You will not want to miss Part 4 in the series of Valuing and Recasting A Business.  Here’s what Greg Kells discusses:

1. •  What is more important...earnings or assets
   

2. •  Terminology
   

3. •  Understanding SDE
   

4. •  Good questions to ask yourself when recasting
   

5. •  Inventory and profit (relationship)
   

6. •  Inventory Methods of accounting
   

7. •  Understanding expenses
   

8. •  Components of Owners Compensation
   

9. •  Owner Benefits
   

10. •  Recasting Owner Compensation
    

11. •  Interest
    

12. •  Non Recurring Items / Unrecognized expenses
    

13. •  Adjust for imminent changes / adjust for non operating income/expenses