Question 1

When considering valuation, there are only two premise that can be considered. They are:

Accepted Answer

A)  Bankruptcy and going concern. 
B)  Bankruptcy and liquidation. 
C)  Liquidation and going concern. 
D)  Market value and book value. 
A)  Bankruptcy and going concern. 
B)  Bankruptcy and liquidation. 
C)  Liquidation and going concern. 
D)  Market value and book value.

Question 2

The fundamental value of an asset can be determined by:

Accepted Answer

A)  Analytical methods that seek to find the "true value" or the "underlying value" of an asset. 
B)  Researching its replacement value and then deducting its depreciation from it. 
C)  Looking at its book value on the balance sheet. 
D)  Reducing the cost of purchase for an asset by a MACRS table from the IRS. 
A)  Analytical methods that seek to find the "true value" or the "underlying value" of an asset. 
B)  Researching its replacement value and then deducting its depreciation from it. 
C)  Looking at its book value on the balance sheet. 
D)  Reducing the cost of purchase for an asset by a MACRS table from the IRS.

Question 3

Business valuators that have the most credibility will have:

Accepted Answer

A)  A college education. 
B)  Credentials from national or international organizations. 
C)  Years of experience. 
D)  All of the above. 
A)  A college education. 
B)  Credentials from national or international organizations. 
C)  Years of experience. 
D)  All of the above.

Question 4

Define the general process of valuating a business:

Accepted Answer

Define the valuation assignment
Collect

Question 5

Projected free cash flow to equity before debt payment is sometimes called:

Accepted Answer

A)  Projected free cash flow available to equity. 
B)  Debt-free cash flow available to equity. 
C)  Equity-free cash flow available to debt. 
D)  Pre-debt cash flow available to equity. 
A)  Projected free cash flow available to equity. 
B)  Debt-free cash flow available to equity. 
C)  Equity-free cash flow available to debt. 
D)  Pre-debt cash flow available to equity.

Question 6

Which of the following should a forensic accountant analyze on a businesses financial statements when considering business valuation?

Accepted Answer

A)  Leverage. 
B)  Liquidity. 
C)  Solvency. 
D)  All of the above. 
A)  Leverage. 
B)  Liquidity. 
C)  Solvency. 
D)  All of the above.

Question 7

Which of the following not an adjustment factor?

Accepted Answer

A)  The extent of ownership control over income-producing assets. 
B)  Current physical conditions. 
C)  Restrictions on transferability. 
D)  Marketability and liquidity. 
A)  The extent of ownership control over income-producing assets. 
B)  Current physical conditions. 
C)  Restrictions on transferability. 
D)  Marketability and liquidity.

Question 8

Investment value is normally determined by analytical methods that seek to find the "true value" or the "underlying value" of an asset.

Accepted Answer

A) True 
 B)False

Question 9

Projected free cash flow available to equity (FCFE), is defined as the amount of cash available to shareholders after:

Accepted Answer

A)  All liabilities are paid. 
B)  All assets are liquidated. 
C)  All expenses, reinvestment, and debt and preferred dividend payments. 
D)  All of the above. 
A)  All liabilities are paid. 
B)  All assets are liquidated. 
C)  All expenses, reinvestment, and debt and preferred dividend payments. 
D)  All of the above.

Question 10

Name at least 7 assets that might need appraisal or valuation.

Accepted Answer

Business entities (e.g., proprietorships

When considering valuation, there are only two premise that can be considered. They are:

The fundamental value of an asset can be determined by:

Business valuators that have the most credibility will have:

Define the general process of valuating a business:

Projected free cash flow to equity before debt payment is sometimes called:

Which of the following should a forensic accountant analyze on a businesses financial statements when considering business valuation?

Which of the following not an adjustment factor?

Investment value is normally determined by analytical methods that seek to find the "true value" or the "underlying value" of an asset.

Projected free cash flow available to equity (FCFE), is defined as the amount of cash available to shareholders after:

Name at least 7 assets that might need appraisal or valuation.

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Dispute Resolution Services

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Exam 19: Business Valuation

When considering valuation, there are only two premise that can be considered. They are:

The fundamental value of an asset can be determined by:

Business valuators that have the most credibility will have:

Define the general process of valuating a business:

Projected free cash flow to equity before debt payment is sometimes called:

Which of the following should a forensic accountant analyze on a businesses financial statements when considering business valuation?

Which of the following not an adjustment factor?

Investment value is normally determined by analytical methods that seek to find the "true value" or the "underlying value" of an asset.

Projected free cash flow available to equity (FCFE), is defined as the amount of cash available to shareholders after:

Name at least 7 assets that might need appraisal or valuation.

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Dispute Resolution Services

Filters