PRC Appraiser study plan

Map the exam syllabus for Domains 1 and 2 into a one-page topic checklist, marking every item you can already explain without notes

Define the three approaches to value (cost, market, income) and write the standard formula chain for each from memory

Explain the legal and regulatory framework governing asset valuation in the PRC, including the role of the Asset Appraisal Law and professional standards

Compute simple present value and future value problems by hand to rebuild time-value-of-money fluency

List the core assumptions, premises of value, and value types used in PRC valuation reports and distinguish each from the others

Work through cost-approach mechanics for machinery: replacement cost, physical depreciation, functional obsolescence, and economic obsolescence

Apply the market approach to equipment using comparable transaction data and adjustment factors

Explain the income approach for real property using direct capitalization and discounted cash flow, and identify when each is preferred

Solve at least 15 numerical practice problems on depreciation and capitalization without reference material

Draft a comparison of when each valuation approach is required, permitted, or inappropriate under PRC standards

Build a step-by-step procedure for valuing real property, including site inspection, highest and best use analysis, and reconciliation

Explain the valuation of construction in progress and land use rights, including the treatment of remaining lease term

Identify the categories of intangible assets and the conditions for recognizing them separately in a valuation

Describe the three methods for valuing intangibles (cost, market, income) and the specific pitfalls of each

Compute a relief-from-royalty valuation for a hypothetical trademark using stated assumptions

Explain enterprise value versus equity value and the adjustments that bridge the two

Describe the income approach to enterprise value, including free cash flow forecasting, WACC construction, and terminal value

Apply the market approach to enterprise value using comparable company and comparable transaction multiples

Compute WACC from given component inputs and test it against sensitivity ranges

Solve 10 financial-management problems covering capital budgeting, leverage, and cost of capital

Review other-asset valuation categories: financial instruments, mining rights, forestry, and going-concern adjustments

Summarize the PRC legal framework relevant to valuation: contract law, company law, and property law provisions

Explain the treatment of contingent liabilities, minority interests, and control premiums in enterprise valuation

Solve 12 mixed practice questions spanning Domain 3 and Domain 4

Identify and note the five Domain 3 and Domain 4 topics you are least confident about

Build a chart of accounts structure and the core financial statements, explaining how each statement links to the others

Apply revenue recognition, inventory measurement, and fixed-asset depreciation rules to short scenarios

Explain consolidation principles and the treatment of long-term equity investments

Work through 10 accounting computation problems on depreciation, inventory, and profit determination

List the differences between PRC accounting standards and international standards that affect valuation inputs

Re-read your weak-topic list from Weeks 1-6 and close at least half of the gaps with targeted review

Write out the full structure of a compliant valuation report and the professional ethics obligations of an appraiser

Integrate accounting and financial-management knowledge into enterprise valuation questions

Complete a 60-question timed mock exam under exam conditions

Review the error log from Week 7 and re-solve every missed question correctly without notes

Complete a second full-length timed mock exam covering all five domains

Recite the formula sheet and approach-selection rules from memory in under 20 minutes

Consolidate a final one-page summary of the 20 highest-risk facts across all domains