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The Australian Institute of Valuers and Land Economists discounted cash flow practice standard

The Australian Institute of Valuers and Land Economists discounted cash flow practice standard The Australian Institute of Valuers and Land Economists Incorporated introduced a mandatory discounted cash flow practice standard on 1 September 1996. Reviews the new standard, highlighting the strengths and weaknesses. Offers early constructive commentary for the refinement of the standard at its 12‐month review. As no such mandatory “practice standard” has yet emerged from the US Appraisal Institute or the UK Royal Institution of Chartered Surveyors, it is reasonable to assume that these bodies as well as their membership will view the Australian initiative with interest. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Valuation and Investment Emerald Publishing

The Australian Institute of Valuers and Land Economists discounted cash flow practice standard

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Publisher
Emerald Publishing
Copyright
Copyright © 1997 MCB UP Ltd. All rights reserved.
ISSN
0960-2712
DOI
10.1108/14635789710163810
Publisher site
See Article on Publisher Site

Abstract

The Australian Institute of Valuers and Land Economists Incorporated introduced a mandatory discounted cash flow practice standard on 1 September 1996. Reviews the new standard, highlighting the strengths and weaknesses. Offers early constructive commentary for the refinement of the standard at its 12‐month review. As no such mandatory “practice standard” has yet emerged from the US Appraisal Institute or the UK Royal Institution of Chartered Surveyors, it is reasonable to assume that these bodies as well as their membership will view the Australian initiative with interest.

Journal

Journal of Property Valuation and InvestmentEmerald Publishing

Published: Mar 1, 1997

Keywords: Australia; Discounted cash flow; Standards; Valuation

References