{"product_id":"executives-guide-to-fair-value-9780470173299","title":"Executives Guide to Fair Value","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003ePraise for Executive''s Guide to Fair Value: Profiting from the New Valuation Rules\u003cbr\u003e \u003cbr\u003e The advent of fair value reporting is not your Momma''s (or your Papa''s) kind of accounting. If you''re a financial professional above the age of twenty-five who is working in industry, read this book. From choosing a fair value specialist to the perils of ''made as instructed'' valuations to purchase price allocations to impairment testing to that SEC tripwire, customer relationships, fair value expert Al King gets it right. And he does so with neither jargon nor literary anesthesia. As a former CFO myself, all I can say is WOW!\u003cbr\u003e -Warren D. Miller, CFA, ASA, CMA, CPA, Cofounder, Beckmill Research\u003cbr\u003e \u003cbr\u003e A hands-on guide for financial executives\u003cbr\u003e \u003cbr\u003e needing to understand the appraisal process\u003cbr\u003e \u003cbr\u003e Executive''s Guide to Fair Value: Profiting from the New Valuation Rules brings senior level executives up to speed on what fair value really means. This new book addr\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"….the author offers a treasure trove of information presented in a razor-sharp style. All in all, this is a splendid offering. Mr. King writes with real authority and has fashioned a book that will benefit any financial executive in understanding the scope and context of these important valuation and reporting concepts.\" (\u003ci\u003eEstate Planning\u003c\/i\u003e, June 2008)\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eChapter 1. What is Fair Value?\u003c\/b\u003e  \u003cp\u003eFASB is Pushing Fair Value.\u003c\/p\u003e \u003cp\u003eFinancial Instruments and the Legacy of Enron.\u003c\/p\u003e \u003cp\u003eTheoretical Merits of Fair Value Accounting.\u003c\/p\u003e \u003cp\u003eFair Value is the New Paradigm.\u003c\/p\u003e \u003cp\u003eHow Reliable are Fair Values?\u003c\/p\u003e \u003cp\u003eRelevance of Fair Value.\u003c\/p\u003e \u003cp\u003eHow Exact Can the Determination of Fair Value Be?\u003c\/p\u003e \u003cp\u003eDeal Expenses.\u003c\/p\u003e \u003cp\u003eManaging Earnings: The Potential for Manipulation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2. Valuation of a Business: What Is It \u003ci\u003eReally\u003c\/i\u003e Worth?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFundamental Basis of All Values.\u003c\/p\u003e \u003cp\u003eComparable Assets Can Determine Fair Value.\u003c\/p\u003e \u003cp\u003eDiscounted Cash Flow- The Income Approach.\u003c\/p\u003e \u003cp\u003eDeveloping Supportable Cash Flow Projections.\u003c\/p\u003e \u003cp\u003eEarnings Before Interest Taxes Depreciation and Amortization (EBITDA).\u003c\/p\u003e \u003cp\u003eMyth of Comparable Companies-Making Adjustments.\u003c\/p\u003e \u003cp\u003eDefinition of a Business.\u003c\/p\u003e \u003cp\u003eValuing a Start-Up (Early-Stage) Business.\u003c\/p\u003e \u003cp\u003eMisuse of Valuation Reports.\u003c\/p\u003e \u003cp\u003eBusiness Enterprise Valuations (BEV).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3. Litigation and the \"True\" Determination of Value.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValuation for Divorce Proceedings.\u003c\/p\u003e \u003cp\u003eAppraisal Reports that are \"Made as Instructed\".\u003c\/p\u003e \u003cp\u003eAudience for Appraisal Reports.\u003c\/p\u003e \u003cp\u003eBuy and Sell Agreements.\u003c\/p\u003e \u003cp\u003eDon't Use a Formula.\u003c\/p\u003e \u003cp\u003ePeriodic Valuations of Partnerships, Joint Ventures, and Closely-Held Companies.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4. Accounting for M\u0026amp;A Transactions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSFAS 141- Allocation of Purchase Price.\u003c\/p\u003e \u003cp\u003eFair Values Impact Future Reported Income.\u003c\/p\u003e \u003cp\u003eMarket Participants.\u003c\/p\u003e \u003cp\u003eChoice of Life for Amortization and Depreciation.\u003c\/p\u003e \u003cp\u003eAsset Lives.\u003c\/p\u003e \u003cp\u003eLives for Intangible Assets: Indefinite versus Fixed.\u003c\/p\u003e \u003cp\u003eMinimizing Reported Income.\u003c\/p\u003e \u003cp\u003eGoodwill.\u003c\/p\u003e \u003cp\u003eSolvency Opinions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5. Due Diligence: What is the Real Value of the Target's Business?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Projections.\u003c\/p\u003e \u003cp\u003eEstimating the Value of Working Capital.\u003c\/p\u003e \u003cp\u003eEstimating the Value of Property, Plant, and Equipment.\u003c\/p\u003e \u003cp\u003eEstimating the Value of Liabilities.\u003c\/p\u003e \u003cp\u003eEstimating the Value and Life of Intangible Assets.\u003c\/p\u003e \u003cp\u003eLives for Amortization.\u003c\/p\u003e \u003cp\u003eGoodwill on the Target’s Books.\u003c\/p\u003e \u003cp\u003eEstimating the Value of Contingent Liabilities.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6. Valuation of Liabilities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe FASB's Motives for Changing SFAS 5.\u003c\/p\u003e \u003cp\u003eRegulatory Response to the Potential for Manipulation.\u003c\/p\u003e \u003cp\u003eAuditing of Valuation Reports.\u003c\/p\u003e \u003cp\u003eValuation of Contingent Payments.\u003c\/p\u003e \u003cp\u003eEnvironmental Liabilities.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7. Fair Value, Property, Plant,\u0026amp; Equipment, and Sarbanes-Oxley.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRequired Controls over PP\u0026amp;E.\u003c\/p\u003e \u003cp\u003eBenefits of a Good Property Record System.\u003c\/p\u003e \u003cp\u003eSummary and Conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8. Allocation of Purchase Price in a Business Combination.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdjusted Purchase Price.\u003c\/p\u003e \u003cp\u003eFinancial Projections.\u003c\/p\u003e \u003cp\u003eFair Value of Working Capital.\u003c\/p\u003e \u003cp\u003eProperty, Plant, \u0026amp; Equipment (PP\u0026amp;E).\u003c\/p\u003e \u003cp\u003eValuation of Intangibles.\u003c\/p\u003e \u003cp\u003eDuplicate Assets- Exit Value and Market Participants.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9. Testing for Impairment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Does the Market Respond to Impairment Write-Offs?\u003c\/p\u003e \u003cp\u003eCan We Control the Timing and Amount of Impairment Charges?\u003c\/p\u003e \u003cp\u003eTesting Goodwill for Impairment.\u003c\/p\u003e \u003cp\u003eCan You Control Impairment Charges?\u003c\/p\u003e \u003cp\u003eChoice of Reporting Unit.\u003c\/p\u003e \u003cp\u003eTrade-Off between Assigning Value to Intangibles and to Goodwill.\u003c\/p\u003e \u003cp\u003eSummary and Conclusion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10. Customer Relationships.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat is a Customer Relationship?\u003c\/p\u003e \u003cp\u003eDefining a Customer Relationship.\u003c\/p\u003e \u003cp\u003eHow to Interpret the EITF Definition of Customer Relationship.\u003c\/p\u003e \u003cp\u003eOne Major Customer.\u003c\/p\u003e \u003cp\u003eSelling New Products or Services.\u003c\/p\u003e \u003cp\u003eReturns on Other Assets.\u003c\/p\u003e \u003cp\u003eTesting Customer Relationships for Impairment.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11. Selecting and Working with an Appraisal Specialist.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvaluating an Appraiser's Experience.\u003c\/p\u003e \u003cp\u003eIndependence and Ethics in Fair Value.\u003c\/p\u003e \u003cp\u003eAuditors: Are They the Final Quality Check?\u003c\/p\u003e \u003cp\u003eExperience in Your Industry versus Overall Experience.\u003c\/p\u003e \u003cp\u003eReducing Costs- Working with Independent Auditors and the SEC.\u003c\/p\u003e \u003cp\u003eSEC Interaction.\u003c\/p\u003e \u003cp\u003eSummary and Conclusions.\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402298630487,"sku":"9780470173299","price":45.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470173299.jpg?v=1730479988","url":"https:\/\/bookcurl.com\/products\/executives-guide-to-fair-value-9780470173299","provider":"Book Curl","version":"1.0","type":"link"}