«The Principle of the Most Efficient Use» and Accounting for Business Risks under Crisis

Abstract

The article deals with questions of how practically to meet requirements of newly adopted Russian Federal valuation standards as regards the principle of the most efficient use of assessed object and how at the same time to follow recommendations of the relevant international standards in what concerns the necessity to rely in defining the market value only on information to which any potential buyer can get access. It is shown how correspondent forecasts of companies’ cash flows can be accomplished not only under the above mentioned requirements but also when business risks grow in times of a crisis.

Keywords:

the most efficient use of the valued objects, method of scenarios in forecasting the company’s cash flows, business risks, crisis