International practice of business valuation
DOI:
https://doi.org/10.31617/3.2023(126)08Keywords:
business assessment, management, companies, cost, standards.Abstract
Introduction. The relevance of business value assessment is increasing due to the strengthening of the competition of market entities for the capital of investors and shareholders and the acceleration of the pace of globalization.
Problem. These factors make it necessary to make timely changes to the method of estimating the value of the enterprise, aimed at the formation of a qualitative management decision-making system in the field of choosing alternatives to financial forecasts for the development of the enterprise and entering new markets.
Methods. Methods of induction and deduction, cause-and-effect relationship, grouping, tabular and graphic methods are applied.
The aim of the research is to reveal the process of business value assessment using international tools and the implementation of international property value assessment standards in practice.
Results. Methods of assessing the value of business at the theoretical and practical levels are considered. The international normative and legal provision of business assessment is analysed; alternatives of assessment types, assessment methods and their influence on the formation of business value. The calculation of the business value is given on the example of one of the most valuable companies in the world.
Conclusions. The value of the enterprise is a complex indicator that is necessary to understand the current state of the business and its development prospects in order to make informed management decisions. The use of different approaches and methods to the evaluation requires taking into account various aspects of the company’s activity.
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