What is an asset appraisal and what is an asset valuation

Asset Appraisal Procedures.

In accordance with national laws and regulations, and in accordance with the principles of science, objectivity, conscientiousness and responsibility, the procedures for carrying out intangible asset valuation are as follows:

1. Signing: Before the assessment, the client needs to sign an agreement with the company to reach an agreement on the scope, purpose, base date, charges, and time for delivering the assessment report, and formally sign the agreement to jointly supervise the implementation.

2. Set up a project team: depending on the size and difficulty of the evaluation project, form a project evaluation team with the participation of industry experts, evaluation experts, and professionals in economic, legal, technical, social, accounting and other aspects, implement project evaluation, and the project team implements the expert responsibility system.

3. Field investigation: The project team conducts on-site inspections in the enterprise, inspects and understands the development and changes of the enterprise, economic benefits, market prospects, technical life cycle, equipment technology, economic conditions, inspects various legal documents and accounting statements, and listens to the reports of middle-level and above leading cadres.

Fourth, market research: the use of modern means in different regions, different economic income of consumer groups to conduct surveys. Some appraisal work also requires international market research to obtain first-hand information on the evaluation.

5. Design mathematical model: Adopt internationally accepted theories and methods, design mathematical models according to the actual situation of the evaluated enterprises, scientifically determine the values of various parameters, and carry out computer calculations for many times.

6. Discussion of the expert committee: The expert advisory committee shall demonstrate the evaluation results, and the expert advisory committee must be attended by more than two-thirds of the personnel, industry experts must be present, and more than half of the experts must be approved by secret ballot.

7. Inform the customer of the assessment results: The assessment results will be notified to the customer, and the customer will pay the evaluation fee.

8. Print the evaluation report and deliver the evaluation report to the customer.

9. Follow-up service: extension of assessment results, consultation, publicity and planning.

Asset valuation, that is, the valuation of the value form of an asset. It refers to the behavior of a special institution or a special appraiser who follows the statutory or fair standards and procedures, uses scientific methods, and uses currency as a unified measure for calculating equity to evaluate and estimate assets at a certain point in time.

Asset valuation, that is, the valuation of the value form of an asset.

Asset appraisal refers to the act of evaluating and estimating assets at a certain point in time by specialized institutions or special appraisers in accordance with statutory or fair standards and procedures, using scientific methods and using currency as a unified measure for calculating equity.

Asset appraisal refers to the professional service behavior of appraisal institutions and their appraisal professionals to appraise, estimate and issue appraisal reports on immovable property, movable property, intangible assets, enterprise value, asset losses or other economic rights and interests according to the entrustment, as follows:

1. The asset valuation methods mainly include the present value of income method, the replacement cost method, the current market price method and the liquidation method. According to China's asset appraisal management requirements and international asset appraisal practices, there are four types of asset appraisal criteria in asset appraisal: replacement cost, current market price, present value of income and liquidation**.

1) Replacement cost, also known as current cost or replacement value, refers to the cost of replacing an asset according to its function and keeping it in active condition under current conditions;

2) The current market value refers to the valuation of intangible assets on the open market**, which can be actual sales or simulated sales;

3) The present value of earnings is the sum of the discounted present value of future net cash flows generated by asset valuation;

4) Liquidation** refers to the intangible assets of the enterprise after the cessation of operation or bankruptcy. It is required to dispose of its assets in a realised manner within a certain period of time to pay off debts and distribute the value of the assets under the condition of distribution of residual equity, that is, the assets are auctioned under abnormal market conditions**.

2. The asset appraisal procedure is the work sequence arrangement in the process of asset appraisal, and the main procedures:

1) Submit an application to the competent department for the asset evaluation of the enterprise and obtain the project approval document. Hire a qualified appraisal agency to evaluate the assets of the enterprise;

2) After the first draft of the asset appraisal report is formed, conduct research and consultation with the appraisal agency on relevant issues and revise the appraisal report;

3) Obtain the appraisal report officially issued by the appraisal agency, and apply to the competent authority to confirm the asset appraisal results;

4) After being verified and confirmed by the competent department, the asset appraisal confirmation issued by the department is obtained.

Legal basisArticle 15 of the Asset Appraisal Law of the People's Republic of China.

The appraisal body shall, in accordance with the law, adopt the form of partnership or company to employ appraisal professionals to carry out appraisal business.

An appraisal agency in the form of a partnership shall have more than two appraisers; More than two-thirds of its partners shall be appraisers with more than three years of work experience and have not been punished for suspension of practice in the last three years.

An appraisal institution in the form of a company shall have more than eight appraisers and two or more shareholders, of which more than two-thirds of the shareholders shall be appraisers with more than three years of experience and have not been punished for suspension of practice in the last three years.

If there are two partners or shareholders of an appraisal institution, both partners or shareholders shall be appraisers with more than three years of experience and have not been punished for suspension of practice in the last three years.

Asset appraisal refers to the professional service behavior of appraisal and appraisal of immovable property, movable property, intangible funds, enterprise value, asset losses or other economic rights and interests by appraisal institutions and their professional appraisers according to the entrustment, and issuing appraisal reports.

Digkai Asset valuation, that is, the valuation of the value form of an asset. It refers to the behavior of a specialized institution or a specialized appraiser who follows the statutory or fair standards and procedures, uses the scientific method of Naifeng, and uses currency as a unified measure for calculating equity to evaluate and estimate assets at a certain point in time.

Asset appraisal has the following three main functions: consulting, assurance and promotion.

The characteristics of asset appraisal are: realistic, market, high-quality, fair and consultative.

Asset valuation refers to the comprehensive valuation of one or more assets to determine their fair market value, or net present value. Asset valuation typically involves an analysis of the physical and financial characteristics of an asset to determine its value. An asset appraisal is usually done by an asset appraiser or a professional appraisal agency to ensure that the appraisal results are accurate and reliable.

The types of assets typically involved in asset valuation include real estate, bonds, financial derivatives, intangible assets such as patents, trademarks, and copyrights, and other items of value. The appraisal process may include a physical examination of the asset, market research, competitive analysis, financial analysis, and closure of the business**, as well as consideration of other relevant factors. The results of the assessment may be used to determine financial statements, tax filings, insurance claims, loan applications, acquisitions or agreements.

Asset valuation is important for many business and investment decisions because it provides critical information about the value and risk of an asset. When conducting an asset valuation, it is important to ensure that the appraisal process complies with local laws, regulations and industry standards, and that the appraisal is carried out by an independent, qualified appraisal agency or appraiser.

(1) Asset appraisal.

Asset valuation belongs to the category of value judgment, and its concept can be expressed from three levels: general meaning, professional perspective and legal perspective.

1.General significance: Asset valuation is the estimation and judgment of the value of assets.

When conducting market transactions, most market participants will consciously or unconsciously use the theories and methods of asset valuation to make value judgments on the trading partners based on their own knowledge and information, so as to determine their transactions**.

2.Professional perspective: As a professional service, asset appraisal is a professional activity in which asset appraisal institutions and their appraisal professionals evaluate and estimate the value of assets according to certain practice standards.

3.Legal perspective: The Asset Appraisal Law of the People's Republic of China stipulates:

Article 2 The term "asset appraisal" (hereinafter referred to as "appraisal") as used in this Law refers to the professional service behavior of appraisal institutions and their appraisal professionals to appraise and estimate immovable property, movable property, intangible assets, enterprise value, asset losses or other economic rights and interests according to the entrustment, and to issue appraisal reports.

Appraisal is a special agency or special appraiser, following the statutory or fair standards and procedures, using scientific methods, to value assets, and issue a legally effective report document as a reference.

6. After the application is completed, the electronic version will be sent to the applicant. The paper version of the assessment report is very convenient to mail in hand

Asset appraisal refers to the professional service behavior of appraisal institutions and their appraisal professionals to assess and estimate immovable property, movable property, intangible assets, enterprise value, asset losses or other economic rights and interests according to the entrustment, and issue appraisal reports. Generally speaking, when the company is no longer needed, because of a series of problems such as complicated and time-consuming procedures for deregistering the company, most people will choose to transfer the company, and the transfer of the company can also minimize the loss of the business owner. However, the cost of the transfer of the company is difficult for the parties to agree on, so how should we evaluate the value when transferring the company?

It is reported that so far, there have been no tax regulations in China to clarify how to assess the fair value of assets involved in various types of corporate restructuring. In practice, the commonly used valuation methods mainly include the cost method, the market method and the income method. However, the use of cost and market approaches has significant limitations.

For example, the cost method has high requirements for the quality of corporate financial data, and the market method requires an active market and sufficient market transaction data, which is often difficult to meet. In contrast, the income approach is an internationally recognized and widely used method for assessing intangible assets and enterprise value.

The senior sister of Renmin University introduced the details of the asset appraisal major, employment prospects, and precautions for applying for the examination.

To put it simply, an asset appraiser is a master, while an appraisal assistant is an apprentice. However, if you have a certain amount of work experience, there is not much difference between the two, basically the nature of the work and the scope of work are the same, but only the asset appraiser can sign the asset appraisal report, of course, the level of treatment is definitely much higher than that of the asset appraiser, and the career prospects are better than that of the assistant.

In addition, if you have an asset appraiser printed on your business card, outsiders will think that it will certainly have a higher gold content than an appraisal assistant.

Legal analysis: Asset appraisal refers to the appraisal of the value of real estate, movable property and other assets by professional institutions such as appraisal agencies and audit institutions. If a shareholder makes a capital contribution in the form of non-monetary assets such as physical property, intellectual property rights, and land use rights, the property shall be verified through appraisal.

Legal basis: Company Law of the People's Republic of China

Article 27 Shareholders may make capital contributions in monetary terms, or in kind, intellectual property rights, land use rights, and other non-monetary assets that can be valued in monetary terms and can be transferred in accordance with law; However, there is an exception for property that is not allowed to be used as capital contribution as stipulated by laws and administrative regulations. The non-monetary property used as capital contribution shall be appraised and verified, and the property shall not be overvalued or undervalued. Where laws and administrative regulations have provisions on appraisal valuation, follow those provisions.

Article 28 Shareholders shall pay in full and on time the amount of capital contributions subscribed by them as stipulated in the articles of association. If the shareholder makes a monetary contribution, the full amount of the monetary contribution shall be deposited into the bank account opened by the limited liability company; Where non-monetary assets are used to make capital contributions, the formalities for the transfer of property rights shall be completed in accordance with law. If a shareholder fails to pay the capital contribution in accordance with the provisions of the preceding paragraph, in addition to paying the full amount to the company, it shall also bear the liability for breach of contract to the shareholder who has paid the capital contribution in full on time.

The Asset Appraisal Law of the People's Republic of China defines asset appraisal as a professional service act in which an appraisal agency and its appraisal professionals appraise and estimate immovable property, movable property, intangible assets, enterprise value, asset losses or other economic rights and interests according to the entrustment, and issue an appraisal report.