepped Reading -- Conclusion -- ch. 6 How to Develop and Report Your Opinion -- Practice Presenting Your Written Findings Orally -- Valuation Adjustments -- Description of a Benchmarking Methodology Used by Valuation Analysts -- Benchmarking: Relative Weights and Qualitative Analysis -- Make Sure There Are No Analytical Gaps in the Development and Derivation of Growth Rates -- Incorporating Prospective Information That Is Presented into Your Opined Results -- Reporting Your Opined Results -- Conclusion -- ch. 7 Reasonableness Tests -- Determining Reasonableness -- Example 1: Derived Estimate of Value -- Example 2: Guideline Company Method -- Example 3: Use of Market Multiples -- Example 4: Federal Tax Compliance -- Conclusion -- ch. 8 Enhancing the Integrity of Your Opinion -- Understanding the Credibility Threshold -- Understanding the Scope Undertaken -- Understanding Analytical Responsibilities and the Impact of Matter/Cause/Effect Analysis -- Conduct Your Analysis within the Parameters of the Economic Reality Relevant to the Facts and Circumstances -- Maintain a High Level of Professional Skepticism and Engagement Awareness -- Review Your Analytical Process for Relevance and Typical Common Errors -- Be Ready to Respond to Ethical Challenges -- Enhancing the Integrity of Your Opinion When at Trial or in Hearings -- Enhancing the Integrity of Your Opinion When at Deposition -- Conclusion -- ch. 9 Reviewing the Work of Others -- Review Engagement Procedures to Consider -- Preparing a Document Request for a Review Engagement -- The Role to Be Assumed: Reviewing Expert or Reviewing Consultant -- Limiting Conditions and Assumptions -- Determining an Appropriate Scope for Your Review -- Minimum Scope Considerations in a Review Engagement -- Conclusion of a Business Appraisal Review Engagement -- Business Appraisal Review Opinion -- Reviewer's Independence -- Common Errors and Analytical Gaps Found in Valuation Reports -- Conclusion -- ch. 10 The Journey Continues -- Definition of Credibility -- Attributes Attached to a Credible Opinion -- Separating Decision Making from Opining -- A Note on Generally Accepted Principles and Practices -- A Definition of the Concept of Informed Judgment -- Suggestions for Assessing Your Own Methodology -- The Importance of Reasonableness Tests -- Suggestions for Enhancing the Integrity of Your Opinion -- Conclusion.