BUSINESS APPRAISAL 2 You (the learner) appraise the property. Mr Smith is a contractor of construction. Recently 35 employees are working for him. Mr Smith owns 03 road rollers, 01 overhead cranes, 03 excavators and 02 concrete plants. Mr Smith wants to sell his business. As an appraising agent, you have been given a job to confirm client's requirements and instructions for business appraisal and discuss agency requirements and the process of business appraisal. Obtain agreement to process with the appraisal process. Analyse required documents, reports and financial data of the business. Analyse current market data and verify its accuracy and reliability. Select a suitable business appraisal methodology. Formulate an appraisal report incorporating the details and history of the business, current market trends, details of the methodology selected and the appraisal outcomes. Submit this report for the assessment Use this template to record details of the process. Learner Name Agency name Date Nature of business Number of employees Business Appraisal methodology Market trends Industry benchmarks for appraisal Accounting technique used for appraisal Were any of the following undertaken? (If so provide details) Did you confirm the client's requirements and instructions? Did you confirm the status and ownership of the business? Did you obtain an agreement for business appraisal? Did you access the documents required for appraisal? Signing agency documents Communication with stakeholdersBUSINESS APPRAISAL 3 You (the learner) appraise the property. Ms Jones is an Internet Service Provider (ISP) in Springvale. She owns 500 modems, 350 routers and 500 meters long wire. She has about ten employees working for her. Ms Jones wants to sell her business. As an appraising agent, you have been given a job to confirm client's requirements and instructions for business appraisal and discuss agency requirements and the process of business appraisal. Obtain agreement to process with the appraisal process. Analyse required documents, reports and financial data of the business. Analyse current market data and verify its accuracy and reliability. Select a suitable business appraisal methodology. Formulate an appraisal report incorporating the details and history of the business, current market trends, details of the methodology selected and the appraisal outcomes. Submit this report for the assessment. Use this template to record details of the process. Learner Name Agency name Date Nature of business Number of employees Business Appraisal methodology Market trends Industry benchmarks for appraisal Accounting technique used for appraisal Were any of the following undertaken? (If so, provide details) Did you confirm the client's requirements and instructions? Did you confirm the status and ownership of the business? Did you obtain an agreement for business appraisal? Did you access the documents required for appraisal? Signing agency documents Communication with stakeholders Record keeping of all the documents