Now in its third edition, Understanding Business Valuation provides a comprehensive treatment of business valuation basics and delivers practical applications for using business valuation theory in your practice. Topics include valuation standards, theory, approaches, methods, discount and capitalization rates, S corporation issues, and much more! New to this edition: · Two new chapters on Business Valuation Standards and Valuing Intangible Assets address common industry standards and the emerging topic of intangible asset valuation. · A new annotated version of AICPA Statement on Standards for Valuation Services No. 1 identifies practical applications and explanations for all sections of the standard. · Greatly expanded discussion on S corporation issues and how to address them when valuing closely held entities. · New and revised exhibits, tables, boxes, and figures illustrate and highlight the most important topics discussed in each chapter. · New two-color interior design strengthens your understanding and makes learning business valuation easier and more convenient than ever. · Author's Note boxes throughout the text draw on the author's veteran, practical experience to identify critical points in the content. · The accompanying CD-ROM includes several new sample reports and one of the most comprehensive bibliographies in business valuation practice.Please note: By special arrangement with the publisher, the CCH school textbook program provides customized service and specialized options tailored to meet the unique needs of teaching academics planning to adopt this book for in-classroom use.