Valuing Accounting Practices

This book helps CPAs assess the value of their practices so they can make informed decisions about merging with, acquiring, or being acquired by other CPA firms or other types of business. It describes the valuation of accounting practices and of partial ownership interests in those practices. It addresses why and when to conduct valuations; how to conduct and report valuations; theoretical concepts of various valuation approaches; and practical application of various valuation methods. Includes numerous checklists, quantitative examples, appendices, bibliographies.