Financial Analytics: Science and Experience

Analytical possibilities of modern information systems in implementation of income approach to business valuation

Vol. 11, Iss. 1, FEBRUARY 2018

Received: 30 October 2017

Received in revised form: 1 December 2017

Accepted: 4 December 2017

Available online: 1 March 2018


JEL Classification: 

Pages: 43–61

Bogatyrev S.Yu. Financial University under Government of Russian Federation, Moscow, Russian Federation

ORCID id: not available

Importance The article studies the new software and information tools for cost analysis, provided by modern information systems.
Objectives The article aims to estimate the value of an organization through the income approach method.
Methods For the study, I used the cash flow discounting method from the income approach perspective.
Results The article demonstrates the positive qualities of analytical tools of information systems. It reveals restrictions and frontier conditions of application of modern information means by financial analysts.
Conclusions and Relevance Financial analysts have new opportunities to use modern information systems. The results of the research can be used in calculation practices and analytical work by financial analysts, business value appraisers and Russian organizations for financial reporting purposes.

Keywords: profit approach, cash flow discounting, discount rate, cash flow, information system

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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Vol. 11, Iss. 3
September 2018