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IFPUG Accredited in Business Valuation (ABV) Sample Questions:
1. The Uniform
Standards of Professional Appraisal Practice (USPAP) Ethics Rule is divided into which four sections?
A) planning, management, testing and record keeping
B) planning, reconciliation, confidentiality and record keeping
C) conduct, management, confidentiality and record keeping
D) conduct, management, examining and record keeping
2. Which approach is based on the
estimation of the
economic benefits that the non- controlling ownership interest holder expects to realize over the expected holding period of the subject investment, discounted at an appropriate rate of return?
A) direct comparison approach
B) bottom-up approach
C) market-derived data approach
D) discount approach
3. To present data in conformance with Generally Accepted Accounting Principles (GAAP)
and any industry accounting principles to eliminate nonrecurring items is called:
A) Enterprise Adjustments
B) Inventory Accounting
C) Perspective Accounting
D) Normalizing Adjustments
4. The process of is the analysis of the alternative valuation indications in order to arrive at a final value estimate.
A) Reassessment
B) Revaluation
C) Renegotiation
D) Reconciliation
5. Which method was originally created for the purpose of valuing the intangible value of a business, not for the purpose of valuing the company as a whole?
A) Excess earnings Method
B) Capitalized Earning Method
C) Normalized economic earnings Method
D) Revenue Ruling Method
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |






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