Certified Valuation Analyst (CVA®)
IMC-Jordan in association with The Institute for Financial Analysts (IFA) Lebanon is now offering the Certified Valuation Analyst (CVA®) Training in Jordan
The International Association of Consultants, Valuers and Analysts (IACVA) trains and certifies Certified Valuation Analyst (CVA) to perform business valuations as a service to both the consulting community and the users of their services. Through training and rigorous testing, CVAs demonstrate they are qualified to provide capable and professionally executed valuation services.
CVA QUALIFICATIONS
- Have a college degree and hold an unrevoked and valid license issued by the legally constituted state or country authority to practice public accounting. The Certified Public Accountant (CPA), Chartered Accountant (CA), and Chartered Public Accountant (CPA) designations are currently recognized by IACVA and known throughout the international community. There may be other qualified country-specific accounting designations, and we ask that applicants submit to us background information on such designations along with their Application for Certification (which is separate from the Membership Application). Those who do not meet the above prerequisite requirement can qualify if they:
- hold a business degree (i.e., management, economics, finance, marketing, accounting, or other business field), MBA (Masters in Business Administration), CFA, CIIA,CEFA designation (be a current charterholder) or higher business degree from an accredited university, and can demonstrate with business references or attestations from previous employers and/or partners substantial experience in business valuation.
For this purpose, "substantial" means:
- Two years or more full-time or equivalent experience in business valuation and related disciplines (such as merger and acquisition work, securities analyst for a major brokerage concern, economic loss analysis, etc.). or
- Having performed ten or more business valuations in which the applicant's role was significant enough to be referenced in the valuation report or a signatory on the report; or
- Being able to demonstrate substantial knowledge of business valuation concepts, having published works on the subject, completed graduate work in the field, or obtained accreditation from another recognized business valuation accrediting organization.
- Be a member in good standing with IACVA;
- Complete a 35 training program and course of study as prescribed by the Association.
- Submit three personal and three business references;
- Pass a comprehensive two-part examination.
- Part I is a five-hour proctored exam that consists of multiple choice and essay questions designed to test participants on concepts taught during the six-day program and in the recommended reading materials. It is taken in your community, using an independent exam proctor located near you. It must be taken within 180 days after completing the training. If the proctored portion of the exam is not completed within the 180-day time period, latefees will apply.
- Part II is a take-home/in-office exam using a standardized case study (provided by IACVA) that requires performing a complete business valuation. Part II of the exam takes 30–50 hours to complete. If the case study is not completed within the 180-day time period, late fees will apply.
To hold an active CVA designation, individuals must maintain current membership with IACVA. CVAs who allow their membership to lapse will lose their certification and must reapply to become certified if they later choose to reinstate their membership.
The CVA Training Requirements consists of a six-day training program that will show the range of options when approaching the valuation process, including how and when the various methodologies should be applied. In this training we will comprehend the complexities surrounding the process, understand the issues related to empirical evidence, or the lack thereof, and the strengths and weaknesses of the various approaches.
The curriculum provides the framework upon which future professional development can be built. It offers insight into every facet of valuation theory, taking the trainee from the fundamentals of the valuation process through the advanced techniques in current use.
Some topics covered include
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constructing and analyzing economic/normalized financial statements,
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performing a comparative analysis,
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comparing IAS and U.S. GAAP standards,
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selecting proper income,
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estimating future earnings,
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distinguishing and converting pre-tax and after-tax rates,
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allocating components of value,
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selecting and applying the proper valuation method,
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how and when to select the proper valuation method,
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how and when to select marketability and minority discounts, and
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preparing a business valuation.
An important component of this seminar is coverage of one of the more challenging aspects of the valuation process—the development of capitalization and discount rates in a global environment.
This part of the course will show you how to avoid common pitfalls in determining these rates. In addition, a case study in which all these concepts will be applied is covered during this seminar and valuation of intangible assets will also be covered.
IFA’s knowledgeable and highly qualified faculty, are specialists in their fields.
They have had extensive teaching experience or are active investment professionals. They have consistently demonstrated an ability to convey complex material in an informative and effective manner and have all earned Ph.D., CVA® designation or CFA® charter.
