This course is an introduction to the income approach to value. It is assumed that the student has completed iiBV 101. The purpose of this course is to bring together the concepts and tools of iiBV 101 with the new material of the income approach. After completion of the course, the student will have been introduced to all three approaches to value. This course will also introduce some new concepts necessary to address the correlation and conclusion of value. The objective of iiBV 102 is to enable students to master the fundamental theory and practice underlying the income approach to value. This basic body of valuation knowledge is common to all countries. After understanding the fundamentals of the income approach students should be capable of adapting the theory to the challenges and issues in specific markets and countries.