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Characteristics Of Asset Appraisal

2011/1/21 15:23:00 38

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Asset appraisal is the intermediary link of assets business such as asset paction. It is a smooth operation of asset paction and related assets business under the condition of market economy.

Basics

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Compared with other economic activities, the economic activity, which provides assets value judgment as the main content, has the following distinctive characteristics:

1. market nature

Asset appraisal is the product of the development of market economy to a certain stage. There is no general change in asset property rights and asset pactions.

Conduct

There will be no asset assessment.

Assets assessment generally needs to be estimated.

Assets

Therefore, asset appraisal professionals must rely on their understanding of the nature and functions of the assets and market experience to simulate the market's estimation and judgement of the asset value under specific conditions. Whether the evaluation results are objective needs to be tested by the market price.

Therefore, the conclusion of asset appraisal can withstand the test of the market. Whether the conclusion of the asset appraisal can withstand the market inspection is the fundamental criterion to judge whether the assets appraisal is reasonable and standard, and whether the assessment personnel are qualified.

2. systematicness

It is a systematic project to make scientific estimation and judgement of the value of the assessed assets. We must analyze and carry out the work from the viewpoint of system theory.

The same assets may play different roles in different enterprises, different industries, and different countries, so they also have different values. Secondly, systematic consideration must be given to the matching problems between the assessed assets, mainly the different tangible assets, intangible assets and matching between each other, because the matching of tangible assets with other tangible assets or matching different intangible assets may play different roles, and therefore the value may also be different. In addition, the assessors must systematically collect, collate and analyze the relevant assets of the assessed assets in the evaluation process, and systematically consider all the relevant factors that affect the asset value, and make a systematic judgement on the evaluation conclusion based on this. First of all, the assets to be assessed should be placed in the whole enterprise or the whole industry. If necessary, they should be analyzed and evaluated in the whole country.

3. technical

In the process of making professional judgement on the value of the assets to be assessed, the assets appraiser needs to base on a large amount of data, and after complex and meticulous technical treatment and necessary calculation, it is difficult to complete the evaluation work without the corresponding professional knowledge.

When evaluating buildings or buildings, it is necessary to measure, understand the building structure, project cost, wear and tear, and so on. Lack of basic knowledge of architecture is difficult to carry out. When evaluating the machinery and equipment, it is necessary to make a judgement on the technical performance, wear degree and economic life expectancy of the equipment to be assessed. These are highly professional and technical, and without relevant expertise, it is difficult to draw objective assessment results.

The technical requirements of asset appraisal should be composed of professional and technical personnel with certain professional knowledge, such as construction, land, electrical and mechanical equipment, economy, finance, etc.

4. impartiality

The impartiality of asset appraisal is mainly reflected in the fact that asset appraisal is an independent third party outside the two sides of the paction. It is objective and impartial to judge the value of the assessed assets and the results are impartial.

The results of asset appraisal are closely related to the economic interests of the parties concerned in asset business. If deviating from the basic requirements of objectivity and justice, one party or several parties of the asset business will suffer unnecessary losses, and asset appraisal will lose its precondition.

The impartiality of asset appraisal requires that the evaluator must stand in a fair position and adopt an independent, fair, objective and neutral attitude, and not yield to any external pressure or unilateral demands of any party, so as to make objective judgments and fair judgments.

For asset appraisal institutions, the impartiality of asset appraisal is also very important. Only by objective and fair evaluation results and providing quality services to customers can we win the trust of customers, gradually establish their own brands, and constantly develop the evaluation institutions. Otherwise, we will gradually lose credibility, lose the market and eventually go bankrupt.

5. consultation

The conclusion of asset appraisal is that the assessor can simulate the subjective inference and judgment of the market value of assets according to the data collected at the time of assessment.

No matter how adequate the assessment basis is, the evaluation conclusion is still a subjective judgment of the evaluator rather than an objective fact.

Therefore, asset appraisal is not a socio economic activity for asset pricing. It is only an economic consultation or expert consultation activity.

The evaluation result itself does not have the effect of enforcement. The assessor is only responsible for the objectivity of the evaluation conclusion and not responsible for the determination of the paction price of the assets.

The evaluation results provide a reference value for the asset business, and the final paction price depends on bargaining power of the two parties in the paction process.