En savoir plus
Informationen zum Autor James P. Catty has been engaged in business valuations around the world for more than fifty years and has undertaken speaking engagements in China, Germany, Romania, Taiwan, Turkey, the U.K., and the U.S. He is Chairman of the International Association of Consultants, Valuators and Analysts (IACVA); President of Corporate Valuation Services Limited (CVS), Toronto; and of counsel to Hanlin Moss, PS in Seattle, Washington, and Xi'an, China. Catty is the author of the Wiley Guide to Fair Value under IFRS. Klappentext An all-encompassing guide to the elements and basics of fair valueWith the important role fair value is playing in the creation of a converged set of global accounting standards, demand for products in this category is growing spectacularly. The elements and basics of fair value are covered, including risk, dealing with the SEC, and details on legal responsibility. In addition, sample financial statements are included, along with tables, recommended applicable techniques, and management checklists for those who are responsible for preparing and approving of financial statements.* Written by the Chairman and co-CEO of the International Association of Consultants, Valuators and Analysts (IACVA)* Includes sample financial statements of both U.S. and foreign companiesAppropriate for anyone involved professionally with finance--managers, accountants, investors, bankers, instructors, and students--The Professional's Guide to Fair Value is a reliable reference on the ins and outs of fair value financial disclosure. Zusammenfassung An all-encompassing guide to the elements and basics of fair value With the important role fair value is playing in the creation of a converged set of global accounting standards, demand for products in this category is growing spectacularly. Inhaltsverzeichnis Preface xi Acknowledgments xv Chapter 1: Significance of Value 1 Business Uses for Valuation 2 Mergers and Acquisitions 2 Financial Reporting 3 Investment Bankers versus Valuators 8 Valuation Requirements 8 Litigation Risks 9 Ten Commandments of Valuation 10 Chapter 2: Fair Value Concept 13 Relevant Pronouncements 14 Definitions 14 Market Participants 15 Fair Value Accounting 16 Revaluation under IFRS 16 Other Types of Value 17 Valuation Principles 19 Reporting and Cash-Generating Units 20 Chapter 3: Fair Value Framework 21 Stage 1: Determine the Unit of Account 22 Stage 2: Evaluate the Premise of Value 24 Stage 3: Assess the Principal Market 29 Stage 4: Establish the Most Advantageous Market 30 Stage 5: Select Appropriate Valuation Methods 33 Stage 6: Estimate Fair Value Conclusions 37 Chapter 4: Taming the Future 41 Definitions 42 Effect of Market Participants' Assumptions 43 Scenario Analysis 45 Scenario Implications 49 Chapter 5: Projecting What Is to Come 53 Base the Future on the Past 54 The Truth Is in the Parts 56 Avoid Unnecessary Risks 59 Garbage In, Garbage Out 63 Believable and Likely Conclusions 66 Quality of Earnings 67 Conclusion 68 Chapter 6: The Market Approach to Fair Value 69 Nature of Markets 70 Classifying Assets 72 Comparable Transactions 74 Guideline Entities 76 Guideline Entities Example 79 Licensed Asset Example 82 Conclusion 84 Chapter 7: The Cost Approach to Fair Value 85 Current Replacement Cost 85 Deductions 87 Integrating the Factors 90 Residual Value 92 Useful Lives 92 Valuing Intangible Assets by the Cost Approach 97 Conclusion 103 Chapter 8: The Income Approach to Fair Value 105 Capitalization ...
