You (the learner) appraise the property. Mr Smith is the owner of a shop that supplies spare parts for automobiles. Mr Smith is immigrating to some other country and wants to sell his business before moving. As an appraising agent, you have been given a job to confirm the clients requirements and instructions for business appraisal and discuss agency requirements and the business appraisal process. 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 clients 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
Analysis of market trends
Provide details of the methodology adopted for business appraisal
Conclusion/Out comings of the appraisal
What recommendations would you make to your organisation to ensure future compliance and ethical operation?
Recommendations:
Your name		Date
Your Signature
Observer/supervisor name		Date
Observer/supervisor Signature