The IVS 2011 Framework

The IVS2011Framework includes Generally Accepted Valuation Concepts, Principles and Definitions on which the Standards are based and covers the following broad headings:

• Valuation and Judgement

• Independence and Objectivity

• Competence

• Price

• Cost

• Value

• The Market

• Market Activity

• Market Participants

• Entity Specific Factors

• Aggregation

• Basis of Value

• Market Value

• Transaction Costs

• Investment Value

• Fair Value

• Special Value

• Synergistic Value

• Assumptions

• Forced Sales

• Valuation Approaches

• Market approach

• Income Approach

• Cost Approach

• Methods of Application

• Valuation Inputs