American Society of Appraisers Announces Top Reasons Why Companies Need to Have a Current Business Valuation.WASHINGTON -- As the top business valuation experts convene this week in Las Vegas to discuss emerging issues including a company's fair value, the ins and outs ins and outs pl.n. 1. The intricate details of a situation, decision, or process. 2. The windings of a road or path. of determining the worth of private equity funds, the worth of intangibles and new regulations governing business, it is clear that many executives still don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. as much as they could about the field of business valuation. "In this climate of corporate accounting scandals and quickly evolving corporate accounting legislation, it is very important for companies to be knowledgeable about regulations which mandate valuations," said Donna J. Walker, ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and , International President of the American Society of Appraisers and a principal with Columbia Financial Advisors Inc. in Portland, Ore. "Even if your company isn't required to have a business valuation, it is still important to your company's future to know exactly what it is worth." The American Society of Appraisers (ASA), among the founding members of the field of business valuation, recommends that every company, whether publicly traded or not, have a current business valuation. "Every CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. or President of a company should have a current business valuation in his or her desk drawer, says Bruce Bingham, ASA, senior managing director with Trenwith Valuation LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . "It is the only way to make informed decisions about the direction your company should take." The following are the top reasons that companies benefit from having a business valuation. 1. Know what your company is worth. Many business owners have no idea what their business is worth; and if they think they know, they are probably wrong. Sentiment often gets in the way of good judgment. For a fair and independent opinion, CEOs and owners should obtain a professional business valuation. 2. Understand where your company fits in the landscape. A business valuation will research and provide an explanation of your specific industry and will place your company in the competitive landscape of your specialized market. It will also tell you the market price of publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. that are engaged in your line of business. 3. Learn the financial condition of your company. Business owners may think they understand the financial health of their company, however having an independent review and analysis including intangible assets can confirm or deny the theories. 4. Make fast decisions on buying, selling, and mergers. If you are faced with the option to buy, sell, or attract capital for your business, you may not have time to wait to have a business valuation completed. Having a current valuation will enable you to strike while the iron is hot. 5. Stay current. The market is in constant flux. It is important to get regular business valuations because your company, your industry and the economy are continually changing. A business valuation report, completed by an accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. valuation expert who is a member of a professional society working in compliance with established professional standards, may be appropriate for use in courts, for financing and for tax challenges as needed as needed prn. See prn order. . To find a business valuation expert near you, log on to www.appraisers.org. About ASA The American Society of Appraisers is an international organization of appraisal professionals and others dedicated to the education, development and growth of the appraisal profession. ASA is the oldest and only major organization representing all disciplines of appraisal specialists, originating in 1936 and incorporating in 1952. ASA's headquarters is in the metropolitan Washington, D.C., area. To find an accredited appraiser A person selected or appointed by a competent authority or an interested party to evaluate the financial worth of property. Appraisers are frequently appointed in probate and condemnation proceedings and are also used by banks and real estate concerns to determine the market near you, visit www.appraisers.org or call (800) 272-8258. |
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