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Financial Valuation Workbook 5th Edition by Hitchner: Step-by-Step Exercises, Solutions, and Practice Management Tools

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Master the art and science of business valuation with the Financial Valuation Workbook, 5th Edition by James R. Hitchner. This comprehensive digital workbook is the essential companion text, designed to help students, appraisers, CPAs, and financial analysts move from theory to practice. This resource provides a hands-on learning experience through a complete case study of a business valuation report. You will work through approximately 80 guided exercises that cover critical topics such as the Income Approach (including Discounted Cash Flow and Capitalized Cash Flow methods), the Market Approach (Guideline Public Company and Transaction methods), cost of capital, and valuation discounts. Beyond the core case study, this workbook offers over 300 companion exercises and test questions correlated to the chapters of "Financial Valuation Applications and Models," making it an invaluable study aid for professional certification exams. It also includes over 450 "ValTips" for quick reference, a detailed Income Approach valuation process flowchart, and a full suite of practice management tools. What’s Included: Valuation Case Study: A detailed, real-world report with exercises on all major valuation approaches. Complete Solutions: Clear explanations and answers to all case study exercises in a dedicated chapter. Companion Test Questions: Hundreds of multiple-choice and short-answer questions to reinforce learning. Practice Management Guides: Strategies for marketing, managing engagements, and running a valuation practice. Extensive Checklists: Over 40 ready-to-use checklists for information requests, management interviews, report compliance (SSVS, USPAP), and more. ValTips Compilation: A quick-reference summary of key concepts and pitfalls to avoid. This workbook is an indispensable tool for anyone seeking to build expertise in business valuation, pass certification exams, or streamline their professional practice

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Institution
Financial Valuation
Course
Financial Valuation

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,Table of Contents o o




1. COVER
2. TABLE OF CONTENTS
o o




3. TITLE PAGE
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4. COPYRIGHT
5. DEDICATION
6. PREFACE
7. ACKNOWLEDGMENTS
8. ABOUT THE AUTHOR o o




9. CHAPTER 1: Valuation Case Study Exercises
o o o o o




1. 1.1 INTRODUCTION
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2. 1.2 THE VALUATION REPORT
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3. 1.3 HISTORY AND NATURE OF BUSINESS15
o o o o o




4. 1.4 GENERAL ECONOMIC AND INDUSTRY OUTLOOK
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5. 1.5 BOOK VALUE AND FINANCIAL POSITION
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6. 1.6 PROJECTIONS
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7. 1.7 APPROACHES TO VALUE
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8. 1.8 INCOME APPROACH
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9. 1.9 COST OF CAPITAL
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10. 1.10 MARKET APPROACH
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11. 1.11 GUIDELINE PUBLIC COMPANY METHOD
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12. 1.12 GUIDELINE COMPANY TRANSACTIONS METHOD
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13. 1.13 RECONCILIATION OF VALUATION METHODS
o o o o

, 14. 1.14 CONCLUSION OF VALUE
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15. 1.14 ADDENDUM: DISCOUNT CASE STUDY EXERCISES
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16. Notes
0. CHAPTER 2: Valuation Case Study Exercises: Solutions and
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Explanations
1. 2.1 ADDENDUM: DISCOUNT CASE STUDY EXERCISES
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1. CHAPTER 3: Financial Valuation Applications and Models
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Companion Exercises and Test Questions
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1. 3.1 CHAPTER 1: INTRODUCTION TO FINANCIAL
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VALUATION
2. 3.2 CHAPTER 2: STANDARDS OF VALUE
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3. 3.3 CHAPTER 3: RESEARCH AND ITS PRESENTATION
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4. 3.4 CHAPTER 4: FINANCIAL STATEMENT AND COMPANY
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RISK ANALYSIS
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5. 3.5 CHAPTER 5: INCOME APPROACH
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6. 3.6 CHAPTER 6: COST OF CAPITAL/RATES OF RETURN
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7. 3.7 CHAPTER 7: INTERNATIONAL COST OF CAPITAL
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8. 3.8 CHAPTER 8: MARKET APPROACH
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9. 3.9 CHAPTER 9: ASSET APPROACH
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10. 3.10 CHAPTER 10: VALUATION DISCOUNTS AND PREMIUMS
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11. 3.11 CHAPTER 11: REPORT WRITING
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12. 3.12 CHAPTER 12: BUSINESS VALUATION STANDARDS
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13. 3.13 CHAPTER 13: VALUATION OF PASS‐
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THROUGH ENTITIES o

, 14. 3.14 CHAPTER 27D: VALUATION ISSUES IN PREFERRED
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STOCK
15. 3.15 CHAPTER 27E: RESTRICTED STOCK VALUATION
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16. 3.16 CHAPTER 27G: VALUATION ISSUES RELATED TO
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STOCK OPTIONS AND OTHER SHARE‐
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BASED COMPENSATION
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17. 3.17 CHAPTER 14: ESTATE, GIFT, AND INCOME TAX
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VALUATIONS
18. 3.18 CHAPTER 15: VALUATION OF FAMILY LIMITED
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PARTNERSHIPS
19. 3.19 CHAPTER 16: SUMMARY OF COURT CASE VALUATION I
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SSUES
20. 3.20 CHAPTER 17: SHAREHOLDER DISPUTES
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21. 3.21 CHAPTER 18: EMPLOYEE STOCK OWNERSHIP PLANS
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22. 3.22 CHAPTER 19: VALUATION IN THE DIVORCE SETTING
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23. 3.23 CHAPTER 20: VALUATION ISSUES IN SMALL
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BUSINESSES
24. 3.24 CHAPTER 21: VALUATION ISSUES IN PROFESSIONAL
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PRACTICES
25. 3.25 CHAPTER 22: REASONABLE COMPENSATION
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26. 3.26 CHAPTER 23: THE VALUATOR AS EXPERT WITNESS
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27. 3.27 CHAPTER 24: FAIR VALUE MEASUREMENT AND THE
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VALUATION OF INTANGIBLE ASSETS
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28. 3.28 CHAPTER 25: MARKETING, MANAGING, AND MAKING
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Financial Valuation
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Financial Valuation

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