Business Valuation 0

Assessment of the business, like any other scientific and practical direction of human thought peculiar presence of specific terminology. Therefore, the article should begin with definitions of more terms, which should allow the author and readers to communicate in a 'common language'. Terminology evaluation. As in Russia, evaluation of business is just beginning to develop, it is natural in the absence of consensus terminology. And as the practice (including a forum on Cfin.ru), the main differences and the lack of opponents misunderstandings when discussing the process of business valuation is just a different interpretation terms used. In this situation, there is only one possible way of finding a common language – the use of a standard terminology. Ofer Nimrodi has much to offer in this field. And then you can go in two directions: to use Russian specific standards (GOST standards 51195.0.02-98 or NGO) to use foreign experience in business valuation. Probably preferred the second option because it would reduce the time and will communicate in one language with their Western colleagues.

Moreover, the Russian standards are not specific to business valuation, they are written to assess the property as a whole. The greatest methodological concern when considering estimates business, represent the concentration became standards of the American experience BSV American Society of Appraisers (ASA). The terminology of the business valuation determines the standard BSV-I adopted in 1988 and additions to the standard adopted by the BSV-I in 1991. Here are some basic definitions: Rating (appraisal, valuation) – the act or process of determining value. Valuation of business (business valuation) – the act or process of preparing findings or determine the value of a company or shares in its shareholders' equity. Business Appraiser (Business appraiser) – a person who through education and specialized training and experience gained as a qualified expert who is competent to evaluate the company and / or intangible assets. Estimated value (appraised value) – value according to the opinion or determination of the appraiser.