We use the term “goodwill” to identify the intangible but valuable asset of a business arising from its reputation and customer relationships.
As the size and complexity of a firm grows, the ability to identify what money (i.e. cash) came and went during a period becomes more daunting.
The foregoing elements of potential damage reflect general approaches which will be tailored to specific facts.
While financial statements comprise balance sheets along with statements of income, cash flow and retained earnings, the balance sheet and the income statement are the most frequently available. Discovering what the balance sheet and income statement intend to present leads to more accurate discovery.
Two sets of financial statements for a company that cover the same time period can both be technically correct yet display dramatically different values. The key to effective financial discovery means knowing what to request.
Mergers and acquisitions in Texas reflect the state’s business success. With energy companies leading the way, almost $60 billion of deals were announced during the first half of 2013, with a slightly larger amount during the same period of 2012, according to Mergermarket.
We have recommended regularly the selection of one “neutral”¹ appraiser selected jointly by opposing parties to resolve valuation disputes. Each party should be advised by a valuation professional not only in the selection of the neutral appraiser but in the assignment to be given to the neutral appraiser. A key aspect of the assignment is […]
This is a common exercise to determine amounts due. As a rule, the rate used should match the characteristics of the cash flows to be discounted. In practice, cash flows may comprise more than one type of debt or a hybrid of debt and equity or equity only. We were presented with an assignment to […]