First published in 1981, Valuing a Business is today the world's most widely followed valuation reference. As more professional associations than ever offer valuation education and credentials, this Fourth Eidtion - with 10 new chapters that significantly expand the book's scope - promises to appeal to an even broader market. This easy-to-use reference features increased emphasis on vlauation court cases and decisions; new information on arbitration and mediation; updated data on stock option valuation; and much more. ÍNDICE: Part I: State of the Profession, the Engagement, and the Basic Theory. Business Valuation Standards and Credentials. Defining the Assignment. Business Valuation Theory and Principles. Part II: Gathering and Analyzing Data. Gathering Company Data. Site Visits. Researching Economic and Industry Information. Analyzing Financial Statements. Financial Statement Ratio Analysis. Part III: Business Valuation Approaches and Methods. Income Approach: Discounted Future Economic Income Method. Income Approach: Capitalized Future Economic Income Method. Market Approach: Guideline Publicly Traded Company Method. Market Approach: Guideline Merged and Acquired Company Method. The Capitalized Excess Earnings Method. Asset-Based Approach: Asset Accumulation Method. Part IV: Discounts, Premiums, and the Value Conclusion. Control and Acquisition Premiums. Discount for Lack of Control. Discounts for Illiquidity and Lack of Marketability. Other Valuation Discounts. Valuation Synthesis and Conclusion. Part V: Writing and Reviewing Valuation Reports. Writing the Business Valuation Report. Sample Report. Reviewing a Business Valuation Report. Part VI: Valuing Specific Securities and Interests. Valuing Debt Securities. Valuing Preferred Stock. Valuing Stock Options. Pass-Through Entities. Part VII: Valuations for Specific Purposes. Valuations for Estate and Gift Tax Purposes. Estate and Gift Tax Court Cases. Buy-Sell Agreements. Valuation for Income Tax Purposes. Income