The Valuation of Buildings involves the applications of analytical tools to determine the fair market value of land and buildings. The Valuation of Buildings is normally performed by professionals with requisite training, certifications, and credentials. In business valuation analysis, the valuation of buildings is an important input in the normalisation of the statement of financial position (balance sheet). The International Accounting Standards (IAS) 16 requires firms which have adopted the revaluation model for their fixed assets to revalue landed properties annually to determine their fair market value for financial reporting. The output of the valuation of buildings at fair market value enables business valuators to adjust the values in the balance sheet, which together with the adjustment of other items, can result in the fair market value of the business via the Net Asset Valuation (NAV) method to conclude on the Adjusted Book Value.