Asset Valuation Tutorial

Author: Qiao Zhimin
Publisher:
Publish Date: 2003-10-01
Features: The value of assets and how it is measured are issues that investors, corporate managers, investment bankers, tax advisors, and other market participants need to understand and be concerned about. Accurate judgment of asset value is the foundation for successful asset financing and investment, asset management and operation, and asset consulting services. Asset valuation is an effective means of providing a scientific basis for determining asset value. The asset valuation work in our country originated from the market-oriented reform of state-owned enterprises. However, with the growing development and prosperity of the socialist market economy, the objective demand for asset valuation has expanded from the sale of state-owned enterprises, joint ventures, shareholding operations, and bankruptcy liquidation to business areas such as corporate mergers and acquisitions, value-added management and operation of corporate assets, the analysis of the true value of invested enterprises by investors in the capital market, asset transactions involving different forms of ownership, and transfer pricing within multinational corporations.
This textbook systematically elaborates on all aspects of asset valuation, covering basic theories, procedures, and methods of asset valuation, as well as the valuation of machinery and equipment, real estate, intangible assets, financial assets, current assets, enterprise value, the application of option valuation methods, and asset valuation reports. It is highly systematic and practical, making it suitable for teaching upper-level undergraduate students with a foundation in economics and financial management, as well as for professionals engaged in asset valuation and related fields.