Towards selected problems valuing assets with an emphasis on business valuation[K vybraným problémům oceňování majetku s důrazem na oceňování podniku]

The article analyses several problematic elements of valuation, which are currently significantly discussed and it proposes some recommendations to them. First of all, it is not possible to require that an expert opinion on the valuation is correct and at the same time unique. It is possible only create national valuation standards, put emphasis on ethics of experts and on compliance with the general principles for the testimonials. Secondly, it is necessary to classify the market value in an international concept to the Czech legislation. It is not appropriate to create various variations of the market value and the common price. Third, the article suggests some options how to apply the principle of highest and best use in assessment of a market value of business. Fourth, the authors analyze the system of value bases used in valuation for squeeze-outs and suggest ways for application of the equitable value for these purposes. Fifth, the article analyzes the main errors and recommendations when using the asset-based valuation of the company.