Illustrated Guide to Business Valuation

Illustrated Guide to Business Valuation was written to make “Valuation” —clear in concept, rigorous in method, and practical in application.

About the Book:

Illustrated Guide to BUSINESS VALUATION

Introduction

In today’s complex financial world, business valuation is no longer a niche skill—it is a critical discipline. From mergers and acquisitions (M&A) to audits, disputes, restructurings, and investment decisions, every stakeholder needs reliable, defensible, and explainable valuation outcomes.

The Illustrated Guide to Business Valuation by B.D. Chatterjee, a seasoned Chartered Accountant and financial leader with over four decades of experience, provides a clear, practical, and authoritative roadmap for professionals, students, and decision-makers.

Grounded in international best practices, aligned with IFRS, Ind AS, ICAI Valuation Standards, and IVS, and enriched with real-world illustrations, this book bridges the gap between theory and practice—making valuation accessible without oversimplification.

Why This Book Matters

Valuation today faces unprecedented challenges:

Global uncertainties – pandemics, wars, and climate risks.
Evolving regulations – alignment with IFRS/Ind AS and Indian laws.
Dynamic industries – start-ups, distressed assets, ESG-sensitive businesses, and high-growth sectors.

This book equips you to navigate such complexities with confidence, helping you answer not just what the model says but what the business is worth—and why.

Who Should Read This Book?

CFOs, Controllers & Finance Leaders seeking to strengthen compliance and reporting practices.
Auditors, Valuation Experts & Regulators who need precise and practical reference tools.
Students & Professionals preparing for CA, CMA, CS, ACCA, or IFRS certification exams.
Consultants & Academics looking for sector-specific IFRS insights.

Key Highlights of the Book

Strong Foundations: Time value of money, risk-return trade-off, WACC, beta, capital structure, enterprise vs. equity value.
Core Valuation Methods: FCFF, FCFE, dividend models, market multiples, with step-by-step reconciliations.
Practical Illustrations & Case Studies: Cross-border cash flows, convertible instruments, capital budgeting, scenario and sensitivity analysis.
Accounting & Standards Alignment:
- IFRS 13 / Ind AS 113 on fair value measurement.
- ICAI Valuation Standards & International Valuation Standards (IVS).
Assets & Liabilities Valuation: Tangibles, intangibles, goodwill, securities, provisions, brands, and full businesses.
M&A & Corporate Restructuring: Purchase price allocation, goodwill impairment, synergy analysis, deal pitfalls.
Specialized Frameworks: EVA, LBO mechanics, economic profit, leveraged buyouts.
Sector-Specific Lenses: Tailored approaches across 20 industries with regulatory insights and sector multiples.
Law & Judicial Guidance: Coverage of Companies Act, IBC, SEBI, FEMA, SARFAESI, Stamp Act, and landmark court rulings.
ESG & Climate Integration: How sustainability factors reshape valuation assumptions.
MCQs & Self-Assessment: Over 600 multiple-choice questions for professional exams and interviews.

Who Should Read This Book?

This guide is designed for:

Students & Aspiring Valuers preparing for academic and professional valuation exams.
Finance Managers & Analysts who need practical, report-ready valuation methods.
Bankers & Auditors who must defend valuation outcomes in reviews and audits.
Lawyers & Founders navigating disputes, fund-raising, and M&A deals.
Registered Valuers & Trainees who require deep alignment with ICAI and IVS standards.

Whether you are new to valuation or an experienced practitioner, this book provides clarity, precision, and confidence in every valuation assignment.

Author’s Expertise – B.D. Chatterjee

B.D. Chatterjee is a renowned Chartered Accountant, IFRS & Valuation Expert, and Author with over 40 years of financial leadership experience. His published works, widely referenced by professionals and students, are rooted in his deep understanding of global accounting standards, valuation practices, and corporate finance strategy.

By combining academic rigor, industry insights, and regulatory compliance, Chatterjee has built a reputation for delivering practical guidance that stands up to scrutiny—in the boardroom, audit room, and courtroom.