Professional Documents
Culture Documents
University Lecturer
MARIAN COVLEA
PhD Candidate in
Financial Management
May 14, 2007
Kind Requests!
Accounting Valuation
is preceeded by:
(Business) Analysis and Diagnosis
of the element to be valued
What is Value? (1)
Value in Economy
Utility Value:
represents the extension of user’s want/need
fulfillment and satisfaction, it is highly
subjective.
reflects the subjective, soft, invisible, hardly
verifiable or provable part of an asset, a liability,
a business or a company.
generates non-patrimonial valuation methods,
such as Discounted Cash Flow.
What is Value? (4)
CONCLUSION:
Value and Valuation
are core subjects and major concerns in
Accounting
What is “Valuable”?
Expenses, costs
Securities (stocks/shares, bonds,
derivatives - options, futures)
Businesses
Companies
Activities
Advertising campaigns, etc.
The Necessity of
Accounting Valuation
BUSINESS VALUATION
(“Evaluare economico-financiara”)
includes:
Accounting Valuation
To approximate = a aproxima
Approximation = aproximare
Synonyms for “Valuation” (6)
Retail Method:
1. Sales value should be reduced by gross margin
to calculate cost.
2. Average percentage should be used for each
homogeneous group of items.
3. Marked-down prices should be taken into
consideration.
Value/Cost
of Inventories as Output (4)
Market
Value (at the Stock Exchange, for listed
companies).
Value and Price
Do not be shy!
ACCOUNTING VALUATION
Thank You,
for Your Kind and Understanding
Attention!
BIBLIOGRAPHY (1)
ACCA (The Association of Chartered Certified Accountants): Preparing
Financial Statements – International Stream (Paper 1.1), BPP Publishing,
London – UK, 2001;
Bannock, Graham; Manser, William: Dicţionar internaţional de finanţe,
Editura Universal Dalsi – 2000, Bucureşti, 2000;
Boardman, Anthony E.; Greenberg, David H.; Vining, Aidan R.; Weimer,
David L.: Analiza Cost – Beneficiu: Concepte şi practică, Editura ARC,
Chişinău, Republica Moldova, 2004;
Caplan, Suzanne: Finance & Accounting, Adams Media Publishing House,
Avon – Massachussetts, USA, 2000;
Călin, Oprea; Ristea, Mihai: Bazele contabilităţii, Editura Naţional, Bucureşti,
2001;
Collin, P.H.; Jollife, Adrian: Dicţionar de contabilitate englez – român, Editura
Universal Dalsi – 2000, Bucureşti, 2000;
BIBLIOGRAPHY (2)
International Accounting Standards Board: International Accounting
Standards/International Financial Reporting Standards, London – UK, 2007,
www.iasb.org;
International Valuation Standards Committee: International Valuation
Standards, Eighth Edition, London – UK, 2007, www.ivsc.org;
Low, Jonathan; Cohen Kalafut, Pam: Invisible Advantage: How Intangibles
Are Driving Business Performance, Cap Gemini Ernst & Young, Cambridge
– Massachussetts, USA, 2002;
Needles Jr., Belverd E.; Anderson, Henry R.; Caldwell, James C.: Principiile
de bază ale contabilităţii (ediţia a cincea), Editura ARC, Chişinău, Republica
Moldova, 2001;
Random House Webster’s College Dictionary, New York - NY, USA, 2003;
Siegel, Joel G.; Shim, Jae K.: Dictionary of Accounting Terms, Barron’s
Business Guides, Hauppauge – New York, USA, 2005;
BIBLIOGRAPHY (3)
Smith Linton, Heather: Business Valuation, Adams Media Publishing House,
Avon – Massachussetts, USA, 2004;
Traşcă, Margareta: Evaluări contabile patrimoniale, Editura Tribuna
Economică, Bucureşti, 1998;
Ulrich, Dave; Smallwood, Norm: How Leaders Build Value, John Wiley &
Sons, Inc., Hoboken – New Jersey, USA, 2006;
Van Greuning, Hennie: Standardele Internaţionale de Raportare Financiară
(ediţie bilingvă engleză – română), Editura IRECSON, Bucureşti, 2005.
THE END
THANK YOU
FOR YOUR KIND ATTENTION!
marian.covlea@gmail.com
mariancovlea@yahoo.co.uk