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CVA Certification Path
- Victoriously express that the applicant satisfies the NACVA experience threshold by completing a unit case study or presenting a real and disinfected fair market value (FMV) assessment address (as defined by decision) 59-60) prepared in the last 12 months for peer review (see alternative experience)
- Take a full five-hour multiple-choice exam.
- Have a minimum of comparable GS-12 score (exceptions will be considered at the written request of a supervisor certifying the qualifications and skills of the candidate to achieve certification)
- Send three personal and three commercial references
- Participate in a five-day “optional” training program;
- Have the combined equivalent of two years of full-time business valuation (BV) experience. The BV experience requirements must be approved by the applicant's immediate supervisor or the government-funded BV committee
- Currently engaged by a national or state government agency
- Have a four-year university degree, that is, at least a bachelor's degree, a bachelor's degree or a similar diploma
Reference: http://www.nacva.com/content.asp?contentid=145
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NACVA CVA Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Valuation Approaches and Methods | - Income approach (DCF, capitalization of earnings) - Asset-based approach (adjusted net asset method) - Market approach (guideline public company, precedent transactions) |
| Valuation Reporting | - Business valuation report writing - Documentation and support for valuation conclusions |
| Valuation Adjustments | - Discounts and premiums (DLOM, control premiums) - Normalization adjustments |
| Professional Standards and Ethics | - Ethical valuation practices - NACVA professional standards compliance |
| Valuation Fundamentals | - Time value of money and financial mathematics - Economic and industry analysis - Financial statement analysis |







