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1. Obtain or develop a cost-basis balance sheet 2. Determine which assets and liabilities on the cost-basis balance sheet require a revaluation adjustment 3. Identify off-balance sheet intangible assets or contingent liabilities that should be recognized and valued 4. Identify off-balance sheet or contingent liabilities that should be recognized and valued 5. Estimate the value of the various asset and liability accounts identified in steps 2 through 4 6. Construct a value-basic balance sheet, based on the indicated values concluded during step 1 through 5, and quantify the subject value All these above statements are the steps of: