A good read on VALUATIONS
In any professional practice one often deals with real and probable assets, advantages and rights. These accrue to a client as a result of not only a professionals’ actions, but often intentions and presence.
Professionals and Clients on their own and together try to assess the cost and value of things they deal with. Professionals have to operate within certain limits. These limits aremonetary requirements and non-monetary obligations such as the laws, social confirmation and professional ethics.
Monetary requirements are largely defined by the costing of the action or involvement. The professional, however, would go beyond the costing process and justify the professionalism by Valuation. In functional sense the value shows how much professionalism has helped a client gain something beyond the nominal cost of acquisition. Whereas, a Client wants to know, if the intervention of a professional, translates into an advantage.
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