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See what you can verify or calculate using 24iValue!

This system works in a way an accounting or tax expert does, and together with you it will solve the problems. With its assistance you will be able to quickly calculate deferred tax and corporation tax, provisions for liabilities, impairment charges, financial leasing entries, and generate cash flow.

Valuation and market value

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You want to make an approximate valuation of your business and for this purpose apply various business valuation methods

You have a trademark (brand, logo), patent, technology or other intangible asset and you want to quickly check their market value

You want to quickly check a value of a commercial real estate (commercial premises, leased warehouse or office)

You need to value shares or bonds of a company but you do not know how to check it yourself

You are looking for an easy-to-use Present Value Calculator
Buy access to the system
Service description24iValue acts like an expert whose aim is to get the market value of assets such as real estate, brands, patents, know-how and to value shares, bonds or estimate an enterprise value using different valuation methods.

This expert system will guide you by the hand through the entire process of valuation. Thanks to the built-in hints you will find out what data needs to be taken into account to obtain a reliable result. You will do it in line with the practices followed by the specialists in this field.

Thanks to 24iValue you will quickly find out the market value of the relevant assets. You will calculate it yourself, saving a lot of time and money.

This module will come in handy when you need to quickly value a revenue-generating group of assets, trademark, technology, etc. and you do not have enough time, money or simply the will to outsource it to external consultants.

 One of the key pieces of information about a company is its fair market value. But how to value a company…? Unfortunately, you can only determine this value precisely if the company is listed on the stock exchange.

There are, however, some business valuation methods that might be useful when determining the approximate value of a business. One of such methods is the valuation through market comparison and the application of multiples. In this method the market value of an enterprise is the product of a given market multiple and the corresponding financial ratio of the company such as for instance net profit, sales revenues, equity, or total assets in the balance sheet.

Valuation of financial instruments

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You need (quickly) to value financial instruments

You need to value a loan or a debt financial instrument  using the amortized cost method

You do not often calculate the IRR or not often calculate present value but need a quick assistance

You want to quickly value forward contracts but have no knowledge in this field

The fair value has already been calculated but you have none who could quickly check these calculations
Buy access to the system
Service description24iValue acts like an expert who has to value financial instruments for balance-sheet purposes. It will guide you by the hand through the entire process of valuation and thanks to that - even if you do not know what the IRR discount rate, fair value (e.g. forward contracts) or the amortised cost is - you can still perform the valuation you need yourself. You will do it in line with the current accounting standards (IAS 39).

Thanks to 24iValue you will easily calculate the balance-sheet value of financial instruments and save much more than a few hours of work.

This module will come in handy when you need to quickly determine the amortised cost for borrowing, loan, bonds, etc. Moreover, you can easily calculate IRR and then calculate present value. It will also be useful when you need to quickly and easily value forward contracts or commodity futures.

We, as accountants often assume that it is not possible for the difference between the traditional valuation of a loan or borrowing (principal and accrued but unpaid interest) and the amortised cost measurement to be significant and some deny its existence altogether.

Unfortunately, this approach is doomed to produce an error. The difference between valuations exists because the amortised cost measurement is based on discounting and takes into account the time value of money and also evenly spreads the costs of commissions and interest through the entire loan term. For example, a great difference occurs when the commission is paid upon receipt of loan or when the interest on the fixed interest rate loan is paid as a one-off payment at the end of the loan term.

Deferred Tax & Corporate Tax

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24iValue imitates the process of thinking and the actions a conventional expert uses to calculate deferred income tax and corporate income tax liability.

The system is much more than an online accounting guide, a tax liability calculator or a taxable income calculator as it will guide you step by step through the entire calculation process, in order to easily and correctly calculate taxes (deferred tax and UK corporation tax) even without extensive knowledge in this field.

This support is also very useful when you are familiar with a tax and just want to independently ascertain the correctness of the declared corporation tax liability.

Please note that at the moment the module Deferred Tax and Corporation Tax is dedicated only to the UK companies.

Using 24iValue as a corporate tax calculator, you will minimize the risk of errors in your corporation tax and deferred tax calculation. The easy way to verify a tax liability will help you to calculate the amount of current income tax even a few times faster than traditionally. 

This service will be very helpful when you do not know how to calculate deferred tax, because you do not do it often.

It will also help when you need to quickly calculate corporation taxes, but do not have much tax knowledge or you have already calculated it but do not have anyone who can check your calculation before you declare the amount to the tax office.

The system provides you with a conclusion document check of your calculation, which shows that you have kept due diligence when calculating the corporate taxes.

You will easily understand why calculation of deferred tax is necessary, if you treat corporation tax as a cost and you will follow the principle of matching of costs and revenues.

Income tax is a cost for companies and in theory, it should be equal to tax rate times the gross profit, but in practice it is computed on the taxable profit and therefore it is necessary to calculate deferred taxes in order to adhere to the income-cost matching principle.

Statement of Cash Flows

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You do not know how to prepare cash flow statement (under IAS) or you are looking for a tool being more than just a cash flow template

There is an error in the cash flows but using your standard tools you are not able to identify its reason

You have a problem with recognizing non-standard transactions in a cash flow statement
Buy access to the system
Service description24iValue imitates the process of thinking and the actions a conventional expert uses to prepare a cash flow statement. The system will guide you step by step through the process of creating this compilation, so that a cash flow statement can be prepared well even if you have no knowledge in this field and without using any complex cash flow sheet.

This support is also very useful when you know how to prepare cash flow statements and just want to independently verify your calculations. This is of great assistance if you are responsible for annual financial statements which include a statement of cash flows.

With 24iValue, you can save many hours of hard work and easily produce even a complex cash flow statement and export it to your financial statements.

The system will help you if you do not know how to prepare a cash flow statement, or if you see an error in the cash flow, but can not find its source.

Using this module you can handle calculating cash flow if you do not know how to present non-recurring transactions in your cash flow statement template. You no longer need sample cash flow statements to see how to present them.

In addition, the system will generate the cash flow statement according to IFRS. Our cash flow statement format meets the general requirements of IAS 7.

In order to prepare correctly a cash flow statement, most often you need no other information than that of which is available in the other elements of financial statements.

Indirect cash flow method is based on the balance sheet changes and it is essential to decompose those changes into the single components that become cash inflows and outflows.

Testing of Impairment of Fixed Assets

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You have to determine in a short time if there are any impairment indicators to ensure whether a detailed impairment tests are required

You do not know how to perform an impairment test and what information you need to do it

You wish to determine a reliable amount of fixed assets allowance or intangible assets impairment charge

You are in charge of accounting of fixed assets looking for a tool enabling to perform multiple impairment tests of tangible assets in a short time
Buy access to the system
Service description24iValue imitates the process of thinking and the actions a conventional expert implements to perform a test for the impairment of fixed assets.

The system will guide you step by step through the process of impairment testing, so that even if you know very little about this difficult issue you will be able to easily analyze the impairment indicators and calculate the write-downs of fixed assets. This can be achieved  in accordance with the applicable accounting standards (IAS 36).

With 24iValue, you will easily perform impairment testing of non-current assets on your own and save a lot of time and hard work.

This module will be extremely helpful when you need to quickly check whether there is any indication of impairment of fixed assets or have to calculate the impairment charge for non-current assets, especially if you do not know how to determine the appropriate discount rate and free cash flows required to test for impairment.


Often an assumption is made that it is impossible for fixed assets to be impaired and therefore no relevant analysis of the impairment indicators is performed, despite such analysis shall be performed at least once a year.

If at least one internal or external impairment indicator exists, a detailed impairment test is required to calculate how much a fixed asset value should be decreased, if any.

Accounting for Finance Leases

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You want to correctly classify a lease contract (finance lease versus operating lease)

You do not know how to discount leasing instalments and how to calculate the current present value of leasing liabilities

You want to calculate the internal rate of return (IRR) for a leasing contract
Buy access to the system
Service description24iValue imitates the process of thinking and the actions a conventional expert implements to enter the finance lease agreements in the books.The system will guide you step by step through the process of analysis and calculations, so that even if you know little about this rather difficult subject you can easily determine whether an arrangement is an operating lease or an finance one, and can calculate the initial value of the leased asset or determine the present value of lease liabilities for any balance sheet date.

Our system also allows you to make calculations for leases denominated in foreign currencies and to calculate interest rates appropriate to discount the lease payments (e.g. Internal Rate of Return - IRR).

Using 24iValue you minimise the risk of error in book recognition of financial leasing. The embedded help and clarification as well as the clear method to calculate the amounts related to financial leasing will help you save much time doing the task.

This module is indispensable when you do not know how to discount the lease payments and determine the present value of lease obligations.

This easy-to-use finance lease calculator will guide you through all the necessary calculations, including calculation of the internal rate of return (IRR) needed to discount the lease payments.

Leasing contracts continue to be major accounting problem. Due to the time required to perform the task, we often skip analysis of leasing contracts and we treat the contracts in accordance with the form and not the content.

Financial leasing is a method to finance purchases of fixed assets. Essentially, it is not much different from having the purchase of the fixed asset financed with a loan.

Provision for Liabilities

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You have a dilemma if you should set up a liability provision or do not know how and when to disclose a contingent liability

You want to quickly calculate holiday pay provision or warranty cost accrual

You have calculated a provision for leaves or provision for warranty claims but there is no one to check your calculations

You want to quickly ascertain whether provision recognition criteria have been met.
Buy access to the system
Service description24iValue imitates the process of thinking and the actions a conventional audit-accounting expert implements to calculate provisions for liabilities, including warranty repairs provision or provision for employee benefits.

The system will guide you step by step through the process of the necessary analysis and calculations, so that even if you know very little  about these difficult estimates you can independently determine whether the recognition criteria for provisions have been met or can calculate the provisions for warranty repair costs, the provision for unused holiday leave or actuarial provisions for retirement bonuses.

Using 24iValue you will quickly check or calculate holiday accrual or see what amount of warranty provision should be recorded. You can save a lot of time and you will need just a small amount of information.

This service is very useful when you want to very quickly and independently calculate the provision for retirement bonus, provision for holiday allowance or provision for warranty repairs.

This module will also help if you figured out provision but you have no one to check your calculation.

You will also quickly assess if any of the provision recognition criteria has been met and if you should recognise a provision or disclose a contingent liability.

There are three key recognition criteria that determine a liability provision:
(1) an entity has a present obligation as a result of a past event
(2) an outflow of resources to settle the obligation is probable
(3) a reliable estimate can be made of the amount of the obligation.

The three above criteria support the definition of a provision. If the three provision recognition criteria are not met at the same time, reconsider making the liability provision.

Provision for Inventories

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You do not know how to calculate provision for slow moving inventory.

You wish to check if the policy of calculation of reserve for slow moving inventory is reasonable

You need to calculate a inventory provision in a very short time.

You have to compute provision for obsolete inventory and you have not much more than a stock ageing report

You wish to check if your computation of inventory provision does not contain material errors
Buy access to the system
Service description24iValue imitates the process of thinking and the actions a conventional audit-accounting expert implements to calculate a slow moving inventory provision (write-down). The system will guide you step by step through the process of calculation, so that inventory allowance can be estimated reasonably even if you have no knowledge in this field.

24iValue is based on proven audit methods of calculation of provision for slow moving inventory. You will quickly calculate reserve for slow moving inventory and you can save a lot of time, as you will not need too much information.

This module is very helpful when you do not know how to calculate a slow-moving stock provision, especially if you have a limited amount of information and need something for quickly and reliably calculating this type of allowance.

Also use this module to check the reasonableness of charges already established, especially when you can not count on a quick and independent review of your calculations by someone else.

To calculate provision for obsolete inventory there are usually different percentage levels of inventory provision assigned to different groups of inventories; however, very often no analysis is performed to confirm that the levels are reasonable.

Testing the historical accuracy of the inventory provision levels will help to avoid material mistakes in the slow moving inventory accounting.

Provision for Doubtful Debts

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You wish to check if the policy of recognizing provision for doubtful debts is reasonable

You need to calculate an allowance for bad and doubtful debts very quickly

You have to compute doubtful debts provision and you have not much more than a debtors ageing report

You wish to check if your computation of allowance for doubtful accounts does not contain material errors
Buy access to the system
Service description24iValue imitates the process of thinking and the actions a conventional audit-accounting expert implements to calculate bad and doubtful debt provisions. The system will guide you step by step through the process of calculation, so that debtors provision can be estimated reasonably even without knowledge in this field.

24iValue is based on proven audit methods of calculation of provision for doubtful debts. You will quickly calculate the provision for bad debtors and you can save a lot of time, as you will need just a small amount of information.

Using this module is recommended if you do not know how to determine the provision for doubtful accounts, especially when you have a limited amount of information, and need a tool that will quickly and reliably calculate it.

24iValue can also be used as a tool for checking the reasonableness of already established bad and doubtful debts allowance, especially when you cannot find someone ales to  independently review your calculation of the necessary write-down.

Often an assumption is made that no problem exists with current debtors accounts while no collection history is analysed to prove that. Provision for bad and doubtful debts (allowance for bad and doubtful debts) should also cover debtors that are not overdue as most probably at least part of them will become uncollectible in the future.

Only an adequate analysis can help to calculate doubtful debts provision on such kind of potentially bad debtors.

Publication date: 2018-09-26 13:33:31
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