Asset evaluation refers to the process of appraising and valuing assets by specialized agencies and personnel in accordance with national regulations and relevant data, according to specific purposes, following applicable principles and standards, and in accordance with legal procedures and scientific methods. [1]
Asset valuation
(Assessment of asset value patterns)
Asset evaluation refers to the professional service behavior of an evaluation agency and its evaluation professionals in evaluating, estimating, and issuing an evaluation report on real property, movable property, intangible assets, enterprise value, loss of assets, or other economic rights based on entrustment. "
I. Types of asset evaluation
1. According to the content of asset evaluation work, it is divided into evaluation, evaluation review and evaluation consultation.
2. According to the relationship between asset evaluation and evaluation criteria, it is divided into full evaluation and restricted evaluation.
3 According to the object of asset evaluation and applicable principles, it is divided into single asset evaluation and overall asset evaluation.
It refers to the inherent effectiveness and ability of asset evaluation to assess the value of assets.
(Two) __ management functions
It is based on public ownership
Early asset valuation
As early as the 16th century
Asset evaluation mainly plays the following three roles: 1. Consulting role < br In a sense, asset evaluation is a kind of professional technical consulting activity, which has a consulting role. The role of consulting is to provide a professional valuation opinion for the asset business through the conclusion of the asset evaluation. Although the opinion itself has no compulsory enforcement effect, it can be used as a reference for the parties' asking price and bid. 2. Assurance function <br /> Assurance is composed of identification and proof. Identification is an independent judgment made by experts on the current price of asset transactions based on professional principles, and proof provides theoretical and factual support for the judgment, making it reasonable and well-founded. 3. Promotion effect < br The promotion effect of asset evaluation is mainly manifested in three aspects: first, it can promote the optimal allocation of resources, second, it can promote the property rights subject to maintain their legal rights, and third, it can promote the internationalization of asset evaluation And further opening up.
According to China s asset valuation management requirements and international asset valuation practices, the price standards in asset valuation include
I. Reality
Reality means taking
1. Asset evaluation must be performed by specialized agencies and personnel with expertise;
2. Asset evaluation must have a legal basis and be carried out in accordance with relevant regulations and policies;
3 Asset valuation must follow applicable principles;
4 Asset evaluation must meet the requirements
1. Present value method of income
The asset appraisal project refers to the state-approved unit that requires state-owned assets to assess assets.
Description
Zhongxiexie [2009] No. 199 "Notice on Implementing the" Assessment Management Fees for Assets Evaluation "and Immediately Doing a Good Job in Asset Evaluation Fees Management"
Provinces, autonomous regions, municipalities, and cities with separate plans
Beijing
Project evaluation is based on the feasibility study and according to the policies, regulations, methods, parameters and regulations issued by the relevant state departments, from the project (or enterprise, national economy, social perspective, the loan bank or relevant institutions) Proposed
(I) Development Status of Asset Evaluation
With the establishment and improvement of the socialist market economy system, especially the deepening of the reform of state-owned enterprises and the development of the market for production factors, various types of property rights transactions, such as asset transfers and asset restructuring, have become increasingly frequent. Service intermediary agencies have emerged and flourished as a result, playing an increasingly important role in the construction and development of the market economy. However, with the continuous deepening of China's economic system, the continuous growth of the evaluation market places higher and higher requirements on the evaluation industry.
China's asset valuation industry was born in the late 1980s with the tide of reform and opening up. As an independent professional market intermediary service industry, China's asset evaluation has made great progress, playing an increasingly important role in regulating capital operation, maintaining economic order, and promoting economic development. It has become an indispensable part of China's market economy development. Important force.
The asset evaluation industry is greatly affected by policies. As the state-owned economy restructuring comes to an end, competition among evaluation enterprises is becoming increasingly fierce, but the new situation also provides huge business opportunities for the development of the evaluation industry.
The "Foreseeing China Assets Valuation Industry Analysis Report" shows that as of 2013, the valuation industry has a team of more than 3,000 valuation agencies, more than 32,000 registered asset appraisers, and more than 100,000 employees, gradually adapting to market development. According to incomplete statistics, from 2005 to 2010, the national asset assessment income also achieved an average annual growth of more than 10%.
According to the National Twelfth Five-Year Plan, in the next five years, the state will take increasing the proportion of modern service industries as one of the main goals of economic and social development, and promote the development of modern service industries as a strategic priority in optimizing and upgrading the industrial structure to encourage modern service industries Mergers, reorganizations, or joint operations of companies in the field, increasing industrial concentration in market integration, and developing a number of large service companies or enterprise groups will definitely provide a good opportunity for asset appraisal companies to become bigger, stronger and better.
Development process of the asset evaluation industry
1. In the late 1980s and early 1990s, asset evaluation came into being due to the needs of the socialist market economy. China's asset evaluation industry has entered a start-up period.
2. In the mid-1990s, with the advent of the state-owned enterprise joint-stock system, the number of appraisal institutions and appraisers increased rapidly, and China's asset appraisal industry entered a period of rapid development.
3 From the end of the twentieth century to the beginning of the twenty-first century, assessment agencies and
Asset valuation
Title: Asset Evaluation
Author: Qinzhong Fu, Yang recorded strong
Publisher: Tsinghua University Press
Publication time: 2009-12-1
Folio: 16
Price: 29.00 yuan
brief introduction
This textbook is compiled based on the latest issued asset evaluation guidelines and legal norms, reflects the latest status of asset evaluation development, comprehensively introduces and elaborates the basic principles and basic technical methods of asset evaluation, and introduces the principles and principles of asset evaluation in more detail. Specific applications of technology. This textbook covers all aspects of theory, practice, and management.
This book is suitable for undergraduate students majoring in economics and management in general colleges and universities, especially for undergraduates majoring in asset evaluation, auditing, finance, accounting, financial management and other professional studies. It can also be used for asset evaluation practice work. Staff reference.
Book Catalog
Chapter I Basic Theory of Asset Evaluation
Chapter II Procedures and Basic Methods of Asset Evaluation
Chapter III Evaluation of Machinery and Equipment
Chapter IV Real Estate Evaluation
Chapter V Appraisal of Current Assets
Chapter VI Evaluation of Intangible Assets
Chapter VII Evaluation of Long-term Investment Assets
Chapter VIII Evaluation of Resources and Assets
Chapter IX Enterprise's Overall Asset Evaluation
Chapter X Comprehensive Operational Practice of Asset Evaluation
Chapter XI Asset Management Industry Management and Code of Conduct
Appendix Time Value Coefficient Table of Funds
Answers to Exercises
references
Asset valuation
Author: National CPV written exam group compiled books
Publisher: Economic Science Press
Publication time: 2009-4-1
Word Count: 430000
Pages: 563
Folio: Big 32
Packaging: Paperback
Price: 25.00
brief introduction
Asset evaluation has become an indispensable and important part of the socialist market economy. At present, the state attaches great importance to the market intermediary industry, including asset valuation, and has provided an unprecedented good policy environment for the development of China's asset valuation industry. At the same time, it has also set higher requirements for the overall improvement of the quality of registered asset appraisers.
One of the most important aspects of standardizing the development of China's asset appraisal industry is the selection and training of a registered asset appraiser reserve with both merits and talents. In order to cooperate with the 2009 National Registered Asset Appraiser Examination and better serve the majority of candidates, the China Asset Appraisal Association organized relevant experts and professors in accordance with the test scope determined by the 2009 National Registered Asset Appraiser Exam Outline and combined with registered assets The characteristics of the assessor's qualification examination have absorbed feedback from previous years' propositions and marking work, and compiled this set of examination books. This booklet strives to systematically and comprehensively reflect the knowledge and skills required for the evaluation of registered assets. It focuses on the combination of theory and practice, professional quality education and exam guidance, and pays attention to absorbing the latest achievements in the field of asset evaluation theory research and practice, especially the recent release of the country. Related policies and regulations and industry guidelines. The entire set of books is easy to understand, easy to understand, and has strong practicality and pertinence. It is not only a reference material for candidates and a practice guide for registered asset appraisers. It can also be used as a reference material for college asset evaluation majors and related scholars.
The full set of examination books is divided into five subjects: "Asset Evaluation", "Economic Law", "Financial Accounting", "Basics of Mechanical and Electrical Equipment Evaluation" and "Basics of Construction Engineering Evaluation". On the basis of the 2008 examination books, the five subjects examination books are supplemented and revised in accordance with the changes in related laws and regulations and the latest development of theoretical research in the past year. "Asset Appraisal" was revised in accordance with the newly issued relevant evaluation criteria, adding "assessment for financial reporting purposes" and other contents; "Economic Law" has made major adjustments to the chapter structure and expanded the "Property Law" Related content. Registered asset appraiser qualification exam propositions will be mainly based on the "2009 National Registered Asset Appraiser Exam Outline" and the knowledge content of this set of books. Candidates should combine the study of the exam outline and the exam book, and pay attention to understanding and mastering the relevant Based on the basic knowledge, basic theory and basic skills, it can be flexibly used.
In order to help candidates deepen their comprehensive understanding of relevant professional knowledge, we have also compiled the "National Registered Assets Appraisers Examination Comprehensive Exercises Set" and "National Registered Assets Appraisers Examination Related Regulations" that are matched with the test books for your reference.
table of Contents
Chapter 1: Overview of the Development of China's Asset Evaluation Industry 15
1.1 Overview of the Asset Valuation Industry 15
1.1.1 Definition of Asset Evaluation 15
1.1.2 Value of asset valuation 15
1.1.3 Charging Standards for Asset Evaluation Industry 16
1.1.4 Sources of Asset Evaluation Business 17
1.2 Differences between domestic asset valuation standards and international standards 17
1.2.1 Differences in scope and effectiveness 17
1.2.2 Differences in Principles 17
1.2.3 Differences in Standard Content 18
1.2.4 Criterion Item Differences 18
1.3 Favorable External Factors for the Development of the Asset Valuation Industry 20
1.3.1 National Attention to Asset Valuation Industry 20
1.3.2 Legal support for the asset valuation industry 20
1.3.3 Changes in the relevant standards of the asset evaluation industry 21
1.3.4 Economic globalization brings opportunities to the industry 22
1.4 Analysis of Enterprise Asset Evaluation Methods 22
1.4.1 Main Methods of Enterprise Asset Evaluation 22
(1) Net price method of asset replacement cost 22
(2) Present value method of asset returns 23
(3) The current market price method of assets 23
(4) Asset Liquidation Price Method 24
1.4.2 Defects in Enterprise Asset Evaluation Methods 25
1.4.3 Improvement of Enterprise Asset Evaluation Methods 26
1.5 Analysis of Development of Related Industries for Asset Evaluation 27
1.5.1 Analysis of the development of accounting firms 27
(1) Analysis of the status quo of the development of accounting firms 27
(2) Impact of the development of accounting firms on the asset valuation industry 28
1.5.2 Analysis of Tax Firm Development 29
(1) Analysis of the Status Quo of Tax Firms 29
(2) Impact of the development of tax accounting firms on the asset valuation industry 30
1.5.3 Analysis of Law Firm Development 30
(1) Analysis of Development Status of Law Firms 30
(2) Impact of the development of law firms on the asset valuation industry 31
1) Analysis of the market environment of China's asset evaluation industry 32
1.6 Analysis of the policy environment of the asset evaluation industry 32
1.6.1 The regulatory environment of the asset valuation industry 32
1.6.2 Laws and Regulations of the Asset Valuation Industry 32
1.6.3 Asset Evaluation Segmentation Industry Evaluation Guidelines 33
1.7 Analysis of the Economic Environment of the Asset Evaluation Industry 34
1.7.1 Analysis of International Macroeconomic Operation 34
1.7.2 Analysis of Domestic Macroeconomic Operation 37
(1) Analysis of Domestic GDP Growth 37
(2) analysis of industrial economic growth 38
(3) analysis of industrial production price 40
(4) Investment in Fixed Assets 42
(5) Total retail sales of consumer goods 43
(6) Total imports and exports and their growth 44
(7) Manufacturing Purchasing Manager Index 46
(8) Non-manufacturing business activity index 47
1.7.3 Forecast of Domestic Price Index Trends 49
1.7.4 Forecast of Domestic Macroeconomic Prospects
1.8 Technical Environment Analysis of Asset Evaluation Industry 52
1.8.1 Evaluation method of electromechanical equipment 52
1.8.2 Real Estate Evaluation Methods 53
1.8.3 Intangible Asset Evaluation Method 55
1.8.4 Financial asset assessment methods 57
1.9 Industrial Environment Analysis of Asset Evaluation Industry 59
1.9.1 Development Policy and Planning of Equipment Manufacturing Industry 59
1.9.2 Development Policies and Plans for the Energy Industry 60
1.9.3 Development Policies and Plans for the Real Estate Industry 61
1.9.4 Development Plans for Other Strategic Emerging Industries 62
(1) Panoramic analysis of the development of China's asset evaluation industry 63
1.10 Analysis of Supply and Demand in the Asset Evaluation Market 63
1.10.1 Market Demand Analysis of Asset Evaluation Industry 63
(1) market analysis of enterprise asset transfers 63
(2) Market Analysis of Enterprise Mergers and Reorganizations 63
(3) market analysis of Sino-foreign joint ventures 64
(4) market analysis of corporate bankruptcy and liquidation 64
(5) Market Analysis of Asset Mortgage and Guarantee 65
(6) analysis of corporate asset leasing market 65
(7) market analysis of corporate debt restructuring 66
1.10.2 Analysis of Market Supply in Asset Evaluation Industry 66
(1) Analysis of the number and scale of asset evaluation institutions 66
(2) Analysis of income scale of asset appraisal agencies 66
(3) Analysis of the income structure of asset appraisal institutions 68
(4) Number of employees in asset evaluation industry 68
1.11 Factors Affecting Competition in the Asset Evaluation Industry 69
1.11.1 Analysis of influence of existing competitors 69
1.11.2 Analysis of Bargaining Factors by Business Providers 71
1.11.3 Analysis of influencing factors of potential entrants 71
1.12 analysis of competition in the asset evaluation industry 71
1.12.1 Analysis of the Market Structure of the Asset Evaluation Industry 71
(1) Market Concentration in Asset Evaluation Industry 71
(2) Product differentiation in asset evaluation industry 73
(3) Entry barriers to the asset valuation industry 73
1.12.2 Analysis of Competition Content in the Asset Evaluation Industry 74
(1) Price Competition in Asset Evaluation Industry 74
(2) Competitive Behavior Analysis of Asset Evaluation Reports 74
1.12.3 Market Performance Analysis of Asset Evaluation Industry 75
(1) Analysis of Asset Evaluation Practice Level 75
(2) Analysis of the scope of asset evaluation practice 75
(3) Quality analysis of asset evaluation report 75
1.13 Analysis of Human Resources in the Asset Evaluation Industry 76
1.13.1 Relationship between human resources and industry competitive advantage
1.13.2 Distribution of Asset Valuation Specialties 76
1.13.3 Quality of Asset Evaluation Industry 78
1.13.4 Measures for the construction of core human resources
(1) Market Analysis of China's Asset Valuation Industry 81
1.14 Market Analysis of Electromechanical Equipment Evaluation 81
1.14.1 Analysis of Prosperity of Mechanical and Electrical Equipment Manufacturing 81
1.14.2 Analysis of Price Index of Mechanical and Electrical Equipment 81
1.14.3 Development Analysis of Electromechanical Equipment Segmentation 82
(1) analysis of general equipment market conditions 82
(2) analysis of special equipment market conditions 83
(3) analysis of electrical equipment market conditions 84
(4) analysis of electronic equipment market conditions 85
1.14.4 Risk Analysis of Electromechanical Equipment Evaluation 85
(1) Determination of assessment scope86
(2) Selection of assessment methods86
(3) Composition of asset value 86
(4) Risk of legal ownership
(5) Risks disclosed in the report87
1.15 Real Estate Evaluation Market Analysis 88
1.15.1 Real Estate Market Prosperity Analysis 88
1.15.2 Development Scale of Real Estate Market 89
(1) National Real Estate Investment Scale 89
(2) National Real Estate Construction Scale 90
(3) National Commercial Housing Sales Scale 92
1.15.3 Real Estate Evaluation Market Price Analysis 93
(1) Analysis of land price levels in key cities 93
(2) Analysis of housing prices in large and medium cities94
1.15.4 Price Analysis of Building Materials 95
1.15.5 Qualification level of real estate appraisal agencies 96
1.15.6 Competitive Analysis of Real Estate Appraisal Agencies 97
Land use right transfer price evaluation 99
Real estate transfer price assessment 101
Valuation of Real Estate Mortgage 102
House expropriation assessment 104
Real estate consulting services106
Forensic evaluation of real estate 107
Real estate valuation for other purposes109
1.15.7 Real estate assessment risk analysis 111
(1) Technical risk 111
(2) Policy risk 111
(3) Practice risk 111
(4) Inherent risks 112
(5) industry risk 112
1.15.8 Risk Prevention Recommendations for Real Estate Evaluation 112
1.16 Market Analysis of Resource Asset Evaluation 113
1.16.1 Brief Description of Covered Areas of Resource-Based Industries 113
1.16.2 Analysis of the Development of Resource-based Industries 113
1.16.3 Product Price Analysis of Resource-Based Industries 114
1.16.4 Analysis of Resource-Based Industry Segments 115
(1) Forest resources assets assessment 115
(2) Mineral Resources Asset Evaluation 116
1.16.5 Risk Analysis of Resource-based Industry Assessment 116
(1) Factors affecting asset evaluation in resource-based industries 116
(2) Risk prevention for asset evaluation in resource-based industries 117
1.17 Market Analysis of Intangible Asset Evaluation 118
1.17.1 Coverage of Intangible Assets 118
1.17.2 Analysis of Intangible Asset Segment Markets 118
(1) Market Analysis of Cultural Asset Evaluation 118
(2) Evaluation market of intellectual property rights 119
(3) Analysis and evaluation of goodwill assets 119
1.17.3 Risk Analysis of Intangible Asset Evaluation 120
1.17.4 Risk Prevention Recommendations for Intangible Asset Evaluation 121
1.18 Enterprise Valuation Market Analysis 122
1.18.1 Market Size Analysis of M & A and Reorganization 122
1.18.2 Market Analysis of Corporate Listing Valuation 123
(1) Market Analysis of Main Board Listed Companies Evaluation 123
(2) Market Analysis of GEM Listed Companies 124
(3) Market Analysis of Small and Medium Listed Companies Evaluation 130
1.18.3 Market Analysis of Valuation of Other Enterprises 131
1.18.4 Enterprise Value Assessment Risk Analysis 132
1.18.5 Enterprise Value Assessment Risk Control 133
