Business Valuation Update
- How to Review a Report’s Valuation Methodology
- Ideas for Solving Two Problems in the BV Profession
- How Do Your Firm’s Benefits Stack Up?
- Using Rule of Thumb Data to Uncover Cooked Books
What to Do About Applying Size Premia in Australia
The size premium is an important valuation issue for two reasons: (1) it is difficult to estimate; and (2) its inclusion in deriving a cost of capital can have a material effect on the outcome of a valuation assignment. This article provides an overview of the current status of the size effect and size premia in Australia, examples of cases from Australian courts and tribunals in which size premia have been considered, and the issues and challenges faced in estimating size premia within the Australian market.
Time to Update the Guiding Principles to a Valuation Report
In my 40 years in the business valuation profession, I have seen the typical valuation report go from three or four pages to 50 pages or more. The increasing complexity that has become inherent in the business valuation community has mandated a good part ...
Making an Impact on Your Firm’s Value
Most of your clients start out with at least some notion of what their business is worth, but little understanding of specific value drivers that would support a realistic assessment. Your role as a business valuation professional is to consider all of th ...
The Expert Witness Process: Tips for Valuation Practitioners
The author developed and taught the AICPA course in expert witnessing, and he shares his advice for the entire process, from securing the engagement to cross-examination.