The objective of business valuation is to identify the hidden value behind the the success of the business. It is about to identify the secret of the success, the strategy, the tactics to achieve success. Then transform the secret of success into a value,
So valuation is not about mathematics computation, the formula used or approach.
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
In Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
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