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		Live and Online Schedule
	What You Will Cover		Pricing and CPE

Complete and Comprehensive Training on How to Value Private Business Enterprises

The Business Valuation Certification and Training Center (BVTC) is offered via live-classroom instruction in cities throughout the U.S. and internationally, and is also available through live/online webcasts and self-study.

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:

Business valuation methodologies, approaches, and case studies
Professional standards and ethics
Specialty areas of valuation practice

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.

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 CVA Designation is Accredited by the National Commission for Certifying Agencies® (NCCA®)

NACVA’s Certified Valuation Analyst (CVA) designation is the only valuation credential accredited by the National Commission for Certifying Agencies (NCCA), the accreditation body of the Institute for Credentialing Excellence™ (ICE™). The Institute for Credentialing Excellence’s mission is to promote excellence in competency assessment for practitioners in all occupations and professions. 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 all locations on the Saturday morning following the training.

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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

Business Valuation Certification and Training Center Faculty

To register, select the date and location you would like to attend and click the "Register Online Now" button for our online event registration. Contact Member/Client Services at (800) 677-2009 for questions or registration assistance.

Six-Day Live Classroom Schedule
				Early Registration Discounts and Deadlines
	Dates	Location		10%	5%
	January 27–February 1, 2020	Salt Lake City, UT		11/30/2019	12/31/2019
	June 15–20, 2020	Philadelphia, PA	Call Member/Client Services at (800) 677-2009 for Registration	4/30/2020	5/31/2020
	August 24–29, 2020	Chicago, IL	Call Member/Client Services at (800) 677-2009 for Registration	6/30/2020	7/31/2020
	October 5–10, 2020	Salt Lake City, UT	Call Member/Client Services at (800) 677-2009 for Registration	7/31/2020	8/30/2020
	October 26–31, 2020	New Orleans, LA	Call Member/Client Services at (800) 677-2009 for Registration	8/31/2020	9/30/2020
	November 16–21, 2020	San Diego, CA	Call Member/Client Services at (800) 677-2009 for Registration	9/30/2020	10/31/2020
	December 7–12, 2020	Ft. Lauderdale, FL	Call Member/Client Services at (800) 677-2009 for Registration	10/31/2020	11/30/2020
	January 25–30, 2021	Salt Lake City, UT	Call Member/Client Services at (800) 677-2009 for Registration	11/30/2020	12/31/2020


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.


Five-Day Live Online Webcast Schedule
				Early Registration Discounts and Deadlines
	Dates	Time		10%	5%
	March 23–27, 2020	Monday–Friday, 10:00 a.m.–7:30 p.m. ET	Call Member/Client Services at (800) 677-2009 for Registration	1/31/2020	2/29/2020
	May 4–8, 2020	Monday–Friday, 10:00 a.m.–7:30 p.m. ET		2/29/2020	3/31/2020
	July 13–17, 2020	Monday–Friday, 10:00 a.m.–7:30 p.m. ET	Call Member/Client Services at (800) 677-2009 for Registration	5/31/2020	6/30/2020
	July 27–31, 2020	Monday–Friday, 10:00 a.m.–7:30 p.m. ET	Call Member/Client Services at (800) 677-2009 for Registration	5/31/2020	6/30/2020
	August 10–14, 2020	Monday–Friday, 10:00 a.m.–7:30 p.m. ET	Call Member/Client Services at (800) 677-2009 for Registration	6/30/2020	7/31/2020
	September 21–25, 2020	Monday–Friday, 10:00 a.m.–7:30 p.m. ET	Call Member/Client Services at (800) 677-2009 for Registration	7/31/2020	8/31/2020
	November 9–13, 2020	Monday–Friday, 10:00 a.m.–7:30 p.m. ET	Call Member/Client Services at (800) 677-2009 for Registration	9/30/2020	10/31/2020
	March 22–26, 2021	Monday–Friday, 10:00 a.m.–7:30 p.m. ET	Call Member/Client Services at (800) 677-2009 for Registration	1/31/2021	2/28/2021
	May 3–7, 2021	Monday–Friday, 10:00 a.m.–7:30 p.m. ET	Call Member/Client Services at (800) 677-2009 for Registration	2/28/2021	3/31/2021

Dates and locations subject to change.

This course is Monday through Friday, 8:00 a.m.–5:30 p.m.;
The exam on Saturday 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.

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)
Live Classroom or Webcast Option Package:	$3,895
Optional Add-On: BVTC Recorded Videos On-Demand (Not available for purchase separately from a live BVTC registration package.)	$400

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—Live Classroom or Live Online Webcast

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

Earn an additional two hours of CPE with attendance at the optional study groups on Tuesday and Thursday evenings. For more information regarding CPE, Program Levels, and Fields of Study, please click here.

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