Detail (Comprehensive) Report
Content Outline
- Identification of Business
- Identification of Clients
- Effective Date of Value
- Purpose & Intended Use
- Owner Interest & Level
- Standard & Premise
- History of Operations
- Products & Services
- Competitive Contracts
- Physical Locations
- Workforce impact
- Mgmt. & Ownership
- Balance Sheet a/c trends
- Capital Asset investments
- Debt History & Utility
- Income Stmt. a/c trends
- Comparative market ratios
- Cost of Capital
- CAPM / Build-Up / WACC
- Unsystematic (Risk Sheet)
- Income Methods applied
- Cost Methods applied
- Market Methods applied
- Historical & Normalized
Financial Statements with
Common-Sized Statements
- Comparable Companies
- Other Key Data
- Certification of Analyst
- Assumptions & Limiting
Conditions
- Qualifications of Analyst
- Glossary (as required)
Summary (Restricted) Report
Content Outline
- Certification of Analyst
- Assumptions & Limiting
Conditions
- Qualifications of Analyst
The work performed to achieve a Conclusion-of-Value is the same regardless of the type of Report (Detailed or Summary) prepared.
The Summary Report does not include various explanations and outlines of the work performed nor does it include many of the schedules and exhibits which are maintained in the analyst's work papers and included in a Detailed Reporting.
Calculation Report
Content Outline
- Certification of Analyst
- Assumptions & Limiting
Conditions
- Qualifications of Analyst
A Calculated Value is a less rigorous examination of business operations which results in an approximate indication of value that is based on limited and specific procedures and methods that are agreed-to with the client in advance of the examination.
A Calculation-of-Value should not be considered comparable with a Conclusion-of-Value which requires a closer analysis of operations and greater objectivity in the selection and reconciliation of valuation methods.