What Does Accredit🍸ed in Business Valuation Mean?

Accredited in Business Valuation (ABV) is a professional designation awarded to a certified public accountant (CPA), who specializes in calculating businesses' value. The ABV certification is overseen by the American Institute of Certified Public Accounta🌠nts (AICPA). It requires candidates to complete an application process, pass an exam, meet the minimum business experience and education requirements, and pay a credential fee. As of 2021, the annual fee for the ABV Credential was $380.

Maintaining the ABV credential also requires those who hold the certification to meet minimum work experience standards and lifelong learning. Successful applicants earn the right to use the ABV designation with their names, improving job opp📖ortunities, profes🅺sional reputation, and pay.

How Accredited in Business Valuation Works

The Accredited in Business Valuation credential is awarded to CPAs who demonstrate considerable knowledge, skill, and business valuation experience. The study program to become an ABV covers the basic business valuation process, professional standards, 澳洲幸运5官方开奖结果体彩网:qualitative and 澳洲幸运5官方开奖结果体彩网:quantitative analysis✃, valuation analysis, and o🐼ther related topics, such as financial reporting and litigation.

Accredited in Business Valuation Requirements

Candidates must have a valid (and unrevoked) CPA license orꦉ certificate issued by the appropriate state authority. They must also pass the ABV Examination, with some exceptions. For example, this requirement is waived in the case of AM (Accredited Member of the ASA) and ASA (Accredited Senior Appraiseಌr) credential holders of the American Society of Appraisers, CFA (Certified Financial Actuary) holders, and CBV (Chartered Business Valuator) credential holders of the Canadian Institute of Chartered Business Valuators.

Every three years, ABV professionals must complete 60 hours ಌof continuing professional education. They must alsoܫ pay an annual fee of several hundred dollars.

Business Exp🌳erience and Education Requirements For Candidates

Business Experience

ABV candidates must have obtained a minimum of 150 hours of BV experience within the five years preceding the credential application d⛎ate. Candidates may also apply a maximum of 15 experience hours by completing the hands-on business valuation case study track at the AICPA Forensic and Valuation Services Conference.

Education Requirement

ABV candidates must complete 75 hour💛s of valuation-related continuing professional development (CPD). All hours must be obtained within the 5-year period preceding the date of the ABV application.

Accredited In Business Valuation Exam

The ABV Exam is conducted by💫 computer and consists of two parts. Both parts must be passed in 1🔥2 months (based on passing the first part) to receive ABV credit.

Applicants are given three hours and 15-minutes to complete each section of the test, including a 15-minute break. The exam consists of 90 multiple-choice questions per module, and much of the exam are discrete multiple-choice questions (78 in total). A dozen questions are case studies with accompanying multiple-choice answers. These questions are meant to test a candidate's analytical aptitude and apply valuation theory and methodology.