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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.
Most of us are not valuation specialists and thus calculating the market value of assets (using for instance net present value), is considered a difficult task to undertake without the assistance of an expert.
The amount of information to take into account in such a valuation and usually a scarce knowledge of the possible methods of market valuation increase the risk of an asset being under or overvalued.
The Valuation and Market Value
Module has been designed for the persons who for their own needs must
face the task of valuation even though they are not experts in this
field and they have no time for training.
The system uses, among others, income-approach methods, discounted cash flow methods, a Present Value Calculator,
and a set of market multiples. We do not have to understand them
because the built-in tips guide the user through the steps of valuation
suggesting what to enter and where to get the data from, leading
straight to the result.
The business valuation, valuation of brand, bonds or commercial real estate, and calculating a net present value, become achievable even for a layman in this field.
The
24 hour availability of the service allows us to perform various
calculations whenever needed and at the same time we can save plenty of
time and money.
Valuation and market value
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).
Financial instruments and their valuation for
balance-sheet purposes prove a very difficult task for most of us. The
amount of information to take into account and usually scarce knowledge
of cash flow discounting increase the risk of errors.
The Financial Instruments
module has been developed for persons who need to face the task of
valuation even though they have no time for training and show a lack of
practice in this field.
Thanks to the hints, the fair value or the amortised cost
method and its application for the valuation of borrowings, loans,
bonds, bills, etc. is a piece of cake even for someone with little
knowledge in this matter and even … for someone who hears about the
existence of the IRR for the first time and can hardly calculate present value.
If we want to value forward contracts, this system will not let us get lost while determining their fair value.
You do not need an advanced financial calculator or multiple
calculation sheets to do it. It is clear to see where to enter what in
order to obtain a reliable result.
The 24 hour availability of
the service allows us to perform various calculations whenever needed
and at the same time we can save plenty of time and money.
Valuation of financial instruments
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.
I am an auditor and a business owner. In addition, as I keep my
accounting books myself, I am familiar with the practical problems
related to corporation tax calculation and payment of the right amount
of tax liability. There are many differences between the balance sheet
and the tax approach, which makes the risk of making errors high. That
is why I think income tax is a very complex accounting area.
That is additionally troublesome with the frequency of making the
calculation - even every month, while there are other accounting duties,
aren't there. The problems of calculating taxable profit and the
required precision impact the time required for the task; however, even
then we are not sure that our corporate tax calculation is correct.
The fear if we have managed to calculate our corporation tax correctly
keeps us awake at night. At the end of day who is responsible for
errors To mitigate the risk, we have to hire external consultants,
which is costly.
24iValue UK tax calculator has been designed primarily for those of
us whose income tax calculation is not verified by anybody else and who
are interested in mitigating the risk. Advanced knowledge is not
required. Tips and questions that are displayed during the calculation
of corporation tax with 24iValue lead users through the process with
ease.
With 24iValue, you can verify on your own and independently what you
have prepared. We will reduce the risk errors that will recur when we
check calculation of corporation tax in a traditional way. As a matter
of fact, we need no more information than we have in our books.
With 24iValue, you can save an entire days work in a moment. That is
a lot of time. The availability of the service 24 hours a day provides
support around the clock and throughout the full year. When we have
verified the corporation tax and printed the result and conclusion on
its correctness from the 24iValue tax calculator, we can explicitly
prove the due diligence exercised in income tax calculation.
Deferred Tax & Corporate Tax
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.
I have been auditing financial statements for years and I keep finding
that preparing a statement of cash flow is a difficult task. The
abundance of information to be incorporated and doubts related to
classifying events to appropriate cash flow groups increase the risk of
error in the cash flow statement.
We prepare a statement of cash flows once a year and that is why it is
hard to make friends with it.
It takes a lot of time and there is no assurance that it will be made
correctly even though we use a cash flow template. Frequently, we have
to consult specialists, which is expensive.
Even a small difference in cash flows may result from a very large
difference in one direction at the time of another large difference in
an opposite direction. Control must be maintained on each working
calculation and the signs of the input amounts. There will always be a
specific transaction that may come as a surprise to the earlier tested
ways in measuring cash flows. It is easy to make a mistake when trying
to prepare a cash flow statement, particularly when you don?t know how
to prepare a cash flow statement.
The cash flow statement indirect method tool incorporated within 24iValue has been developed for people who do not prepare cash flow
statements every day. With the tips built in this web-based service, a
statement of cash flows can be made even by persons who do not have much
experience in accounting.
With 24iValue, you will not get lost when trying to calculate cash
flows. At each stage of input, the consistency and logic of the input
data is auto-verified. In practice, that excludes occurrence of a
mistaken incompliance between the balance sheet change of cash and the
net cash flows.
24iValue helps you recognise many types of infrequent events that are
difficult to classify correctly without additional training or studying
cash flow samples. Since the service is available round the clock, you
can use the cash flow statement as an indirect method tool whenever you
need it. Additionally, as the results of the calculation can be
exported, you can import a finished cash flow statement to your
financial report.
Statement of Cash Flows
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).
Testing of impairment of fixed assets and other non-current assets are
one of the most complicated tasks faced by accountants or auditors. The
process requires advanced knowledge. We have to know how to calculate
free cash flow forecasts, determine discount rates, market valuation.
Perhaps this is the main reason why an assumption is often made that no
impairment of assets has occurred and we do no nothing to confirm that
we even fail to perform a relevant analysis of the impairment
indicators; however, that may often result in material errors in the
valuation of non-current assets.
Without support from specialists with advanced knowledge, correct
performance of an entire impairment test seems unfeasible and without
good knowledge of financial mathematics, it will most likely generate
errors. What happens if an impairment test becomes necessary? Anyway, at
a minimum of at least once a year we have to perform an analysis of
impairment indicators.
If an impairment risk of fixed assets occurs, it takes a lot of time to
identify the appropriate discounting rate and additional time is
required to calculate projected free cash flows. Another challenge is to
split the impairment charge into various groups of fixed assets or
intangibles. In practice, an error may happen in each stage.
We have developed 24iValue for persons who have no idea how to
perform an impairment test. With our services, even persons who for the
first time tries to make a non-current asset impairment test will
perform it in accordance with the requirements.
With 24iValue, in order to perform an impairment test for intangible
or tangible assets you do not have to study the intricacies of financial
mathematics and management accounting or market valuation. You will be
provided with sufficient support, clarification and tips that will be
displayed when the impairment test is performed in the module.
We do not need any advanced financial calculator, numerous spreadsheets
or lots of computing. Now we have everything in one place. With 24iValue, you can do an impairment test on your own.
Testing of Impairment of Fixed Assets
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).
Recognition of financial lase contracts in the books is not an easy
task. A decision if the leasing is financial or operational one is a
piece of cake when compared to what has to be done afterwards. This
requires knowledge about the internal rate of return and discounting of
leasing instalments. If the rules are unknown, errors may occur in the
recognition of leasing.
It is very difficult to determine the
initial value of the leased assets and of the liability unless we use
advanced spread sheets. The question is if we understand how the spread
sheets work and when all of that comes from? There is much
information that we have to take into account like e.g. the repayment
schedule of the leasing instalments. This is very difficult and time
consuming.
We have developed 24iValue also for such persons
who do not have enough time to make calculations related to financial
leasing. With our service, even people who have never performed such
calculations, will perform then in a short time and accurately. 24iValue does not work like a spread sheet for financial leasing we
have seen before. What is required now is input of a few pieces of
information in a special online form. We know what to insert and where
to get the information from as there are prompts which are displayed
when the calculations are performed.
Finally, we get a
specification of the present value of the lease liabilities, the book
value of the leased assets, depreciation amount, amounts of interest and
leasing instalments. The final specification of such amounts can be
used for posting a financial lease to the general ledger.
Accounting for Finance Leases
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.
A reliable assessment of liability provisions is a difficult task often
facing accountants. It requires much experience, taking into account the
specific nature of the company and the events that take place in the
company. Often advanced estimation methods need to be applied as well as
probability theory or cash flow discounting.
When making estimates, often you may find yourself at a dead end.
Thinking up complex ways to determine the amount of provisions for
liabilities may take lots of time.
Often, the desired effect can be achieved with much simpler methods - tested in practice by others.
If we do not account for the specific features of the company and events
that take place, the liability provision will be inadequate to future
developments. Skipping the aspect of probability may result in material
errors.
The 24iValue provision module is an answer to all those who are
looking for a simple and fast method to make a reliable provision
estimate, e.g. to check or calculate holiday accrual or see the amount
of warranty provision.
24iValue has led us by the hand, prompting available solutions. As a
result, estimation of provisions becomes very easy and not too time
consuming.
On the basis of very little information, 24iValue helps estimate
provisions that are adequate to what is going in the company. Instead of
looking for advanced estimation and extrapolation methods, you can use
the intuitive and fast methods to estimate selected provisions that are
embedded in the system. 24iValue will save time of you and also of
other people in the company who are involved in the process of
collecting information necessary to estimate liability provisions.
Provision for Liabilities
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.
The determination of rules to recognise the provisions for doubtful
debts or inventory provisions so that they reflect the reality and
specific features of a company is a major challenge.
How can we determine the appropriate percentages of a provision for
bad and doubtful debts or of a provision for slow moving inventory and
how can we verify the applied accounting policies?
Incorrect policies of recognising a provision for slow moving inventory
or doubtful debtors may distort the financial result. If we do not
tailor the accounting policies to the company and actual events that
take place, the provisions and allowances will likely be inadequate to
future developments.
If we have no idea how to verify, if, the approved policies of
recognising provision for doubtful debts or inventory provision are
adequate, we often do not challenge the accuracy of the policies at all,
which however, is a major error. On the other hand, we may look for
various ways to verify the provisions; however, that may cost lots of
time and would not guarantee that the assessment of the applied policy
is correct.
The desired effect can be achieved by using easier methods, tested
practically by others. With 24iValue, everybody can learn how to
check the computation of allowance for doubtful accounts or calculation
of a provision for a slow moving inventory applying methods used by
auditors. The testing of provisions for debtors and slow moving
inventory provisions becomes affordable and easy. 24iValue supports
those persons who have no idea how to reliably assess these provisions.
We save lots of time. We do not need advanced methods to assess the
provisions. Finally, we do not have to guess what the reasonable amount
should be.
With 24iValue, time is saved not only by the person who assesses the
provisions but also by the staff who prepare the information that is
required for the calculation of an inventory provision or the
computation of an allowance for doubtful accounts. The savings are made
possible with little information required by 24iValue to determine
reasonable charges. Finally, there is a tool supporting independent
verification of the bad debts and an inventory provisioning policy
applied in your company. The provisions are not unrealistic, as the 24iValue tool combines verification with past events in the company.
Provision for Inventories
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.
The determination of rules to recognise the provisions for doubtful
debts or inventory provisions so that they reflect the reality and
specific features of a company is a major challenge.
How can we determine the appropriate percentages of a provision for
bad and doubtful debts or of a provision for slow moving inventory and
how can we verify the applied accounting policies?
Incorrect policies of recognising a provision for slow moving inventory
or doubtful debtors may distort the financial result. If we do not
tailor the accounting policies to the company and actual events that
take place, the provisions and allowances will likely be inadequate to
future developments.
If we have no idea how to verify, if, the approved policies of
recognising provision for doubtful debts or inventory provision are
adequate, we often do not challenge the accuracy of the policies at all,
which however, is a major error. On the other hand, we may look for
various ways to verify the provisions; however, that may cost lots of
time and would not guarantee that the assessment of the applied policy
is correct.
The desired effect can be achieved by using easier methods, tested
practically by others. With 24iValue, everybody can learn how to
check the computation of allowance for doubtful accounts or calculation
of a provision for a slow moving inventory applying methods used by
auditors. The testing of provisions for debtors and slow moving
inventory provisions becomes affordable and easy. 24iValue supports
those persons who have no idea how to reliably assess these provisions.
We save lots of time. We do not need advanced methods to assess the
provisions. Finally, we do not have to guess what the reasonable amount
should be.
With 24iValue, time is saved not only by the person who assesses the
provisions but also by the staff who prepare the information that is
required for the calculation of an inventory provision or the
computation of an allowance for doubtful accounts. The savings are made
possible with little information required by 24iValue to determine
reasonable charges. Finally, there is a tool supporting independent
verification of the bad debts and an inventory provisioning policy
applied in your company. The provisions are not unrealistic, as the 24iValue tool combines verification with past events in the company.
Provision for Doubtful Debts
