Business Valuatio웳튵볛횵움맀N쪣폠쫕틦볛횵움맀쒣탍벰펦폃쯎?욽†?돂몣럀햪튪ꎺ쪣폠쫕틦쒣탍쫇돤럖샻폃쿖폐뗄믡볆탅쾢ꎬ틔릫쮾좨틦뗄헋쏦볛횵뫍풤웚쪣폠쫕틦뗄쿖횵살뇭쪾막욱쓚퓚볛횵뗄쫽샭쒣탍ꆣ쿠뇈뒫춳뗄쿖뷰쇷솿헛쿖쒣탍ꎬ쪣폠쫕틦쒣탍뻟놸뫜듳뗄폅뗣ꎬ틲듋돉쇋쏀맺닆컱톧뷧뷼쪮쓪살럇뎣쇷탐뗄퇐뺿훷쳢ꎬ늢퓚쪵볹훐좡뗃쇋솼뫃뗄펦폃킧맻ꆣ놾컄뛔룃쒣탍뷸탐쇋뷏쿪쾸뗄닻쫶ꎬ늢틔맺쓚짏쫐릫쮾뗄쪵샽뷸탐쇋쮵쏷ꆣ웳튵웵풼샭싛죏캪웳튵뿉틔쫓캪탭뛠웵풼뗄벯뫏ꆣ살쏀맺닆컱톧뷧ퟮ죈쏅뗄퇐뺿훷쳢횮튻ꆣ헢킩웵풼훐뗄튻룶훷튪쳵뿮벴쫇쯹폐헟뛔웳튵닺뫍쿖쯹캽쪣폠쫕틦쫇횸릫쮾뗄뺻샻죳폫막뚫쯹튪쟳믱뗃뷰뗄쪣폠쯷좡좨ꆣ뛸막욱뻍쫇막뚫뛔웳튵쪣폠쫕틦뗄쯹뗄놨돪횮닮ꆣ웳튵횻폐좡쇋뎬맽막뚫튪쟳뗄놨돪뗄뺻폐좨ꆣ뷼쓪살ꎬ쪣폠쫕틦⡒敳楤畡氠䥮捯浥?샭싛쫜떽쇋샭샻죳ꎬ닅쯣쫇믱뗃쇋헽뗄쪣폠쫕틦ꎻ죧맻횻쓜믱뗃쿠떱싛뷧뗄훘쫓ꆣ폚막뚫튪쟳뗄놨돪뗄샻죳ꎬ뷶뷶쫇쪵쿖쇋헽뎣쫕틦ꆣ벴튻ꆢ쪣폠쫕틦맀볛쒣탍룅쫶쪣폠쫕틦剉琫?㴠义琫?ꎭ爠䉖?ꎬ웤훐ꎬ剉琫?듺뇭琫?웚뗄쪣폠쫕틦쒣탍ꎨ剉?ꎩ폖놻돆캪䕂?쒣탍ꎬퟮ퓧쫇평쪣폠쫕틦ꎬ义琫?듺뇭琫?웚뗄웳튵뺻쫕틦ꎬ䉖?쫇?웚웳낮뗂뮪ꎨ䕤睡牤?ꎩ뫍놴뛻ꎨ䉥汬ꎩ폚ㄹ㘱쓪쳡돶뗄ꎬ튵좨틦뗄헋쏦볛횵ꎬ?쫇춶헟튪쟳뗄뇘튪놨돪싊ꆣ쪣폠떫늢쎻폐틽웰닆컱샭싛뷧뛠듳뗄훘쫓ꎬ돁볅쇋뫜뎤튻뛎쫕틦탨튪뷸탐놾돉놾뗄뗷헻ꎬ듓뛸랴펳믡볆짏캴볓좷쪱볤ꆣㄹ㤵쓪쏀맺톧헟냂뛻즭ꎨ佨汳潮ꎩ퓚웤컄헂ꆶ좨죏떫쫂쪵짏듦퓚뗄좨틦놾뗄믺믡돉놾ꆣ틦맀볛훐뗄쫕틦ꆢ헋쏦볛횵뫍막샻ꆷ훐ꎬ뛔헢튻쒣탍릫쪣폠쫕틦쒣탍쫇쪹폃릫쮾좨틦뗄헋쏦볛횵뫍풤웚쪣쮾좨틦볛횵폫믡볆뇤솿횮볤뗄맘쾵ꎬ퓙듎뷸탐쇋쾵춳뗄폠쫕틦뗄쿖횵ꎬ살뇭쪾막욱뗄쓚퓚볛횵ꆣ퓚뾼싇믵뇒쪱닻쫶ꎬ쪹룃쒣탍훘탂뗃떽샭싛뷧뗄훘쫓ꎬ늢돉캪뷼쪮쓪볤볛횵틔벰춶헟쯹튪쟳뗄럧쿕놨돪뗄쟩뿶쿂ꎬ붫웳튵헛볛ꎬ훷튪좡뻶웤돵쪼움맀볛횵뗄움맀랽램ꆣ죧맻돵쪼뗄ퟮ훕움맀볛횵뮹펦뷸탐쇷뚯탔헛볛ꆣ듋췢탨튪쏷움맀볛횵닉폃볆쯣뿘막볛횵랽램뗃돶뗄ꎬ퓲뻟놸뿘막탔좷ꎬ죧맻퓚움맀훐닉폃뗄쫇쫕틦쿖횵램ꎬ쟒닉폃놾훊뗄뎤웚막좨춶뗄ퟮ훕뗄움맀뷡맻횻탨뾼싇쫇럱탨튪닺뚨볛쒣탍좷뚨헛쿖싊ꎬ뗃돶뗄움맀볛횵듺뇭뗄쫇뿘막닉폃쇷뚯탔헛볛ꎬ뛸쫴폚짙쫽막좨뗄뎤웚막좨춶ꎬ뮹좨틦볛횵ꆣ죧맻헛쿖싊뗄볆쯣닉폃쇋ꛂ쾵쫽ꎬ떫캴룹뻝탨뾼싇짙쫽막좨뗄헛볛ꎻ죧맻돵쪼움맀볛횵쫇붫릫뾪횤놾닺뚨볛쒣탍뷸탐뗷헻ꎬ퓲웤뷡맻펦쫇짙쫽막좨뗄좯쫐뎡붻틗뗄짙쫽막좨볛횵ퟷ캪틀뻝뗃돶뗄ꎬ퓲퓚움맀볛횵ꆣ뿘막막좨쪱ꎬ펦뾼싇뿘막틧볛ꆣ닎뾼컄쿗ꎺ뛸떱믱뗃뗄쫐뎡붻틗쫽뻝쫇쫴폚럇짏쫐웳튵뗄막좨嬱?튶뾵쳎?릫쮾뿘훆좨뗄틾탔쫕틦ꆪꆪ살ퟔ훐맺럇쇷춨막죃쫐뎡뗄붻틗쫽뻝ꎬ쟒웤죃뗄좨틦캪뿘막막좨쪱ꎬ퓲퓚움맀럇퇐뺿?뺭볃뿆톧ⰲ〰㌮嬲?몫뗂ퟚ?튶뒺뮪?뿘훆좨쫕틦뗄샭싛폫쪵횤퇐뺿ꎬ춳볆퇐뺿ⰲ〰㐮짏쫐웳튵뗄뿘막막좨쪱ꎬ늻탨튪뾼싇뿘막틧볛ꆣ뛸쟒평嬳?믆볡?짏쫐릫쮾막좨죃틧볛펰쿬틲쯘뗄쪵횤럖컶?맣뚫맣능뗧쫓폚닎헕컯캪럇짏쫐웳튵ꎬ맊튲컞탫뾼싇쇷뚯탔헛볛ꆣ떫듳톧톧놨ⰲ〰㌮죧맻듋쪱움맀뗄쫇짙쫽막좨ꎬ탨튪뾼싇짙쫽막좨헛볛ꆣ嬴?훬럥?퓸컥튻?짏쫐릫쮾뿘막좨틧볛퇐뺿?뚫쓏톧쫵ⰲ〰㈮嬵?偲慴琬⁓桡湮潮⁐⁒敩汬礬⁒潢敲琠䘬⁃偁Ⱐ䍆䄬⁁十⁓捨睥楨猬⁒潢敲琠倮죧맻퓚뎤웚막좨춶뗄움맀훐ꎬ닉폃뗄쫐뎡붻틗쫽䅓䄮⁖䅌啉乇⁁⁂啓䥎䕓ꆪ?周楲搠䕤楴楯渮⁃桩捡杯Ⱐ䥌㨠䥲睩測‱㤹㘮뻝쫴폚룟쇷뚯탔짙쫽막좨ꎬ퓲뛔럇짏쫐웳튵뎤웚막좨춶ꎨퟷ헟떥캻ꎺ쇉쓾쪡닺움맀킭믡†뚫놱닆뺭듳톧ꎩ㈵
Busi웳nes튵s V볛al횵ua움tio맀n풤웚쪣폠쫕틦내헕튻뚨뗄헛쿖싊뷸탐헛쿖틔뫳ꎬ퓙볓짏풭샭뻟폐쓚퓚뗄ퟔ컒뗷헻탔훊ꎬ쪹믡볆뫋쯣랽램뗄닮틬떱웚좨틦볛횵뻍쫇막욱뗄쓚퓚볛횵ꆣ웤믹놾릫쪽쫇ꎺ춬쪱퓚캴살쫕틦뫍떱잰헋쏦볛횵짏뗃떽랴펳ꎬ쯹틔ꎬ믡볆막욱뗄쓚퓚볛횵ꎺ⁐〠㴠䉖?ꚲ剉?ꇁ⠱⭲?뫋쯣랽램뗄닮틬늻믡펰쿬쯹움맀막욱볛횵뗄ힼ좷돌뛈ꆣ평폚剉琫?㴠义琫?ꎭ爠䉖?떱잰웳튵틑뒦폚튻룶뺺헹벤쇒뗄뮷뺳ꎬ돽럇펵폐쳘뛸义琫?㴠剏?琫?ꇁ⁂??쫢뗄벼쫵뫍닺튵뗄ힼ죫뇚생ꎬ떱튻룶탐튵뷸죫뎤웚뺺헹ꎨ쪽훐ꎬ剏?琫?캪琫?웚뗄뺻닺놨돪싊ꎩ뗄뷗뛎쪱ꎬ쯹폐뗄웳튵횻쓜웚췻믱뗃폫놾뗄믺믡돉놾퓲⁒??㴠剏?琫?ꇁ⁂??ꎭ爠䉖琠㴠ꎨ剏?琫?ꎭ?ꎩ䉖?쿠뗈뗄쫕틦ꆣ평폚탂뗄뺺헹뛔쫖뗄늻뛏볓죫벰탐튵쓚늿ꎨ剏??ꎭ?ꎩ䉖琭?웳튵삩듳짺닺뗄돥뚯ꎬ웳튵뗄ꆰ뺭볃ퟢ뷰ꎨ䕣潮潭楣헢퇹짏쫶쒣탍뿉틔뇭쪾캪ꎺ剥湴ꎩꆱ뫜쓑퓚뎤쪱볤쓚캬돖ꎬ벴웳튵뗄뎬뎣쫕틦늢럇믡??ꎽ⁂??ꇆꎨ剏??ꎭ?ꎩ䉖琭?ꇁ⠱⭲?뎤웚돖탸쿂좥ꎬ벴쪣폠쫕틦뗄웚쿞튻냣늻믡첫뎤ꎬ헢퇹ꎬ뺻닺놨돪싊剏?ꎬ뿉틔룹뻝뛅냮닆컱럖컶쳥쾵퓙쪣폠쫕틦쒣탍훐웳튵캴살웚쒩뒦폚컈뚨ힴ첬뗄쫕틦웚뻍럖뷢캪닺놨돪싊ꆢ쿺쫛뺻샻싊ꆢ좨틦돋쫽뗈ꎬ쯹폐헢뷏뎤ꎬ쒣탍펦폃쪱뗄쿠뛔ힼ좷돌뛈튲뻍뗃떽쇋퓶잿ꆣ킩닎쫽뚼뿉틔듓웳튵뗄닆컱놨뇭훐뗃떽ꆣ훁폚춶헟튪쪣폠쫕틦쒣탍붫튻룶웳튵뗄헋쏦볛횵폫풤웚쫕틦솪쟳뗄뇘튪놨돪싊ꎬ뿉틔룹뻝䍁偍쒣탍믲헟쫇䅐?쒣탍쾵웰살ꆣ뛸헢솽쿮놾살뻍쫇막욱쫐뎡춶뻶닟ퟮ캪맘힢뷸탐맀쯣ꆣ뗄솽룶횸뇪ꆣ룃쒣탍쳥쿖쇋웳튵볛횵돉뎤뗄쟽뚯틲쯘쯹튪놣횤쪣폠쫕틦쒣탍뗄폐킧탔ꎬ웳튵믡볆뇘탫싺ퟣ퓚ꆣ쪣폠쫕틦쒣탍쮵쏷ꎬ횻폐릫쮾뗄춶믮뚯쓜릻뒴퓬룟뺻펯폠믡볆맘쾵ꎨ䍬敡?ꎭ卵牰汵猠剥污瑩潮ꎩꎬ벴펰쿬웳튵폚막좨놾돉놾뗄쫕틦뫳ꎬ닅쓜쳡짽릫쮾막욱뗄쓚퓚볛막욱볛횵뇤뚯뗄틲쯘좫늿랴펳퓚웳튵뗄쯰틦뇭훐ꆣ횵ꎬ춶헟튲닅믡횧뢶뇈뺻닺룟뗄볛룱ꆣ럱퓲ꎬ웳튵뗄쪣폠쫕틦쒣탍닉쓉쇋쿖뷰쇷솿헛쿖쒣탍훐뾼싇믵뇒쫕틦뗍폚헽뎣쫕틦쮮욽ꎨ좨틦놾돉놾ꎩꎬ춶헟늻믡뛔뗄쪱볤볛횵폫럧쿕ꆪꆪ쫕틦뛔뗈풭퓲뗄폅뗣ꎬ춬쪱ꎬ웤헢훖막욱횧뢶죎뫎틧볛ꆣ훁폚웳튵뗄ꆰ퓶랢ꆱ뫍ꆰ엤막ꆱ폫뒫춳뗄쿖뷰쇷솿헛쿖랽램폖폐늻춬ꎬ벴듓웳튵뗄볛횵뗈죚믮뚯ꎬ쯤좻퓶볓쇋웳튵좨틦뗄헋쏦볛횵ꎬ떫춬쪱퓶뒴퓬뷇뛈뾼싇컊쳢ꆣ웳튵뗄튻쟐짺닺뺭펪믮뚯뚼쫇캧죆볓쇋릫쮾뗄막럝쫽솿ꎬ퓚탂뗄죚늻쓜뒴퓬돶룟폚놾볛횵뒴퓬뷸탐뗄ꎬ웤뷡맻폖믡퓚닆컱놨뇭짏뗃떽ퟮ훕랴돉놾뗄닆뢻쟩뿶쿂ꎬ웳튵뗄막욱볛횵뻍늻믡뗃떽헦헽쳡짽ꆣ펳ꎬ틲듋ꎬ듋쒣탍쳹쟐뗘랴펳쇋웳튵뗄헦쪵쟩뿶ꆣ탨튪잿뗷뗄쫇ꎬ퓚퓋폃쪣폠쫕틦쒣탍쪱ꎬ쯤좻웳튵뛾ꆢ뛔룃쒣탍뗄움볛뗄믡볆헾닟늻믡펰쿬룃쒣탍뗄ힼ좷돌뛈ꎬ떫쫇믡볆쫽뻝쏀맺톧헟싵뛻쮹⡍祥牳?퓧퓚ㄹ㜷쓪뻍횸돶ꎬ튻룶뛔폚룃쒣탍벫웤훘튪ꆣ틲듋튪쟳움맀죋풱튪쳘뇰훘쫓웳릫쮾뗄쫐뎡볛횵뿉틔평솽늿럖ퟩ돉ꎺ퓚캻닺뫍퓶뎤믺튵믡볆쫽뻝뗄럖컶ꆣ죧맻움맀죋풱뛔폚릫쮾쫕틦뗄럖컶믡뗄쿖횵횮뫍ꆣ퓋폃룃쒣탍ꎬ막욱볛횵벴뗈폚떱웚뺻늻릻돤럖ꎬ뫜뿉쓜붫릫쮾튻킩럇헽뎣쫕틦ꎨ죧뒦훃닺ꆢ닺볛횵볓짏캴살퓶뎤믺믡뗄뺻쿖횵ꎬ헢튲쫇뛔웳튵퓶뎤늹쳹쫕죫뗈ꎩꎬ믲뷶뷶쫇웳튵믡볆뗷헻뗄뷡맻ꎬퟷ캪릫쮾믺믡뗄웚좨볛횵뗄튻훖뫢솿ꆣ튻킩닆컱맜샭톯릫쮾닉룟쫕틦뗄틀뻝ꎬ듓뛸ퟷ돶쇋릫쮾캴살쓜믱뗃룟쫕틦뗄풤폃쪣폠쫕틦뗄룅쓮ꎬ뒴퓬쇋펦폃폚웳튵닆컱맜샭벰볛횵닢ꆣ움맀죋풱퓚퓋폃룃쒣탍쪱ꎬ뇘탫튪뾼싇떽뿉쓜뗄믡움맀뗄샻죳ꆢ뺭볃퓶볓횵ꎨ䕖?ꎩꆢ웳튵볛횵뗈뛠훖쒣탍ꎬ볆쫽뻝욫닮ꎬ늢볓틔뗷헻ꆣ폖죧룃쒣탍뮹폐튻룶펦폃쳵늢뚼좡뗃쇋솼뫃뗄펦폃킧맻ꆣ볾쫇뺻펯폠믡볆맘쾵뗄듦퓚ꆣ뷼쓪살ꎬ평폚풽살풽뛠뗄뒫춳뗄쿖뷰쇷솿쒣탍쪹폃뗄탅쾢늻쓜듓닆컱놨룦횱훮죧믬뫍뷰죚릤뻟ꆢ풤볆뢺햮뗈뇭췢쿮쒿뗄랢짺ꎬ쪹뗃뷓믱뗃뛸쪣폠쫕틦쒣탍뿉틔쪹폃웳튵닺뢺햮뇭뫍쯰틦뛔믡볆헋쏦훐헢튻맘쾵뗄뫢솿쫜떽쇋쳴햽ꆣퟜ횮ꎬ죧맻뇭뗄쫽뻝살횱뷓볆쯣막욱볛횵ꎬ늻탨튪뛔믡볆탅쾢뷸탐퓚닆컱놨뇭쫽뻝뗄헦쪵탔뗃늻떽놣횤뗄쟩뿶쿂ꎬ퓙룟쏷듳솿뗄뗷헻ꆣ쯤좻ꎬ퓚웳튵믡볆짏늻뿉뇜쏢뗘듦퓚ퟅ뫋쯣뗄움맀죋풱튲늻쓜ퟶ돶ힼ좷뗄움맀ꆣ랽램짏뗄닮틬ꎬ떫헢튻닮틬쫇럱믡펰쿬막욱볛횵움맀뗄뺡맜믹폚샺쪷돉놾풭퓲뗄믡볆탅쾢퓢떽쇋훮뛠횤좯ힼ좷탔쓘ꎿ췪좫늻믡ꆣ헢쫇틲캪쪣폠쫕틦쒣탍뗄막욱볛쫐뎡죋쪿뗄엺에ꎬ떫듳솿뗄쪵횤퇐뺿뇭쏷ꎬ믡볆탅쾢뛔룱쫇틔캴살쫕틦폫떱잰헋쏦볛횵캪믹뒡뗄ꎬ뛸뢴쪽볇헋폚막볛뇤뚯뻟폐뷏잿뗄뷢쫍쓜솦ꆣ쪣폠쫕틦쒣탍퓋폃믡㈶
웳B튵usi볛ne횵ss 움Va맀luatioN볆탅쾢횱뷓뷸탐볛횵움맀ꎬ냚췑쇋뒫춳쿖뷰쇷솿헛쿖쒣뗧맢풴닺욷탐튵뺭맽ퟮ뷼벸쓪뗄벤쇒뺺헹ꎬ런즽헕탍듓믡볆쫽ퟖ뮯캪캴살쿖뷰쇷솿쫽ퟖ뗄ꆰ쟺헛ꆱ맽돌ꎬ쏷틑뺭뗬뚨쇋웤맺쓚탐튵뗄쇺춷뗘캻ꎬ뛸캴살벸쓪컒맺늢틲듋쪹쒣탍뻟놸뷏룟뗄쫊폃탔ꆣ쏀맺믡볆톧믡뻍죏캪뺭볃뗄뿬쯙랢햹뮹붫듸뚯뛔뗧맢풴닺욷뗄탨쟳ꆣ좥쓪런쪣폠쫕틦쒣탍쫇튻훖뇈헛쿖쿖뷰쇷솿쒣탍룼캪ힼ좷뗄쒣즽쫐맺캯폖붫웤돖폐뗄런즽헕쏷㈳⸹㜥뗄맺폐막좨탍ꎬ듳솦췆볶펦폃ꆣ죃룸쇋얷쮾샊ꆢ쿣룛폓닽뗈췢막뚫ꎬ폅뮯쇋웤막좨맽좥쪮벸쓪살ꎬ쪣폠쫕틦뫍헛쿖쿖뷰쇷솿뗄랽램돉뷡릹ꆣퟷ캪좫쟲뗧맢풴탐튵뻞춷뗄얷쮾샊뗄뷸뇘붫뷸캪죋쏇ퟮ맘힢뗄솽훖막욱뚨볛랽램ꆣ폐뗄톧헟죏캪헛쿖튻늽쳡짽웤닺욷뗄뺺헹솦ꎬ폐훺폚런즽헕쏷쪵쿖뛾듎쳚쿖뷰쇷솿랽램늻쫜웳튵믡볆랽램뗄펰쿬룼캪ힼ좷ꎬ뛸헽량ꆣ죧냂뛻즭쯹횸돶뗄ꎬ횻튪뺻펯폠믡볆맘쾵듦퓚ꎬ쪣폠쫕런즽헕쏷뗄뷼죽쓪막욱ꛂ횵럖뇰캪〮㤲ꆢ〮㘷ꆢ틦맀볛늢늻쫜믡볆랽램톡퓱뗄펰쿬ꆣ룼뛠뗄톧헟춨맽쪵〮㔶ꎬ뷼튻쓪살뗄막쫐듳헇듳뗸뛔웤막욱ퟟ쫆펰쿬늻쫇횤볬퇩뗃돶뷡싛ꎬ퓋폃쪣폠쫕틦쒣탍뷸탐막욱맀볛룼캪뫜듳ꎬ쿔쪾쇋뫜잿뗄뗖폹럧쿕쓜솦ꆣ틲듋ꎬ컒쏇퓚䍁偍ힼ좷ꆣ웳튵뺭펪랢햹뗄돉맻뇘뚨믡퓚웳튵닆컱놨뇭훐폐쒣탍볆쯣놨돪싊훐ꎬ뛔랴펳룶막럧쿕뗄ꛂ좡〮㘰ꆣ맽좥쯹쳥쿖ꆣ뺡맜믡볆퓬볙뗄쫂샽싅볻늻쿊ꎬ떫ퟜ쳥뛸퇔ꎬ듳벸쓪뎤웚맺햮쓪쫕틦싊캪㐮㐲ꎥꎬ욽뻹막욱럧쿕틧볛㔮뛠쫽웳튵뗄믡볆탅쾢뮹쫇뿉틔샻폃뗄ꆣ쯦ퟅ믡볆볠맜솦?ꎥꎭ㘮?ꎥퟳ폒ꎬ컒쏇좡웤룟횵ꆣ헢퇹룹뻝䍁偍쒣탍뛈뗄볓잿ꎬ램싉ꆢ훆뛈뗄뷸튻늽췪짆ꎬ폐샭평죏캪웳튵볆쯣뗄춶헟튪쟳뗄놨돪싊캪㠮〲ꎥꆣ뗄믡볆탅쾢쓜릻쳡릩쪣폠쫕틦쒣탍펦폃뗄믹뒡ꆣ런즽헕쏷㈰〴쓪뗄쪣폠쫕틦剉ꎽ义琫?ꎭ爠䉖?‽‰?죽ꆢ쒣탍뗄쪵볊펦폃㘵ꎭ㘮ㄱꇁꎨ㐮㐲ꎥ⬶ꎥꇁ〮㘰ꎩꎽ〮ㄶ풪?막ꎬ볙퓚룃쒣탍뗄펦폃훐ꎬퟮ훘튪뗄뻍쫇튪뛔웳튵뗄쪣폠뚨캴살뗄?쓪쓚剉놣돖퓚ㄲꎥ퓶뎤싊쮮욽ꎬ쓇쎴㈰쓪쫕틦ퟷ돶튻룶뷏캪ힼ좷뗄맀볆ꆣ잰컄틑뺭횸돶ꎬ죎뫎웳쒩뗄쎿막剉붫듯떽〮㌱?풪ꎬ횮뫳뷸죫튻룶뷏캪뮺싽뗄튵ꆰ쪣폠쫕틦ꆱ늻뿉쓜폀풶놣돖룟쯙퓶뎤ꎬ헢뻍튪쟳컒욽컈랢햹뷗뛎ꎨ쪣폠쫕틦퓶뎤싊캪?ꎥꎩꆣ쏇퓚맀볛쪱뛔ꆰ쪣폠쫕틦ꆱ좷뚨튻룶뫏샭뗄퓶뎤웚쿞ꎬ늢뛔웤웚쒩볛횵ퟶ돶맀쯣ꆣ웳튵쪣폠쫕틦뗄훷튪살풴쫇뺻닺놨돪싊剏?뗄쳡짽ꎬ죧맻剏?퓚뺭샺쇋튻뛎쪱볤뗄량쯙퓶뎤뫳ꎬ뷸죫튻룶욽컈웚ꎬ컒쏇뻍폐샭평죏캪쪣폠쫕틦튲뷸죫욽컈웚ꆣ룹뻝뛔웤剏?늻춬퓶뎤쯙뛈뗄맀볆ꎬ뿉틔릹퓬뛾뷗뛎ꆢ죽뷗뛎ꆢ짵훁쯄뷗뛎쒣탍살맀쯣릫쮾헢퇹ꎬ뿉틔뗃떽런즽헕쏷막욱뗄쓚퓚볛횵ꎺ막욱볛횵ꆣ쪵볊맀볛쪱ꎬ웳튵뗄뿬쯙퓶뎤웚튻냣뾼싇캪?ꎽ⁂??ꇆ⡒??⥂牴??⬨ㄫ?⤽㘮㈹‰⸱㘶㔭쓪ꆣ쿂쏦폃런즽헕쏷막욱뗄쪵볊샽ퟓ살쮵쏷룃쒣탍⬠〮ㄷ㈠⬠〮ㄸ㔠⬠〮ㄹ㈠⬠〮ㄹ㤠⬠㐮㤰㠠ꎽㄲ⸲ꎨ?풪ꎩ뗄펦폃ꎺ쒿잰런즽헕쏷?막볛룱퓚㤮㔰ⴱ㈮㔰풪횮볤헱떴ꎬ런즽헕쏷ꎨ〰〵㐱ⱓ?ꎩ훷펪튵컱캪뗧맢풴닺욷퇐솽헟뗄훐볤횵헽쫇웤쓚퓚볛횵뗄쳥쿖ꆣ랢ꆢ짺닺뫍쿺쫛ꎬㄹ㤳쓪퓚짮붻쯹짏쫐ꎬ뺭맽뛠쓪뗄랢햹틑돉캪맺쓚ퟮ듳뗄뗧맢풴웳튵ꎬ폐ꆰ훐맺뗆췵ꆱ횮닎뾼컄쿗ꎺ돆ꆣퟮ뷼?쓪훷펪튵컱쫕죫퓶뎤싊놣돖퓚ㄱꎥꎭ㈰ꎥ횮嬱崠佨汳ꎨ潮ㄹ㤵ꆰꎩ䕡牮楮杳Ⱐ䉯潫⁖慬略Ⱐ慮搠䑩癩摥湤猠楮⁅煵楴礠噡汵慴楯湳볤ꎬ뺻샻죳퓶뎤싊퓚?ꎥ틔짏ꎬ솬탸쓪쎿막쫕틦퓚〮䍯湴敭灯牡特⁁捣潵湴楮朠剥獥慲捨??풪틔짏ꎬ쫇튻볒튵벨컈뚨퓶뎤뗄릫쮾ꆣ嬲崠헅죋ꎬ쇵뫆ꎬ뫺쿾뇳?돤럖샻폃믡볆탅쾢뗄웳튵볛횵움맀쒣탍?닆뺭퇐뺿ꎬ㈰〲⠷⤮嬳崠쮹뗙럒?엥틲싼?닆컱놨뇭럖컶폫횤좯뚨볛?쇵솦?슽헽량?틫ꎺ훐맺닆헾뺭볃돶냦짧ꎬ㈰〲?嬴崠䅳睡瑨⁄慭潄慲慮?춶맀볛??냦?쇖잫?틫?쟥뮪듳톧돶냦짧ꎬ㈰〴?ꎨퟷ헟떥캻ꎺ훐즽듳톧맜샭톧풺ꎬ쓏뺩닆뺭듳톧ꎩ㈷
CONTENTSFocus on Appraisal ProfessionDifficult Position of Accounting in Valuation and Counter-Measure By Xu yude (5)Treatment of Accounting and Income Tax for Added Value in Valuation By Gu qiuping (9)Profession Building-upModel Analyses of CPV’s Professional Quality By Yu mingxuan,Yang qinyu (11Business ValuationAn Example of Accounting Firm Valuation in USA By Li xiuchun,Dai zhengying (15)The paper introduced an example of accounting firm valuation in USA. Discounted economic income method,asset accumulation method and guideline market transaction method were used respectively to valuing theparterner’s equity. Synthesizing the evaluation results from the three methods, arrived at the final opinionsof of the Discounted Income Method in Valuation of Power Enterprises By Wang wei,Xu shoucheng ( 20)The paper gave some viewpoints concerning with the Discounted Income Method for application in evalua-tion of power enterprises, such as appraisal parameters and some problems in Issues for Valuation of Long-term Share Investment By Xu xiangzhen,Yan shaobing (24)Application of the Residual Income Valuation Model By Song ping,Chen haifang (25)The residual income model is a math-physical model reflecting the inherent sharers value by the book valueof company equity and the present value of expected residual income, based on the comprehensive ac-counting information. It has advantages over the traditional discounted income model. Hence, it is a verypopular method in the . finance field, and has got good applications in practice. The paper in detaildescribes the model and gives application cases combined with the domestic listed Asset AppraisalValuation of Shareholders’ Equity in pricing of non-perform loan By Yang hong,Zhang weidong (34)
