Appraisal And Analysis On The Business Valuation Standard

On December 30, 2004, the Financial Department issued＜Business Valuation Guidance Opinion(Implementation)＞established by China Appraisal Society. This is a historical significance step on thepath of the gradually consummated standards system after the two Assets Appraisal Basic Standards. Itnot only unified the actual situation of Chinese appraisal industry, also has fully profited from successexperience of the international appraisal profession. It has the extremely vital significance to promotethe health development of our country's appraisal profession on the new time. But, the GuidanceOpinion is science feasible or not, how is the implementation effect, what is the difference of theappraisal standards between our country's and other's. All of the questions are the present importantissues in the appraisal profession, and at present the theory has not study on these questions deeply andsystematic. Therefore, the study goal is from the questions which reflected according to thequestionnaire survey, comparing with the overseas standards, then carrying on the appraisal analysis tothe scientific feasibility of the standards, and putting forward the improvement proposal aiming at thespecifically insufficiency. The article uses the questionnaire survey method and the comparison analyticmethod. First, explicating the two methods' scientific feasibilities, then compiling and analyzing theinvestigation data generally, and also explanting the general situation and comparing our country'sGuidance Opinion, International Valuation Standards, USA's Uniform Standards of ProfessionalAppraisal Practice and European Valuation Standards. Next, aiming at the feedback information of theGuidance Opinion's application degree, implementation effect etc. from the view of the questionnairesurvey, carrying on the comparison appraisal with other country's standards on the aspects of the basicrequest, the appraisal request, the appraisal method and the appraisal disclosed etc. Through thecomparison discovering that our country's Guidance Opinion conforms to our country nationalcondition, and it has many good points. For example, the frame is reasonable, the orderliness is clear,the standard of the appraisal methods are scientific and so on; But it also has some insufficiency of thetheory instructions, performance degree and so on. For example, the explanation to the working of theexperts'assist is not detailed enough; the stipulation of the value type is quite abstract and so on. At thesame time, summering the overseas success experience from which we may profit and study, taking theaspect to suit our country's appraisal industry development, enriching and consummating our country'sbusiness valuation standard unceasingly, speeding up the connect with the internet. Finally, aiming atthe questions which discovered from the view of the questionnaire survey and the comparative analysis, some feasible suggestion is proposed, in order to promote the standards' further consummation. Such asconsidering the standards' formulation principle, like the theory and practice as the foundation principle,the model and the improvement parallel principle and so on, adjusting the standards' words degreeappropriately, completing the compulsory provision and the occupation judgment coordination,considering the coordination to the basis standards and accountant standards and so on.