
Wiley - Wiley
Release date: 2005-06-08
Hardcover
Author: David Wessels
Finance & Accounting, Business & Economics, Business / Economics / Finance, Business/Economics, Corporate Finance, Business & Economics / Finance, Bedrijfswaarde., Corporations, Handbooks, manuals, etc, Taxatie., Valuation, gtt




The workbook force you to look at the information you received from "Valuation" from different perspective and you will recognize what you missed or misunderstood. Also, application of "Valuation" concepts in a controlled environment will make you confident that you are applying "Valation" correctly/appropriately in the real life. This is important since the matter being discussed is directly related to money!
The book itself is excellent and exactly what I was hoping for.
Amazon Customer services assured me that the CD was included and even sent me a second copy but there was no CD again..... I thought it was too much of a bargain to be true...and it was !! I will scrutinise the summary more diligently next time ;)
I found this book to be a great read in learning about all the various aspects that go into the valuation of a company. It does a great job of making you look at what makes a company tick and how it affects a valuation.
The base of the book is the DCF (Discounted Cash Flows) model. It describes many of the formulas used. I am not a math major or anything so many of them were over my head. The authors did a good job of describing the formulas but if you don't have a good solid foundation it will take a while to break down the formulas.
I did come across many areas in the book that justifies any kind of forecasting is mediocre at best. It's not an exact science and any kind of model is just that - a model of a perfect world. The world is not perfect but perhaps a DCF model is the closest you'll get to being real in a perfect storm.