爱尔兰论文代写价值评估

| 20-4月-2013 | 英国留学常识

爱尔兰论文代写

Valuation has been considered to be the most challenging part in the field of finance. However, its relative importance cannot be undermined as it is the building block of the vast field of financial management. The valuation processes are concerned with the determination of the intrinsic or the actual value of an asset security in present day terms by discounting the potential returns and cash flows from the security which are expected to be received at different time periods in the future. Thus it can be ascertained that the process of valuation is a highly subjective one and can generate invariably large range of estimates of the intrinsic value of the security. This entire process is a forward looking process and hence caution has to be exercised while determining the values of the inputs applied in the valuation models as the errors in the entry of inputs translate into faulty valuation estimates. The validity of the valuation model is directly contingent to the accuracy of the inputs which have been used in the model. The underlying idea behind various valuation models is to identify the future cash flow and return generating capacity of the asset security (for example, stocks provide returns in the form of dividend payments and capital appreciation) and compute the present value in today’s terms so as to estimate its intrinsic value. A robust process of valuation is one that incorporates the concept of time value of money also in the process (Ross, Westerfield & Jaffe, 2010).

爱尔兰论文代写

价值评估是金融领域中最具挑战性的部分。然而,其相对重要性不能被破坏,它是财务管理的广阔领域的建筑块。评估过程的关注与内在的或是一个资产安全的当前贴现的潜在收益和现金流量预计将在未来不同时期获得安全的实际值的测定。因此可以确定,评估的过程是非常主观的,可以产生安全性的内在价值的估计总是大范围。这整个过程是一个向前看的过程,因此谨慎行使而确定的输入施加在估值模型作为输入项误差转化为故障评估的估计值。该评估模型的有效性是直接取决于所采用的模型的输入的准确性。各种估价模型背后的基本想法是确定未来现金流和资产证券的收益产生能力(例如,股票提供的股息和资本增值的形式返回)和计算现值在今天的条件,估计其内在价值。一个强大的评估过程是一个结合了货币的时间价值的概念也在这个过程中(罗斯,韦斯特和Jaffe,2010)。

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