contact us  |  print  |  français  |  log in
my downloads
pay an invoice
my account
Accounting & assurance
Business & finance
CPA Canada Handbook
Information technology
Practice management
Risk & governance
Tax
Other
in all formats

CPAstore - Business Valuation in Canada - 2021

Copyright

Disclaimer

Dedication

About the Author

Acknowledgements

Preface

Glossary of Defined Terms

Chapter 1 – Valuation Terms and Principles

Chapter 2 – Business and Financial Analysis

Chapter 3 – Asset Valuation Methodologies

Chapter 4 – Multiple of EBITDA Methodology

Chapter 5 – Determining Valuation Multiples

Chapter 6 – Capitalized Cash Flow Methodology

Chapter 7 – Discounted Cash Flow Methodology

Chapter 8 – Cost of Capital

Chapter 9 – Valuing Minority Interests

Chapter 10 – Open Market Transactions

Introduction

Notional Market Valuations vs. Open Market Transactions

The Open Market Transaction Process

Planning and Preparation

Market Search

Preliminary Due Diligence and Valuation

Negotiating the Letter of Intent

Confirmatory Due Diligence

Purchase Agreement and Closing

Integration

Fair Market Value vs. Price

Special Interest Purchasers

Post-Acquisition Synergies

Identifying Possible Synergies

Sales and Marketing

Operating

Financial

Strategic

Quantifying Synergies

Quantifying Tangible Operating Synergies

Quantifying Intangible Operating Synergies

Quantifying Financial Synergies

Transaction and Integration Costs

Transaction Structuring

Assets vs. Shares

Buyer's Perspective

Seller's Perspective

Forms of Consideration

Holdbacks

Promissory Notes

Share Exchanges

Earnouts

Partial Buyouts

Management Contracts

Non-Competition Agreements

Non-Solicitation Agreements

Other Factors Influencing Price in Open Market Transactions

Public vs. Privately Held Companies

Availability of Financing

Internal vs. External Financing

Earnings Dilution

Purchase Price Allocation

Accounting Standards for Private Enterprise

International Financial Reporting Standards

Fairness Opinions

Consideration Given Up

Consideration Received

Synergy Considerations

Other Considerations

Common Issues in Open Market Transactions

Summary

Appendix A – Risk Assessment Framework


Terms and Conditions | Privacy Policy | Shipping and Store Policies | AODA | Anti-Harassment Policy | Advocacy | Vulnerability Disclosure

Help Desk: Mon-Fri, 9am-5pm ET | 1-866-256-6842 | Contact us

© 2001-2024, CPA Canada | EYEP. All rights reserved.