With years of experience helping companies with various financial matters our experts are contacted frequently for their opinions and advice. Sometimes we simply are a "sounding board," often times helping with extensive financial analysis or research.
Every company and every individual valuation assignment is unique, presenting its own set of facts, challenges, and demands.
The Appraisal Associates provides independent valuation analysis and other financial consulting services utilizing generally accepted methodology to produce well reasoned and supportable results.
By its nature, the appraisal is partly the science, partly the art, but well done appraisal always is the best combination of both.
A sound valuation should be based on systematic approaches to fact gathering and research. Accepted valuation methodology should be applied to the facts to develop a defensible analysis. A well documented valuation report should include information about the company and the subject business interest, the company's financial condition and earning capacity, and the industry in which it operates. But, the process goes much further.
Experience and insight, in addition to an in-depth understanding of valuation methodology, are necessary to reach the correct result. Recognizing and properly weighing the underlying components of value, taking into account all the issues at hand, are important elements of the art of valuation.
The Best Combination
The associates of the firm are a combination of current and former professors of economics and finance, as well as technology experts such as professors of civil engineering, electronic or mechanic technology. This active association with the academic community enables the members and associates of the firm to not only be familiar with the latest developments in their respective fields but also to draw on their own personal associations with leading authorities to assist clients with the latest methodologies. Indeed, the firm's philosophy is to serve as a bridge between the pragmatic research work taking place in the academic community and the application of this work to the corporate and legal worlds.
The Appraisal Associates’s principals are designated as Accredited Senior Appraisers (ASA) by the American Society of Appraisers. Our professional experience includes business valuations, fixed assets appraisal, corporate finance, financial consulting and strategic accounting. We have presented at various venues, including local association meetings and international valuation conferences, and have published numerous articles on valuation.
What is the appraisal process?
- The appraisal process is an orderly and concise method of reaching an estimate of value. The process has six major steps which include:
definition of the problem,
- preliminary survey and appraisal plan,
- data collection and analysis,
- application of the three approaches to value,
- reconciliations of value indications,
- final estimate of defined value.
This process assists the appraiser in reaching a sound conclusion. The major phase of this process involves the application of the three approaches to value which include the Market Data Approach, the Cost Approach and Income Approach. The three approaches are reconciled and the value via most applicable approach, in the opinion of the appraiser, is selected as the final estimate of value.