Points for Experience

Designees who demonstrate with business references or attestations having qualifying experience during their three-year Reporting Cycle will receive 25 points towards fulfilling their requirements. Qualifying experience is defined as 1500 hours in a three-year cycle in related projects or assignments involving, but not limited to, any or all of the following types of activities in items “A” or “B” below:

A. Engagements/Projects/Assignments that are designed to arrive, or in part help to arrive, at a determination of value for an entity, an interest therein, an investment instrument, a benefit stream, or that are designed to help improve the value of a business enterprise.  Specific activities that fall within the scope of this type of qualifying experience include various tasks required in the performance of such engagements/projects/assignments as: defining objectives; planning procedures; applying analytical applications; conducting re-search and interpreting findings; formulating the foundation for conclusions; organizing and documenting results; and communicating the results and conclusions of such engagement/project/assignment; or

B. Work/Services/Tasks performed as an employee, independent contractor, graduate student or owner/operator of a business enterprise, that are fundamental to one or more of the many processes/ steps characteristic to the valuation of an entity or interest therein, or of an investment interest or benefit stream.  Specific activities that fall within the scope of this type of qualifying experience include various functions required in the performance of such work/services/tasks as: preparing financial forecasts for the purpose of strategically evaluating and planning a course of action; conducting economic research and analysis to assess opportunities, strategic alternatives and initiatives, competitive and economic risks; analyzing company and competitor financial statements identifying strengths, weaknesses, and competitive risks; performing analytical procedures to evaluate the risk and worthiness of an investment; studying investment characteristics to ascertain risk, sensitivity and alternatives; constructing economic financial statements adjusting various data recorded in historical financial statements to the current economic reality and appropriateness; evaluating industry transaction data to determine its appropriateness and fit to a subject company; designing analytical processes to test assumptions in models and forecasts to ascertain reliability and applicability to a specific application; and determining the cost of capital for evaluating an investment decision.

The total number of points one can obtain from this category is 25. A determination, which is non-contestable, will be made and communicated within 30 days indicating the number of points, if any, to be awarded.