Business Valuation Certification and Training Center

Consultants' Training Institute
Co-Sponsored by the National Association of Certified Valuators and Analysts® (NACVA®)

	Program Description		Who Should Attend
	How You Will Benefit		Schedule
	What You Will Cover		Pricing and CPE

Complete and Comprehensive Training on How to Value Private Business Enterprises

Can you confidently advise your clients if they came to you faced with these issues?

An opportunity arises to sell or merge the business
They are faced with transitioning the business to family members or other partners
They are looking to expand the business and need to secure capital
They are taking on new partners and need to determine buy-in price
They are reaching retirement and considering an exit strategy
Business partners or shareholders are exiting, requiring the business to be divided or dissolved
They are embroiled in financial litigation
They want to focus energies to grow company value

The training teaches to the Core Body of Knowledge for the Certified Valuation Analyst (CVA) designation.
Understanding and applying the generally accepted business valuation methodologies and approaches and adhering to professional standards that govern the business valuation profession, will put you in a stronger position to better serve your clients.

Taught by seasoned business valuation experts, the training delivers the most comprehensive and complete foundational training, teaching to the international body of knowledge on how to value private business enterprises, and prepares attendees to pass any business valuation certification exam offered in the profession.

Certified Valuation Analyst® (CVA®)—Determine, Defend, and Maximize Company Value®
Learn More About the Pathway to Earning the Most Widely Recognized Business Valuation Credential

The Valuation Credentialing Board (VCB) does not require, accredit, approve, endorse, or recommend any education or training programs and/or products designed or intended to prepare candidates for CVA certification. The VCB has no involvement in the development or delivery of such programs or products.

NACVA's Certified Valuation Analyst® (CVA®) credential is the only business valuation credential accredited by the National Commission for Certifying Agencies® (NCCA®) and the American National Standards Institute® (ANSI®). This prestigious recognition differentiates CVA credential holders as having met the most stringent standards in the industry.

How You Will Benefit

After completing this course, attendees will be able to:

Identify the fundamental steps to valuing a business, from beginning to end
Identify an appropriate valuation method within the valuation approaches based on the specific purpose and standard of value for a given valuation assignment
Determine the most appropriate financial analysis of a subject company as it relates to a specific valuation engagement
Identify the foundations of the business valuation analysis process as well as the value drivers that support a subject company’s value
Recognize the differences in the various standards of value for businesses and the nuances of their application in a business valuation engagement

What You Will Cover
Days 1 and 2: Business Valuations—Fundamentals, Techniques & Theory (FT&T)

Structure the elements of a valuation engagement from financial and operational analysis through to a conclusion of value
Analyze financial and operational information for a business entity as it relates to a valuation engagement
Differentiate the methods found in the three approaches to valuation—Asset, Income, and Market, and determine when it is appropriate to use each approach
Identify methods and data sources for developing discount and capitalization rates
Determine appropriate adjustments (i.e., premiums and discounts) to be applied to an indicated value
Employ professional standards for the development and reporting of a valuation/calculation engagement

Day 3: Business Valuations—Applications and Calculations of the Income and Asset Approaches

Determine a value using the Adjusted Net Asset Method under the Asset Approach
Determine when it is appropriate to use a Capitalization of Single-Period Earnings Method vs. Discounted Future Earnings Method under the Income Approach
Identify appropriate normalization adjustments to apply to a business entity’s balance sheet and income statement
Calculate a normalized benefit stream under the Income Approach

Day 4: The Market Approach—Exploring the Pricing Component

Recognize the theory behind the Market Approach including its rationale, standards of value, main methods, and governing principles.
Identify the key challenges in the application of the Market Approach and explain the current best practices used by valuation practitioners in overcoming and/or minimizing these challenges.
Determine when the use of the Completed Transaction Method and/or Guideline Public Company Method is appropriate under the Market Approach.
Identify the steps in selecting guideline companies and completed transactions relevant to the Subject Company.
Describe the most commonly used valuation multiples, their corresponding drivers, and applicability depending on what level of value is being sought.
Explain the process of adjusting valuation multiples to account for differences in size, growth, and business risk.

Day 5 A.M.: Valuation in Action—Case Studies: Applying the Principles and Techniques

Identify the key challenges, requirements, and nuances in conducting a valuation analysis for various special purposes.
Identify the steps in the analysis and valuation of a company in a typical valuation engagement.
Apply the three main valuation approaches—Assets, Income, and Market in a live case.
Describe the key sections of a valuation report and how to connect the narrative to the quantitative analysis.
Explain the process of reconciling the different indications of value in the valuation analysis.

Day 5 P.M.: Exam Preparation—CVA Proctored Exam and Peer Reviewed Business Valuation Report (Case Study)

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Day 6: CVA Proctored Exam

The online five-hour proctored exam is given at the Live Classroom locations on the Saturday morning following the training. The exam for the Live Online Webcast will be scheduled at a testing center in your area or an exam proctor in your area.

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Credentialing Resources
To support candidate’s successful completion for both requirements for CVA credentialing, the following resources are included with registration fee.

Essentials of Business Valuations
CVA Exam Q&A Study Guide
Online CVA Case Study Report Writing Clinic
Case Study Research Package
60-Day Trial Subscriptions to KeyValueData, BVM Pro, and BVRW, Including Technical Support, and Duff & Phelps Cost of Capital Navigator: U.S. Cost of Capital Module (Basic)

View more information on the Credentialing Resources available

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Who Should Attend

CPAs and financial consultants who wish to specialize in a non-seasonal consulting niche; employees of companies whose business plan includes growth/change via acquisitions and/ or divestitures; and anyone else who deals with business value in the course of his or her work.

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Live Classroom and Live Online Webcast Package Includes:

Five Days of Training: Theory and Practice
CVA Certification Exam (live or proctored)
First-year NACVA Practitioner Membership
Exam Q&A Study Guide (including domestic shipping)
Report Writing Clinic
Case Study Research Package
Data and Software Trial Subscriptions
Essentials of Business Valuations Webinar

To register, select the date you would like to attend and click the "Register Online Now" button for our online registration. Contact Member/Client Services at (800) 677-2009 for questions or registration assistance, or fill out the form below to be contacted by a Member/Client Services representative.

Five-Day Virtual Schedule
			Early Registration Discounts and Deadlines
Dates	Time		10%	5%
October 25–29, 2021	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET		8/31/2021	9/30/2021
November 15–19, 2021	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET		9/30/2021	10/31/2021
December 13–17, 2021	In-Person Ft. Lauderdale, FL 8:00 a.m.–5:30 p.m. ET		10/31/2021	11/30/2021
2022 Schedule
January 24–28, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	11/30/2021	12/31/2021
February 14–18, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	12/31/2021	1/31/2022
March 21–25, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	1/31/2022	2/28/2022
April 25–29, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	2/28/2022	3/31/2022
May 16–20, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	3/31/2022	4/30/2022
June 6–10, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	4/30/2022	5/31/2022
July 25–29, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	5/31/2022	6/30/2022
August 22–26, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	6/30/2022	7/31/2022
September 19–23, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	7/31/2022	8/31/2022
October 24–28, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	8/31/2022	9/30/2022
November 14–18, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	9/30/2022	10/31/2022
December 12–16, 2022	Monday–Friday, 10:00 a.m.– 6:40 p.m. ET	Contact Member/Client Services at (800) 677-2009 for registration.	10/31/2022	11/30/2022


Self-Study Course Package
	CPE: 40 Hrs	Price: $2,975 (Includes Course Materials with CPE, Essentials of Business Valuation Webinar with CPE, Online CVA Case Study Report Writing Clinic with CPE, BVTC Recorded Training Videos On-Demand, CVA Certification Exam, First-year NACVA Practitioner Membership, and Exam Q&A Study Guide [including domestic shipping]) Purchase the BVTC Self-Study Course Package here.

Dates and locations subject to change.

The In-Person program is Monday through Friday, 8:00 a.m.–5:30 p.m.
The exam for the In-Person events is held on Saturday and starts at 8:00 a.m. Please allow 5 ½ hours for completion depending on transition time in-between questions which does not count towards the total time allowed of five hours.

The Virtual Credentialing Programis Monday through Friday, 10:00 a.m.–6:40 p.m. ET.

Due to the current pandemic situation, CVA examination procedures have been altered accordingly. The exam for the Virtual Credentialing Programwill be scheduled at a testing center in your area or an exam proctor in your area.

This course is paperless. Attendees will be provided a link to course material that will be used during the course, so attendees will need a laptop with Internet access. The CTI will provide electric power and Internet access, but will not provide laptops. Attendees are encouraged to bring their own mobile wireless modem or hotspot device.

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Certified Valuation Analyst® (CVA®)
Practitioner-led how-to-do-it training and supporting resources to help you achieve the CVA credential—plus a 35% savings off the retail cost:

BVTC Package Features, Pricing, and Discounts

Five-day Training (45 Hrs CPE)	$3,250
Essentials of Business Valuations Webinar (10 Hrs CPE)	$720
CVA Certification Exam	$625
CVA Exam Q&A Study Guide (including domestic shipping)	$260
Online CVA Case Study Report Writing Clinic (7 Hrs CPE)	$650
First-year NACVA Membership	$535
Total Retail Cost	$6,040
Package Price Discount (Before Early Registration Discount)	($2,145)
In-Person or Virtual Credentialing Program Package:	$3,895
Optional Add-On: BVTC Recorded Videos On-Demand (Not available for purchase separately from a live BVTC registration package.)	$400

Student Registration Package
45 Hours CPE + Certified Valuation Analyst (CVA) Exam + First year NACVA Student Membership	$999
NEW—Students enrolled full-time at an accredited college or university who also hold a business degree in management, economics, finance, marketing, accounting, or other business fields and/or a masters of business administration (MBA) or higher business degree from an accredited college or university may qualify for the CVA and attend the CVA body of knowledge training.

Ultimate Membership—Earn your CVA and obtain unlimited CPE with an Ultimate Training and Membership Subscription. Includes unlimited training, membership dues, and recertification fees. $335 per month. Click here for details.

CPE Hours—In-Person or Virtual

Delivery Method	Group-Live or Group Internet-Based
Program Level	Intermediate
Advanced Preparation	There will be some advanced preparation work with this course.
Prerequisites	Attendees should possess a good understanding of accounting, taxes, economics, finance, and a basic understanding of business valuation fundamentals.
Fields of Study	Accounting	10
	Business Law	2
	Business Management & Organization	5
	Economics	4
	Finance	10
	Management Services	8
	Taxes	6
Total CPE Hours		45

For additional NASBA sponsorship information, including refund, complaint, and/or program cancelation policies, please click here.

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