VALUING A COMPANY
Description...

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Prerequisite - None

Program Level - Basic

Advance Preparation - None

Instructional Delivery Method - This course includes a minimum of 5 review questions with correct and incorrect responses and 5 exam questions for each cpe hour. For the best results we recommend the following steps to complete this course:

(1) Complete the reading assignments. We recommend you read and study all of the required materials prior to beginning the review or final exam.

(2) Complete the related review questions. Each review question offers interactive feedback for all questions. We recommend that you view all feedback, correct and incorrect, to each question. These responses focus on key areas related to the questions and will assist in preparing for the exam.

(3) Complete the exam. Review any incorrect answers

Recommended CPE Credit - 12 hours. These hours are based on pilot testing results and a 100 minute study hour.

Course Registration Requirements - CPAs should check the Sponsor Information page to determine if this course is available in their state of registration. Not suitable for EAs.

Lesson and Objectives

Reading
Assignment

Valuing a Company  

1. Setting the Stage

Chapter 1

The learning objectives for this lesson are to gain an understanding of:

  • Fair market value
  • Myths commonly associated with business value

 

2. Dispelling Perception About Value
Chapter 2

The learning objectives for this lesson are to gain an understanding of:

  • What is value
  • Publicly traded companies
  • Closely held companies
  • Focus of perceptions
3. Intangible Values
Chapter 3

The learning objectives for this lesson are to gain an understanding of:

  • Internal and external forces
4. Industry and Economic Forces
Chapter 4

The learning objectives for this lesson are to gain an understanding of:

  • Industry
  • Local, regional, and national economic forces
5. The Four Steed in Business Valuation
Chapter 5

The learning objectives for this lesson are to gain an understanding of:

  • Argument:: the steed of war
  • Controversy: the steed of conquest
  • Joinder: the steed of pestilence
  • The steed of death
6. Nontraditional Valuation Practitioners
Chapter 6

The learning objectives for this lesson are to gain an understanding of:

  • Business brokers
  • Commercial bankers, accountants, and lawyers
7. The Data Collection Process
Chapter 7

The learning objectives for this lesson are to gain an understanding of:

  • Purpose
8. Setting the Records Straight
Chapter 8

The learning objectives for this lesson are to gain an understanding of:

  • Reconstruction and weighting cash flows
  • Typical items for reconstruction
  • Weighting the cash streams
9. Valuation Techniques
Chapter 9

The learning objectives for this lesson are to gain an understanding of:

  • This is what counts method
  • Appropriate purchase price
  • Book value method
  • Adjusted book value method
  • Hybrid method
  • Excess earnings method
10. Practice with an Excess Earnings Method
Chapter 10

The learning objectives for this lesson are to gain an understanding of:

  • A hypothetical case
11. Professional-Practice Method
Chapter 11

The learning objectives for this lesson are to gain an understanding of:

  • Key features
  • When to value
  • The valuation task
  • The valuation session
  • The task
  • Rule-of-thumb estimates
12. Small Manufacturer Valuation
Chapter 12

The learning objectives for this lesson are to gain an understanding of:

  • A valuation exercise
  • Financial analysis
  • Rule-of-thumb estimates
  • Discounted cash flow
13. Valuation of a Restaurant
Chapter 13

The learning objectives for this lesson are to gain an understanding of:

  • A valuation exercise
  • Rule-of-thumb estimates
14. Seventy cents on the Dollar
Chapter 14

The learning objectives for this lesson are to gain an understanding of:

  • A bankruptcy court proposal
15. Retail Home-Decorating Business Valuation
Chapter 15

The learning objectives for this lesson are to gain an understanding of:

  • A valuation exercise
  • Financial analysis
  • Rule-of-thumb estimates
16. Retail Hardware Stores
Chapter 16

The learning objectives for this lesson are to gain an understanding of:

  • Financial analysis
  • A valuation exercise
17. Retail Garden Center
Chapter 17

The learning objectives for this lesson are to gain an understanding of:

  • Financial analysis
  • A valuation exercise
18. Grocery Store
Chapter18

The learning objectives for this lesson are to gain an understanding of:

  • Financial analysis
  • A valuation exercise
19. Manufacturer with Mail-Order Sales
Chapter 19

The learning objectives for this lesson are to gain an understanding of:

  • Financial analysis
  • A valuation exercise
  • Rule-of-thumb estimates
20. Wholesale Distributor
Chapter20

The learning objectives for this lesson are to gain an understanding of:

  • A valuation exercise
21.A Practice Session
Chapter 21

The learning objectives for this lesson are to gain an understanding of:

  • A marina valuation exercise
22. Value and Price
Chapter 22

The learning objectives for this lesson are to gain an understanding of:

  • Down payments
  • Salary or wage
  • The rest of the story
23. Yegges' Rules for Making Deals Work
Chapter 23

The learning objectives for this lesson are to gain an understanding of:

  • Key points for making deals succeed

 

 

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