| Description |
1 online resource |
| Contents |
Determination of Value; Contents; Preface; Acknowledgments; CHAPTER ONE The Problem; IN SEARCH OF A TRUTH; THE ASSURANCE EXPERT; CREDIBILITY IS NOT SYNONYMOUS WITH TRUTH; WHERE DO WE GO FROM HERE?; CHAPTER TWO The Solution; TOWARD A DEFINITION OF CREDIBILITY; THE ATTRIBUTES THAT MAKE YOU CREDIBLE; OPERATIONAL CREDIBILITY ATTRIBUTES; Replication; Relevance; Reliability; Reasonableness; Generally Accepted Methods and Procedures (General Acceptability); Transparency; Adequate Disclosures; Nonadvocacy; Completeness; PERSONAL CREDIBILITY ATTRIBUTES; GENERAL OBSERVATIONS ABOUT "CREDIBILITY." |
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Credibility Is a ThresholdCredibility Does Not Exist in a Vacuum; Credibility Requires Consensus; Credibility Is the Result of Process; Credibility Is Foundational and Dynamic in Nature; To Be Credible, You Must Be Stakeholder Driven; To Be Credible, You Should Also Be Thoughtful; CREDIBILITY IS NOT SYNONYMOUS WITH TRUTH; DON'T CONFUSE OPINING WITH DECISION MAKING; BEWARE OF BLACK BOX OPINIONS; CONCLUSION; NOTES; CHAPTER THREE The Credibility Pyramid and the Importance of a Well-Defined Analytical Process; THE IMPORTANCE OF PROCESS; THE VALUATION PROCESS; Principal Sources of Information |
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Income ApproachStandard and Premise of Value; THE CREDIBILITY PYRAMID; THREE PROBLEM-SOLVING PHASES; Rule 701, "Opinion Testimony by Lay Witnesses"; Rule 702,"Testimony by Experts"; Rule 703, "Bases of an Expert's Opinion Testimony"; CONCLUSION; CHAPTER FOUR Pyramids, Not Castles; WHY IS CREDIBILITY IMPORTANT?; Credibility Requires Execution; Credibility Requires Inclusion of Alternative and/or Competing Views; Credibility Requires Consideration of Economic Realities; Credibility Requires a Nexus to the Underlying Data; Credibility Requires Illustration; REASONABLE ASSURANCE |
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GENERALLY ACCEPTED PRACTICESA Body of Knowledge; Avoiding Misunderstandings; Assessing General Acceptability in the Determination of Value; GENERALLY ACCEPTED PRACTICES LEAD TOUNIFORMITY AND PROFESSIONAL CONSENSUS; ANALYTICAL GAPS; INFORMED JUDGMENT; CONCLUSION; NOTES; CHAPTER FIVE Climbing the Credibility Pyramid; THE IMPORTANCE OF REVENUE RULING 59-60; IDENTIFICATION OF KEY PRE-ENGAGEMENT PARAMETERS; PLANNING TO ACQUIRE KNOWLEDGE ABOUTTHE SUBJECT; GENERAL PLANNING CONSIDERATIONS; Preparation of an Engagement Agreement; Identification of Relevant Documents and Information to Be Requested |
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Obtaining a Representation MemoTHE IMPORTANCE OF THE STANDARD OF VALUE AS YOU CLIMB THE PYRAMID; Fair Market Value; "Matrimonial" Standard of Value; Fair Value; SELF-ASSESSMENT TOOLS; STEPPED READING; CONCLUSION; NOTES; CHAPTER SIX How to Develop and Report Your Opinion; PRACTICE PRESENTING YOUR WRITTEN FINDINGS ORALLY; VALUATION ADJUSTMENTS; Conceptual Framework of Valuation Adjustments; Discount for Lack of Marketability; DESCRIPTION OF A BENCHMARKING METHODOLOGY USED BY VALUATION ANALYSTS; Management Planning, Inc., Study; Johnson/Park Study |
| Summary |
How to develop and support a credible opinion of value based on a foundational framework This book provides 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. It introduces a well defined framework of key credibility concepts and procedures at each step of the appraisal process, including reasonableness tests, valuation methodologies, financial analysis, economic and indus |
| Notes |
Print version record |
| Subject |
Valuation.
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Corporations -- Valuation.
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Evaluation.
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appraisals (financial records)
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BUSINESS & ECONOMICS -- Accounting -- Managerial.
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Evaluation
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Corporations -- Valuation
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Valuation
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| Form |
Electronic book
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| ISBN |
1299533876 |
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9781299533875 |
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9781118331491 |
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1118331494 |
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