Table of Contents

Reasons to Conduct an Accounting Practice Valuation.

Professional Standards for Accounting Practice Valuations.

Purpose and Objective of the Accounting Practice Appraisal.

Basic Accounting Practice Valuation Approaches.

Data Gathering and Due Diligence for an Accounting PracticeAppraisal.

Income Approach.

Market Approach.

Asset-Based Approach.

Valuation of Fractional Business Interests.

Identification and Quantification of Valuation Discounts andPremiums.

Valuation Synthesis and Conclusion.

Accounting Practice Valuation Reporting Standards.

Example of an Accounting Practice Valuation.

Special Practice Valuation Topics.

Appendices.

Index.

About the Author

ROBERT F. REILLY is Managing Director for Professional Services atWillamette Management Associates. A former partner and nationaldirector of the Deloitte & Touche Valuation Group, Mr. Reillyis widely recognized for both his professional achievements and hisintellectual contributions to the profession. He is a frequentcontributor to professional journals--including ManagementAccounting, the Journal of Pension Planning and Compliance, and theJournal of Property Tax Management--and he is a regular columnistfor the American Bankruptcy Institute Journal. Mr. Reilly iscoauthor (with Robert Schweihs and Shannon Pratt) of three previousbooks.

ROBERT P. SCHWEIHS is Managing Director of Willamette ManagementAssociates. He was founder, national partner, and national directorof valuation services for Valuation Engineering Associates, abusiness unit of Deloitte & Touche LLP. A much sought afterspeaker and conductor of professional seminars, Mr. Schweihs isalso a prolific author. He has published numerous articles inprofessional journals and coauthored three books (with RobertReilly and Shannon Pratt).