Tolley's Practical Share and Business Valuation

Section 1 - General; 
1. Introduction; 
2. Nature and types of shares; 
3. Shareholders' rights and obligations; 
4. Shareholder returns; 
5. Voting influence and value; 
6. Occasions of valuation;

Section 2 - Valuer's liability; 
7. The present position; 
8. Auditor standard v Specialist standard;

Section 3 - Methods of analysis; 
9. Dividend yields and cover; 
10. The Earnings bases - P/E ratio, Pre-tax multiple, EBIT, EBITDA, Discounted Cash Flow;

Section 4 - Mechanics of valuation; 
11. Introduction - types of company and size of holding;
12. Yield basis; 
13. Earnings basis; 
14. Asset basis; 
15. Industry rules of thumb; 
16. Redundant assets & Hybrid valuations; 
17. Unincorporated businesses;

Section 5 - Fiscal Valuation; 
18. Statutory open market - IHT and CGT; 
19. Information standards; 
20. Fiscal valuations; 
21. Employee shares - UMV and AMV; 
22. Dealing with SAV; 
23. Business Property relief;

Section 6 - Non-fiscal valuation; 
24. Articles' valuations; 
25. Shareholder disputes; 
26. Quasi-partnership; 
27. Valuations for Matrimonial purposes;

Section 7 - Fiscal and non-fiscal compared; 
28. Statutory open market value v open market value;

Section 8 - Intangibles; 
29. Goodwill; 
30. Other intangibles;

Section 9 - International valuation aspects; 
31. Cross border transactions;

Section 10 - The Expert Witness; 
32. The expert's obligations and CPR Part 35 reports;

Section 11 - Valuation for accounts' purposes; 
33. Share options - IFRS 2/FRS 20; 
34. Intangibles - IFRS 3;

Appendices