A Training Manual is a proprietary document containing the procedures and processes for accomplishing tasks, the essence of which is to train people on standardising ways of doing things as well as improve performance. Training Manuals guide in the delivery of training to ensure uniformity in achieving the desired goals. In business valuation analysis, Training Manuals qualify as intangible assets because they can be recognised, accurately measured, and have intrinsic value to the owner. Intangible assets are a class of assets without physical form which can generate significant value to the owners. In determining the fair market value of training manuals, business valuation analysts apply techniques under income, market and asset methods.