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CVA Training Centers
CFD Training Centers
Self-Study
Recertification
Education Team
CVA Training Centers
IACVA¡¯s five-day Business Valuation and Certification Training Centers (BVTC) are world renowned for being the most comprehensive and complete foundational training program teaching to the body of knowledge on how to value private business enterprises. Now being taught in thirty countries, the BVTC will prepare candidates to pass any business valuation (BV) certification exam offered in the industry as well as offered by IACVA¡ªthe Certified Valuation Analyst (CVA) designations. The CVA is internationally the most distinguished and widely recognized BV credential, known for the superb training and challenging examination process that leads to earning this prestigious credential.
More than 19,000 professionals have attended the Business Valuation Training Centers or parts thereof. Some of these attend simply for the knowledge and many to pursue the CVA designation. Most attendees rave that this is the finest training program they have ever attended, which in a great part, is attributable to the highly experienced and well-seasoned practitioner instructor team we have assembled. Overall instructor average scores, on a scale of one to five, exceed 4.5, making us the envy of every training organization. (More information on the Association and credentials is located in The Association brochure found online at www.IACVA.org).
Training Center Curriculum
Days 1 and 2
Business Valuations: Universal and Fundamental Applications
The cornerstone of IACVA¡¯s training; UFA is a rigorous two-day seminar on business valuation that provides the basis and framework for subsequent courses. Taken by over 19,000 valuators, UFA offers insights into every facet of valuation theory, with hands-on training taking you from the fundamentals of the valuation process through the advanced techniques in current use. This course covers it all. Many participants say it is better¡ªas a stand-alone course¡ªthan all their previous business valuation training combined. Here are some topics you¡¯ll cover:
¡ñ Constructing and analyzing economic/ normalized financial statements
¡ñ Performing a comparative analysis
¡ñ Selecting proper income
¡ñ Estimating future earnings
¡ñ Selecting and developing proper capitalization rates Distinguishing and converting pre-tax and
after-tax rates |
¡ñ Allocating components of value
¡ñ Selecting and applying the proper valuation method
¡ñ How and when to select marketability and minority discounts
¡ñ Preparing a business valuation
¡ñ Drafting a proper report |
A key component of the UFA course is its extensive coverage of one of the most difficult and challenging aspects of the valuation discipline¡ªCapitalization and Discount Rates. Offered the morning of Day 2, this course will teach you how to jump the hurdles in Caps and Discounts that can often cause valuators to stumble.
This intensive part of the course is excellent training for valuators of all levels of experience. Though many consider capitalization/discount rates an art, it is rapidly evolving into a science. This one-of-a-kind presentation will show you the range of options when approaching capitalization/ discount rates determination; including how and when each method should be applied.You will gain full comprehensions of the complexities surrounding capitalization/discount
rates, understand the issues related to empirical evidence (the existence of, or lack of, in determining the rate), and you will understand the strengths and weaknesses of the various approaches.
Day 3
Business Valuations: Applications and Calculations of Income and Asset Approaches
This fast-paced one-day seminar is the perfect follow-up to UFA because it builds on the applications of the income and the asset approaches and provides you the opportunity to perform numerous calculations using various methodologies for the income and assets approaches. You will come away from this seminar with an understanding of how and when to apply the income and asset approaches and how to perform the various calculations. Effective training comes from real life experience, the exchange of ideas, applying processes, and learning where to go for answers. The more an educator can employ these applications and calculations, the greater the impact you¡¯ll get from the training and the more you¡¯ll retain. Applications and Calculations of the Income and Asset Approaches ¡°hits the mark¡± by using group interaction and practical application to sharpen your skills, expand your field of knowledge, and provide you with a substantial foundation in business valuation practice.
To properly perform a business valuation you should consider the three approaches to determining value¡ªthe income, asset, and market approach. If you don¡¯t, you could fall short in your value determination and find yourself in violation of established industry standards. This training is imperative for a well-rounded education. Within the market approach two methodologies apply¡ªthe Completed Transaction Method and Guideline Public Comparable Method. In this seminar you will not only learn how to use market data to value your subject company using each methodology, but you will also learn how to locate and identify the best market comparables, calculate the appropriate adjustments to assure the best market fit, and determine which indicators of value make the most sense. Utilizing all the known sources for market data, this thorough study of the market approach to valuing companies will give you a solid foundation in valuation/appraisal theory, and provide the perfect complement to everything else you will learn during the week. Every valuator should have this training which will prepare you to take on any valuation challenge. It is important that the student is familiar with the ¡°Master Car¡± case and report, handed out earlier in the week, because it will serve as the basis for the discussion.
Day 4 and 5
Intangible Assets and Intellectual Property
This area of valuation is becoming rapidly the most sought of valuation services around the world. This knowledge and skills covering intangible assets and intellectual property has become the number one concern for financial reporting and company financing.
This two-day course will give you comprehensive understanding of intangibles valuation concepts; from identification of intangibles to the differences between intangibles assets and intellectual property. Valuation standards now play a very important part in almost every valuation, and standards the world-over cover not only what are intangible assets, but how to distinguish between the various types of recognized intangible assets, and those that have to be identified, but are not recorded for financial reporting. Here are some topics you will cover:
¡ñ How identifying intangibles leads to corporate transparency
¡ñ Professional standards ¨C IAS, FAS, IFRS, IVS
¡ñ Value drivers, identifying intangibles
¡ñ Legal aspects ¨C patents, copyrights, trademarks Categories and types of intangibles
¡ñ Common approaches to valuation, including types of value
¡ñ DCF for IA/IP
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¡ñ The Market Approach and the Cost Approach for IA/IP
¡ñ Discounts and Premiums
¡ñ Special applications for
¡ñ Brands
¡ñ Systems and software
¡ñ Business combinations
¡ñ Impairment testing |
Attendees will review a real case report for valuing a software program, going over the engagement from beginning to end.
CFD Training Centers
This intensive workshop trains the participants with the basic skills necessary to address fraud before it takes place. Students will learn to recognize common control deficiencies that allow fraud to occur, how to systematically find the opportunities to commit fraud in the business environment, and how to develop procedures to address those opportunities. Participants also will learn how to communicate their findings and recommendations that will improve internal controls
Training Course ¨C Four-Day Workshop¡¡¡
| Day One |
Day Three |
¡ñ Background and history of control guidance
¡ñ Professional standards and ethics
¡ñ Who commits fraud?
¡ñThree major categories of fraud
¡ñ The Fraud Triangle and breaking the triangle
¡ñ Fraud prevention
¡ñ Significant IT controls
¡ñ Risk Assessment
¡ñ Corporate Governance |
¡ñ Interviewing techniques
¡ñ Interview vs. interrogation
¡ñ Basic fraud detection techniques
¡ñ Special industry concerns
¡¡o Small business
¡¡o Governmental
¡¡o Not-for-profit
¡ñ IFRS vs GAAP |
| Day Two |
Day Four |
¡ñ The Fraud Deterrence Engagement
¡ñ Role of internal controls in prevention of fraud
¡ñ Forms of occupational fraud
¡ñ Fraud triangle and financial reporting
¡ñ Role of control activities within an organization
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¡ñ Common fraud schemes
¡ñ Professional responsibilities for internal control and fraud
(The topics below are modified for country and regional-specific issues)
¡ñ Reporting standards for fraud engagements
¡ñ Standards of evidence
¡ñ Testifying as an expert witness
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Self-Study
Self-study is a good choice for busy professionals. You can study on your own pace at a time convenient to you. Self-study is available in English and Chinese. Self-study may be taken in parts or as a package. The packaged price provides significant discount with first year membership fee and exam fees included. In general, you must finish the self-study within a 12 months period. Special extensions maybe granted according to individual circumstance. Additional fees may apply. Please contact IACVA headquarters: info@iacva.org or 001-206-623-3200 for details.
Recertification
Both CVA and CFD designees are required to obtain 36 hours of appropriate professional education in each three-year period, beginning with the first full calendar year after their designation was received. At a minimum, both CVAs and CFDs must obtain at least eight hours of continuing education each year. Evidence of compliance means attesting to which courses¡ªor parts of courses taken¡ªmeet the requirement. IACVA does not define specific courses as they will depend on local conditions. In general any course or conference with business valuation, litigation, appraisal, fraud, detection or deterrence, or forensic accounting in its title would clearly comply. There will be gray areas but members are expected to use their best judgment to determine compliance and the applicable hours to report. IACVA reserves the right to request more specific evidence to ensure actual compliance.
Education team
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