First published in 1981, Valuing a Business set the standard for excellence in the appraisal field and is today the world's most respected valuation reference.The Fifth Edition of Valuing a Business keeps you abreast of all the legal, financial, and compliance changes that have taken place in recent years_from executive compensation and lost profits analysis…to ESOP issues and valuation discounts.Written by Shannon Pratt, “the father of business valuation,” this expert resource features timely information on such key subjects as estate and gift tax valuations, property tax and income tax valuation, financial reporting and GAAP compliance valuation, and new FASB valuation issues.Filled with clear, concise chapters on every aspect of modern valuation, Valuing a Business enables you to:Learn all issues that must be addressed to properly value a business Keep up with recent GAAP and FASB changes Discover how compliance affects valuation Benefit from new material, including: the latest information on legal and accounting issues; explanations of new case law; and new guidelines for valuing executive compensation and ESOP programsFor over 25 years, Valuing a Business has provided professionals and students with expert business valuation information, offering clear, concise coverage of valuation principles and methods. Over the decades, the book's unsurpassed explanations of all valuation issues have made it the definitive text in the field, against which every other business valuation book is measured.Now updated with new legal, financial, and compliance material, the Fifth Edition of Valuing a Business presents detailed answers to virtually all valuation questions_ranging from executive compensation and lost profits analysis…to ESOP issues and valuation discounts.Written by Shannon Pratt, one of the world's leading authorities on business valuation, this updated classic offers a complete “one-stop” compendium of information on the full range of valuation concepts and methods. Valuing a Business contains step-by-step discussions and analyses of: