Master valuation — painlessly! Now, there’s a hands-on valuation tutorial that’s concise, easy to understand, and above all, easy to use. Valuation in a Changing World illuminates the entire valuation process with simple mathematical examples and a start-to-finish case study. Michael G. Vasilou establishes a firm theoretical basis for valuation, offers a complete framework for performing accurate valuations, and presents practical accounting-style examples designed to be exceptionally intuitive. His clear explanations and simple examples illuminate NPV in valuing bonds and stock; calculating r; Weighted Cost of Capital; Capital Asset Pricing Models; IRR, Payback, and Modified IRR; cash flow analysis; comparables; and international considerations, including IFRS. Bringing even more clarity to key concepts, Vasilou also provides annotated Excel spreadsheets demonstrating how important valuation calculations are derived. This is the ideal valuation guide for all business professionals, accountants, and students who want to understand valuation but may not be experts in corporate finance. It will be especially valuable to non-finance decision-makers involved in acquisitions, mergers, or divestments.