NASBA Field of Study
1 Hour and 15 minutes
(1) understand when to apply the asset-based approach in a business valuation assignment,
(2) distinguish between the asset-based approach to business valuation and the cost approach to property valuation,
(3) analyze the conclusions of the asset-based approach with regard to (a) level of value concluded, (b) premise of value concluded, (c) income tax liability concluded, and (d) amount of goodwill concluded.
Basic knowledge of, or general experience in, forensic accounting, business valuation, or litigation