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An inventory valuation allows a company to provide a monetary value for items that make up their inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements .
An ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost, [1] while also providing a mechanism for identifying different categories of stock that will require different management and controls. The ABC analysis suggests that inventories of an organization are not of equal value. [2]
Uniform Standards of Professional Appraisal Practice (USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. USPAP, as it is commonly known, was first developed in the 1980s by a ...
An appraiser (from Latin appretiare, "to value") is a person that develops an opinion of the market value or other value of a product, most notably real estate.. The current definition of "appraiser" according to the Uniform Standards of Professional Appraisal Practice (USPAP) is: "One who is expected to perform valuation services competently and in a manner that is independent, impartial and ...
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.
The organization was formally formed in 1952, after consolidation of two prior appraisal organizations, The American Society of Technical Appraisers (ASTA), and the Technical Valuation Society (TVS). [2]
Bill Sipes (2006). 2006 Business Valuation Sourcebook.CCH Tax and Accounting. pp. ¶5011–¶5021. ISBN 0-8080-1355-6. — the full text of the Statement on Standards for Valuation Services No.1,ASA Business Valuation Standards, IBA Business Appraisal Standards, IBA Code of Ethics, IBA Business Valuation Guidelines, and NACVA Professional Standards
The acquirer hires an appraisal firm (typically an external accounting firm or a valuation advisor) who reports that the FV of the net assets is $24B. The fair value adjustment can relate to any assets or liabilities recorded on the balance sheet (or off-balance sheet items that should be recorded).