{"product_id":"determination-of-value-9781118287897","title":"Determination of Value","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eProvides knowledge and guidance to valuation practitioners on achieving a new level of professionalism and credibility, as well as to those stakeholders in the valuation process in need of assessing the credibility of an appraiser's work product for decision-making purposes.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: The Problem 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn Search of a Truth 1\u003c\/p\u003e \u003cp\u003eThe Assurance Expert 4\u003c\/p\u003e \u003cp\u003eCredibility Is Not Synonymous with Truth 7\u003c\/p\u003e \u003cp\u003eWhere Do We Go from Here? 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: The Solution 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eToward a Defi nition of Credibility 9\u003c\/p\u003e \u003cp\u003eThe Attributes That Make You Credible 10\u003c\/p\u003e \u003cp\u003eOperational Credibility Attributes 11\u003c\/p\u003e \u003cp\u003ePersonal Credibility Attributes 19\u003c\/p\u003e \u003cp\u003eGeneral Observations about “Credibility” 21\u003c\/p\u003e \u003cp\u003eCredibility Is Not Synonymous with Truth 23\u003c\/p\u003e \u003cp\u003eDon’t Confuse Opining with Decision Making 25\u003c\/p\u003e \u003cp\u003eBeware of Black Box Opinions 26\u003c\/p\u003e \u003cp\u003eConclusion 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: The Credibility Pyramid and the Importance of a Well-Defined Analytical Process 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Importance of Process 29\u003c\/p\u003e \u003cp\u003eThe Valuation Process 31\u003c\/p\u003e \u003cp\u003eThe Credibility Pyramid 34\u003c\/p\u003e \u003cp\u003eThree Problem-Solving Phases 36\u003c\/p\u003e \u003cp\u003eConclusion 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Pyramids, Not Castles 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Is Credibility Important? 44\u003c\/p\u003e \u003cp\u003eReasonable Assurance 47\u003c\/p\u003e \u003cp\u003eGenerally Accepted Practices 50\u003c\/p\u003e \u003cp\u003eGenerally Accepted Practices Lead to Uniformity and Professional Consensus 54\u003c\/p\u003e \u003cp\u003eAnalytical Gaps 55\u003c\/p\u003e \u003cp\u003eInformed Judgment 56\u003c\/p\u003e \u003cp\u003eConclusion 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Climbing the Credibility Pyramid 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Importance of Revenue Ruling 59–60 61\u003c\/p\u003e \u003cp\u003eIdentification of Key Pre-Engagement Parameters 63\u003c\/p\u003e \u003cp\u003ePlanning to Acquire Knowledge about the Subject 65\u003c\/p\u003e \u003cp\u003eGeneral Planning Considerations 69\u003c\/p\u003e \u003cp\u003eThe Importance of the Standard of Value as You Climb the Pyramid 79\u003c\/p\u003e \u003cp\u003eSelf-Assessment Tools 83\u003c\/p\u003e \u003cp\u003eStepped Reading 87\u003c\/p\u003e \u003cp\u003eConclusion 88\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: How to Develop and Report Your Opinion 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePractice Presenting Your Written Findings Orally 91\u003c\/p\u003e \u003cp\u003eValuation Adjustments 102\u003c\/p\u003e \u003cp\u003eDescription of a Benchmarking Methodology Used by Valuation Analysts 106\u003c\/p\u003e \u003cp\u003eBenchmarking: Relative Weights and Qualitative Analysis 111\u003c\/p\u003e \u003cp\u003eMake Sure There Are No Analytical Gaps in the Development and Derivation of Growth Rates 115\u003c\/p\u003e \u003cp\u003eIncorporating Prospective Information That Is Presented into Your Opined Results 119\u003c\/p\u003e \u003cp\u003eReporting Your Opined Results 126\u003c\/p\u003e \u003cp\u003eConclusion 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Reasonableness Tests 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDetermining Reasonableness 132\u003c\/p\u003e \u003cp\u003eExample 1: Derived Estimate of Value 136\u003c\/p\u003e \u003cp\u003eExample 2: Guideline Company Method 139\u003c\/p\u003e \u003cp\u003eExample 3: Use of Market Multiples 144\u003c\/p\u003e \u003cp\u003eExample 4: Federal Tax Compliance 145\u003c\/p\u003e \u003cp\u003eConclusion 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Enhancing the Integrity of Your Opinion 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Credibility Threshold 150\u003c\/p\u003e \u003cp\u003eUnderstanding the Scope Undertaken 152\u003c\/p\u003e \u003cp\u003eUnderstanding Analytical Responsibilities and the Impact of Matter\/Cause\/Effect Analysis 154\u003c\/p\u003e \u003cp\u003eConduct Your Analysis within the Parameters of the Economic Reality Relevant to the Facts and Circumstances 156\u003c\/p\u003e \u003cp\u003eMaintain a High Level of Professional Skepticism and Engagement Awareness 157\u003c\/p\u003e \u003cp\u003eReview Your Analytical Process for Relevance and Typical Common Errors 160\u003c\/p\u003e \u003cp\u003eBe Ready to Respond to Ethical Challenges 162\u003c\/p\u003e \u003cp\u003eEnhancing the Integrity of Your Opinion When at Trial or in Hearings 163\u003c\/p\u003e \u003cp\u003eEnhancing the Integrity of Your Opinion When at Deposition 166\u003c\/p\u003e \u003cp\u003eConclusion 166\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Reviewing the Work of Others 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReview Engagement Procedures to Consider 170\u003c\/p\u003e \u003cp\u003ePreparing a Document Request for a Review Engagement 172\u003c\/p\u003e \u003cp\u003eThe Role to Be Assumed: Reviewing Expert or Reviewing Consultant 173\u003c\/p\u003e \u003cp\u003eLimiting Conditions and Assumptions 174\u003c\/p\u003e \u003cp\u003eDetermining an Appropriate Scope for Your Review 175\u003c\/p\u003e \u003cp\u003eMinimum Scope Considerations in a Review Engagement 177\u003c\/p\u003e \u003cp\u003eConclusion of a Business Appraisal Review Engagement 177\u003c\/p\u003e \u003cp\u003eBusiness Appraisal Review Opinion 178\u003c\/p\u003e \u003cp\u003eReviewer’s Independence 182\u003c\/p\u003e \u003cp\u003eCommon Errors and Analytical Gaps Found in Valuation Reports 183\u003c\/p\u003e \u003cp\u003eConclusion 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: The Journey Continues 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of Credibility 189\u003c\/p\u003e \u003cp\u003eAttributes Attached to a Credible Opinion 190\u003c\/p\u003e \u003cp\u003eSeparating Decision Making from Opining 192\u003c\/p\u003e \u003cp\u003eA Note on Generally Accepted Principles and Practices 193\u003c\/p\u003e \u003cp\u003eA Definition of the Concept of Informed Judgment 193\u003c\/p\u003e \u003cp\u003eSuggestions for Assessing Your Own Methodology—the Importance of Reasonableness Tests 194\u003c\/p\u003e \u003cp\u003eSuggestions for Enhancing the Integrity of Your Opinion 194\u003c\/p\u003e \u003cp\u003eConclusion 195\u003c\/p\u003e \u003cp\u003eAppendix 197\u003c\/p\u003e \u003cp\u003eAbout the Author 209\u003c\/p\u003e \u003cp\u003eIndex 211\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406846042455,"sku":"9781118287897","price":60.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118287897.jpg?v=1730497321","url":"https:\/\/bookcurl.com\/products\/determination-of-value-9781118287897","provider":"Book Curl","version":"1.0","type":"link"}