Asset Accumulation Method is one of the business valuation methods under the asset approach. Under this business valuation method, valuators adjust the assets and liabilities of the business to determine an estimate of the fair market value. Included in the adjusted assets and liabilities are intangible assets, contingent liabilities and off-balance-sheet items such as guarantees, pensions, environmental compliance obligations, strategic contracts, and pending legal judgements. Revaluation of fixed assets at fair market value also informs the adjustments. Once the assets and liabilities have been fully reviewed, adjusted and the balance sheet restated, the difference between the sum total of the adjusted asset value and adjusted liability value provides an estimate of the fair market value of the business. The asset accumulation method is also referred to as the Adjusted Net Asset Value (ANAV) Method.