"No one has a clearer understanding of valuation than does Al King. He knows the nuts and bolts of this subject, as well as its intricacies, because he has practiced his profession on the factory floor, in the boardroom, and in the courtroom. The mathematics of valuation is easy to understand. Applying the underlying principles to the ever-growing myriad of business assets and issues is very difficult. Only a handful of valuation professionals have the breadth of knowledge and experience necessary to meet that challenge. The author of this book is one of them, and he conveys that experience in a readable style. He writes as he speaks– clearly and to the point. Anyone who wishes to understand the appraisal process as it pertains to business assets needs this book." —Gordon V. Smith, President, AUS Consultants

"Al King’s Valuation: What Assets Are Really Worth aims to give the reader a deep understanding of what ‘value’ really means–and it succeeds brilliantly. King clearly explains why there is no single ‘correct’ value for many assets, using real-world examples to show that the intended purpose of a valuation must affect the result. Further, he offers examples of business problems (sometimes disasters!) caused by faulty understanding of value. Only someone with a truly deep understanding of the subject can explain it with such crystalline clarity." —Robert E. Esch, Retired Executive (General Management), Consultant, and President of Sarah Woods Traditions, Inc.

"What a wonderful, commonsense book for guys like me that covers the minefields of cost, price, and value. Every buyer or seller can gain many valuable insights from Al King’s engaging book." —Thomas Swanston, Executive Vice President, Bassett Furniture Industries

"As usual, Al King has distilled a somewhat complicated area into commonsense business analysis that we can all relate to. His book is a very worthwhile read for professionals and business owners looking to better understand valuation in the broadest sense, as well as how it applies to their particular situation. I highly recommend taking the time to read this book." —Mark Santarsiero, President, Marshall & Stevens

"Al King has taken a complex topic and separated it into easily understandable components, which he highlights with meaningful examples. The result is a resource that attorneys, accountants, and business people in general can use frequently to explain to clients both the importance of ‘valuation’ and the concepts which define it." —Sari Ann Strasburg, Pepe & Hazard LLP

"Al King has put his long and vast experience in the field of valuation and accounting to use in Valuation: What Assets are Really Worth. He uses extensive examples to delineate differences between cost, price, and value. He then proposes that future debate should lead to disclosure and use of ‘value’ on a continuous basis. This book has been authored by a true expert in this field." —Frank C. Minter, CPA, Chair, Institute of Management Accountants

"Jack Fox literally wrote the book on building your own accounting practice. No one is better qualified to guide accountants into developing an accounting practice in the digital age. Building a Profitable Online Accounting Practice is a road map for trailblazing accountants."–Rick Telberg, Senior Editorial Director, Pro2Net.com

The Internet provides accountants with exciting new opportunities for expanding their practices by affording unprecedented access to the huge small-business market. Now, the first comprehensive book on the subject describes highly effective, proven strategies for creating a thriving virtual accounting practice. Written by accounting practice development expert Jack Fox, Building a Profitable Online Accounting Practice presents:

• Successful techniques for identifying potential clients and packaging and marketing services
• In-depth coverage of the services accountants can offer to small-business owners via the Internet
• Complete marketing profiles of the leading virtual accounting service providers
• Detailed business plans

. . . and much more, including tables, forms, checklists, and illustrations to help you enter today’s lucrative online accounting arena.

Praise for the Fourth Edition of Fraud Auditing and Forensic Accounting

"Tommie and Aaron Singleton have made important updates to a book I personally rely very heavily upon: Fraud Auditing and Forensic Accounting (FAFA). In the newest edition, they take difficult topics and explain them in straightforward actionable language. All my students benefitted from reading the third edition of the FAFA to better understand the issues and area of fraud and forensic accounting. With their singular focus on understandability and practicality, this Fourth Edition of the book makes a very important contribution for academics, researchers, practitioners, and students. Bravo "--Dr. Timothy A. Pearson, Director, Division of Accounting, West Virginia University, Executive Director, Institute for Fraud Prevention

"Finally someone has written a book that combines fraud examination and forensic accounting. The authors have clearly explained both in their earlier edition and now they have enhanced the first with additional materials. The order in which the material is presented is easy to grasp and logically follows the 'typical' fraud examination from the awareness that something is wrong to the court case. The explanatory materials presented aid this effort by being both well placed within the book and relevant to the narrative." --Dr. Douglas E. Ziegenfuss, Chair and Professor, Department of Accounting, Old Dominion University

"Fraud Auditing and Forensic Accounting is a masterful compilation of the concepts found in this field. The organization of the text with the incorporation of actual cases, facts, and figures provides a logical and comprehensive basis for learning the intricacies of fraud examination and forensic accounting. The authors successfully blend the necessary basics with advanced principles in a manner that makes the book an outstanding resource for students and professionals alike."--Ralph Q. Summerford, President of Forensic/Strategic Solutions, PC

Frank Fabozzi and Chuck Ramsey update their treatise on nonagency mortgage backed securities in this third edition of The Handbook of Nonagency Mortgage Backed Securities. Focused on an important investing area that continues to grow, this book provides comprehensive coverage of all aspects of this specialized market sector, including the mortgage-related asset-backed securities market and commercial mortgage-backed securities. There is information on raw products, such as jumbo loans, alternative A mortgages, and 125 LTV mortgages, as well as structured products, analytical techniques, prepayment characteristics, and credit issues. This fast-growing segment also includes nonagency pass through, nonagency collateralized mortgage obligations, home loan equity-backed securities, and manufacture housing loan backed securities.

"Advances in Accounting Behavioral Research" publishes quality articles encompassing all areas of accounting that incorporate theory from and contribute knowledge and understanding to the fields of applied psychology, sociology, management science, and economics. The series promotes research that integrates accounting issues with organizational behavior, human judgment/decision making, and cognitive psychology. Volume 7 contains papers on a variety of behavioral accounting topics including tax, financial, audit, forensic, and managerial accounting. One paper in the area of taxation is an insightful look at the influence of the earned income tax credit in which the authors collected the data from low-income individual taxpayers. The other taxation paper examines the variables that influence tax professional judgments. This volume also contains a paper examining the behavioral implications of alternative going concern reporting formats, a particularly timely issue as many countries struggle with how to make financial reporting more transparent. Another study examines how forensic experts at professional service firms assess the factors that indicate financial statement fraud. Three research studies examining performance in a managerial setting are also reported. One investigates the differences between individual and collective budgeting decisions with respect to budgetary slack creation and task performance; a second examines conditions that affect budget team performance; and a third examines whether superiors who evaluate the performance of their subordinates consider information asymmetry. The final paper develops an assurance services model that identifies the gaps in expectations between users and providers of assurance services. Overall, these papers provide interesting insight into the problems examined.

A complete, compact guide to business valuation in divorce litigation

The Handbook for Divorce Valuations is a comprehensive, practical handbook that covers every aspect of the CPA's role in divorce proceedings. It offers clear and detailed coverage of everything from the impact of state law on the practice to the applicability of various valuation methodologies, from establishing valuation credentials to marketing the divorce practice in a highly competitive environment.

The authors, who have a combined total of more than 50 years' experience in divorce practice, lead the reader through each step of a divorce engagement. They recommend the most practical and efficient methods of addressing each issue and point out hazards and potential difficulties along the way. They also explain why and how business valuation in divorce practice differs from valuation in other situations, and they examine the intricacies of data collection and analysis, finding and using industry and comparable company information, discounts and premiums, preparing for depositions and trials, and much more.

For any CPA who works, or is considering working, on family law matters, The Handbook for Divorce Valuations is an incomparable resource that helps practitioners provide the highest level of service to their clients.

A CPA who accepts a business valuation engagement in a family law setting embarks on a unique mission. In most states, business valuations linked to divorce proceedings are governed by different laws than those that apply to other valuations, and because the CPA has become an advocate for one side in an adversarial process, the findings of the valuation are sure to be challenged aggressively by representatives of the other side. Since neither business valuation strategies nor expert witness skills are part of the curriculum of any undergraduate accounting program, CPAs have generally had to acquire them through trial and, unfortunately, error until now.

The Handbook for Divorce Valuations offers practical coverage of every aspect of business valuation in the context of a divorce. From engagement acceptance and administration to divorce-related valuation issues and appearing as an expert witness, this comprehensive guide shows practitioners how to provide the highest level of service in divorce litigation. It helps CPAs:

• Prepare detailed, comprehensive reports on business valuation engagements
• Make the most of guidelines company- and industry-specific information
• Collect and analyze relevant data
• Choose the best valuation methodology
• Prepare for depositions and trials
• Put forth best effort on direct examination
• Survive cross-examination

Divorce litigants depend on thorough, competent professionals to represent their interests. The Handbook for Divorce Valuations helps practitioners ensure that their clients will receive the very best possible representation.

The Blackwell Encyclopedic Dictionary of Accounting provides clear, concise, and highly informative definitions and explanations of the key concepts in accounting. Bringing together specially commissioned and carefully edited entries from an international team of the world's best known and most respected accounting scholars and teachers, this will become the standard reference for students, researchers, academics, and practitioners.

With entries ranging from extended explorations of major topics to short definitions of key terms, this major reference work gives the user authorative and comprehensive coverage of the whole field of accounting.

Called "today's hottest financial idea and getting hotter" by fortune magazine, Economic Value Added (EVA) is the topic of conversation in financial circles around the world, from Germany and Japan to Singapore and South Africa. A revolutionary strategy for creating corporate and shareholder wealth that measures a company's real profitability, it has been adopted by such prominent corporations as Coca-Cola, Eli Lilly, and Siemens AG—with spectacular financial results. Yet, despite its increasing visibility, most executives still only have a vague notion of what EVA is and what it can do for their company. This groundbreaking book explains and clarifies all. Written by Al Ehrbar, a leading business journalist and senior vice president at EVA inventor Stern Stewart & Co., EVA: The Real Key to Creating Wealth provides a complete, accessible overview that examines how exactly EVA works, how it is measured, what it can do to structure incentives for employees, and why it is as potent as it is.

At its most basic, Economic Value Added is a measure of corporate performance that differs from most others by charging profit for the cost of all the capital a company employs, including equity. To help translate principle into real-world practice, Ehrbar presents revealing case histories of EVA success stories, including those of Briggs & Stratton, the U.S. Postal Service, and Coca-Cola, which was catapulted from mediocrity to the number one wealth creator in the world with the addition of EVA.

An in-depth look at a breakthrough idea whose impact is being felt from corporate boardrooms to Wall Street, this indispensable book is must reading for business leaders looking to fully grasp—and profit from—"the real key to creating wealth."

Crucial Help for Getting the Most from Today’s Information Systems Technology Deciding what type of information systems your company will need to stay competitive into the twenty-first century is a highly complex and risky exercise. SAP: An Executive’s Comprehensive Guide provides the information you need to assess your options realistically and make the most informed decisions possible. Written by a team of business, financial, and information systems professionals who have extensive experience with SAP system implementations at Fortune 500 companies, this book:

• Explores the strategic role of client/server enterprise computing now and in the next century
• Helps you to evaluate your company’s long-term IS requirements
• Offers an impartial look at SAP R/3 strengths and weaknesses
• Outlines the costs and benefits involved in implementing SAP R/3
• Helps you decide whether SAP R/3 is right for your organization
• Shows you how to make SAP R/3 an integral part of process redesign
• Covers all key technical SAP aspects of concern to IS professionals

Discover the latest essential resource on asset allocation for students and investment professionals. Part of the CFA Institute's three-volume Portfolio Management in Practice series, Asset Allocation offers a deep, comprehensive -treatment of the asset allocation process and the underlying theories and markets that support it. As the second volume in the series, Asset Allocation meets the needs of both graduate-level students focused on finance and industry professionals looking to become more dynamic investors. Filled with the insights and industry knowledge of the CFA Institute's subject matter experts, Asset Allocation effectively blends theory and practice while helping the reader expand their skillsets in key areas of interest. This volume provides complete coverage on the following topics: Setting capital market expectations to support the asset allocation process Principles and processes in the asset allocation process, including handling ESG-integration and client-specific constraints Allocation beyond the traditional asset classes to include allocation to alternative investments The role of exchange-traded funds can play in implementing investment strategies An integrative case study in portfolio management involving a university endowment To further enhance your understanding of tools and techniques explored in Asset Allocation, don't forget to pick up the Portfolio Management in Practice, Volume 2: Asset Allocation Workbook. The workbook is the perfect companion resource containing learning outcomes, summary overview sections, and challenging practice questions that align chapter-by-chapter with the main text.

The 8th edition ofLandin: Payroll Accounting continues the author's tradition of providinga modern approach to payrollaccounting through a "practitioners view" focusing on relevancy andcareer readiness. The author team has made content updates including the tax implications of the Cares Act due to COVID-19. We havealso improved our accessibility of the end-of-chapter material within McGrawHill Connect (R). The content updates and Connect updates in this newedition will ensure your students are career ready!

This book is a clear and concise introduction to the content and structure of accounting statements and the double entry system which underlies them. It is intended as a first introduction to the subject and assumes no previous knowledge or experience of accounting. Worked numerical examples are an integral part of the exposition, and exercises (with solutions) are provided. There are also chapters on the interpretation of accounts, on accounting for price changes, and on broader aspects of accounting. The emphasis throughout is on understanding fundamental principles rather than on detailed practical procedures. The book is primarily addressed to university students who are meeting the subject for the first time, and is a first introduction for students preparing for professional examinations, giving them a grounding in the fundamental nature of accounting which is lost in other more compendious introductory texts.

The Second Edition includes new chapters on financing and investment arrangements, pensions and deferred income taxes, mergers and acquisitions, and consolidated income statements. The author presents a unified approach to accounting theory and discusses advanced procedures not commonly in practice, deeper analysis of present concepts and standards, and the results of empirical research. The first chapter recounts the early history of accounting. The middle chapters analyze current theory along with alternative views. The closing chapter speculates on the future of the profession. At the end of each chapter are questions and suggestions for further reading.

Traditional economic and accounting theories focus on investor - owned enterprise which deal with the production of goods and services to maximise its economic value for shareholders. This book offers an alternative perspective. It focusses on non-profit organisations that produce goods and services with the intention of maximising social value for the broader community. Traditional accounting theories face limitations when dealing with these organisations as their bottom line is not based on the traditional model. Nonetheless, such entities have to consider economic and financial equilibrium as a requirement for long-term survival. Accordingly, this book presents research addressing three main subjects: the limitations of conventional accounting for nonprofit organisations, the meaning of accountability in relation to their broad scope remit; and the potential of social and environmental accounting for contributing to the accountability of social and non-profit organizations. After a description of different types of NPO organization, the authors analyse the performance measurement adopted by NPOs and propose the development of broader and multidirectional accountability models.

This volume draws together contemporary topics, themes and methodologies in the field of sustainability reporting and assurance to reveal how sustainability information is actually used, interpreted and processed by internal and external users. The volume covers the following topics: 1 value relevance of sustainability information; 2 methodology and performance of Socially Responsible Investment funds; 3 the current regulatory environment for both professional and legislative corporate sustainability reporting, and the case for more comprehensive systematic regulation 4 the role and effectiveness of shareholder activism in promoting improved sustainability practices among corporations; 5 accounting challenges of the carbon economy in developed and developing nations; 6 developing a theoretical framework for understanding the links between sustainability strategy, accounting and communication; 7 recent empirical evidence on how organisations collect, measure and integrate sustainability information for internal decision-making tasks; 8 understanding how to rank and rate the quality of corporate reporting from a sustainability perspective; 9 audit and assurance of sustainability information.

Get effective and efficient instruction for the BEC portion of the CPA exam in 2020 Wiley CPAexcel Exam Review 2020 Focus Notes Business Environment and Concepts reinforce key concepts for the business environment and concepts portions of the Certified Public Accountants exam. Contained in an easy-to-carry spiral-bound book and designed to be easy-to-read and review, these focus notes will help you to learn and retain crucial accounting rules, formulas, concepts, acronyms, and more.

Advances in Accounting Education: Teaching and Curriculum Innovations publishes both non-empirical and empirical articles dealing with accounting pedagogy. All articles explain how teaching methods or curricula/programs can be improved. Non-empirical papers are academically rigorous, and specifically discuss the institutional context of a course or program, as well as any relevant tradeoffs or policy issues. Empirical reports exhibit sound research design and execution, and develop a thorough motivation and literature review, including references from outside the accounting field, where appropriate. Volume 15 examines the following topics: ways to incorporate self-directed learning in managerial accounting courses, the intent of students to major in accounting during recessionary periods; and incorporating core competencies in the accounting curriculum. Volume 15 also includes a special section that examines efforts to integrate accounting with other core business disciplines in the curriculum. This section includes the experiences of two universities that successfully integrated introductory accounting material with other business courses.

Get effective and efficient instruction on all CIA exam competencies in 2020 Wiley CIA Exam Review 2020 Complete Set provides readers with all current Institute of Internal Auditors (IIA) content requirements. Filled with visual aids like tree diagrams, line drawings, memory devices, tables, charts, and graphic text boxes, the material is accessibly written from a student s perspective and designed to aid in recall and retention. The Wiley CIA Exam Review 2020 Complete Set contains all the internal audit basics, practice, and business knowledge elements Certified Internal Auditor test-takers will need to succeed on this challenging exam.

Get effective and efficient instruction for the REG portion of the CPA exam in 2021 Wiley CPAexcel Exam Review 2021 Focus Notes Regulation reinforce key concepts for the regulation portion of the Certified Public Accountants exam. Contained in an easy-to-carry spiral-bound book and designed to be easy-to-read and review, these focus notes will help you to learn and retain crucial accounting rules, formulas, concepts, acronyms, and more.

Accounting's contribution to reality construction is envisioned in this volume of critical research, examining accounting's role in contemporary issues: ethics, sustainability, financial instability, post SOX legislation, education, and performance appraisals to name a few. Do CEOs manage rather than reveal environmental liabilities in their never-ending quest for reporting earnings? Under the scrutiny of negative publicity, does the banking community revise images, mask impending crises, and distort regulatory processes? Will shifts in litigation risk influence financial reporting? How do demands and perceptions from powerful external stakeholders change education or organizational processes? How might accounting positively engage in social movements, grass-roots empowerment, and change? These are among the explorations in this volume through case studies, interviews, analysis and interdisciplinary perspectives. Exposing accounting's impact on major social struggles of our times, these works contribute to the debates by revealing that the discipline can be a vital technology in the tool box of governance, political, economic and social practice, holding a key for affirmation and empowerment.