Financial Valuation

Praise for Financial Valuation "This Second Edition addresses virtually all of therecent hot topics in business valuation, and there are many of themsince the first edition. Most chapters are updated with newmaterial, including, especially, the Duff & Phelps Risk PremiumReport as an alternative to Ibbotson's risk premium data. As withthe first edition, the authors are very well-known and provideincisive analysis." --Shannon Pratt, CFA, FASA, MCBA, CM&AA, CEO, ShannonPratt Valuations, LLC "Though the first edition of Mr. Hitchner's book was excellentin all regards, this Second Edition squarely puts Hitchner and histeam of authors at the top of the list of authorities in the fieldof business valuation. Few publications on the subject even comeclose to the book's thorough coverage of the topic, but equallyimpressive is the clarity with which Hitchner depicts and explainshighly complex subject matters. So impressed with FinancialValuation Applications and Models, the National Association ofCertified Valuation Analysts has developed a three-day course basedupon this book entitled, 'Advanced Valuation and Case StudyWorkshop,' which is now a cornerstone training program for ourorganization." --Parnell Black, MBA, CPA, CVA, Chief Executive Officer,NACVA "This book is a valuable resource for every BV library. It hasmaterial not covered in other BV books and this Second Edition hasmuch more information than the first. Financial ValuationApplications and Models is the primary textbook for AICPA'sbusiness valuation education and it covers most of the topics onthe test for the AICPA's Accredited in Business Valuation (ABV)credential. Its thirty authors are nationally respectedpractitioners who have written this book for practitioners. Many ofthe authors are current or former members of the AICPA BusinessValuation Committee and the AICPA BV Hall of Fame." --Michael A. Crain, CPA/ABV, ASA, CFA, CFE, Chair, AICPABusiness Valuation Committee, Managing Director, The FinancialValuation Group "This book has a tremendous wealth of information that allvaluation analysts must have in their libraries. From those juststarting their careers to the most experienced practitioner, allvaluation analysts will benefit from the invaluable information,ranging from fundamental practices to the most innovative economicand valuation ideas of today." --Scott R. Saltzman, CPA, CVA, ASA, DABFA, Managing Member,Saltzman LLC; President, National Association of CertifiedValuation Analysts Coauthors: Mel H. Abraham, R. James Alerding, TerryJacoby Allen, Larry R. Cook, Michael A. Crain, Don M. Drysdale,Robert E. Duffy, Edward J. Dupke, Nancy J. Fannon, John R. Gilbert,Chris Hamilton, Thomas E. Hilton, James R. Hitchner, Steven D.Hyden, Gregory S. Koonsman, Mark G. Kucik, Eva M. Lang, Derald L.Lyons, Michael J. Mard, Harold G. Martin Jr., Michael Mattson,Edward F. Moran Jr., Raymond E. Moran, James S. Rigby Jr., RonaldL. Seigneur, Robin E. Taylor, Linda B. Trugman, Samuel Y.Wessinger, Don Wisehart, and Kevin R. Yeanoplos