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Chartered Business Valuator Program

Become indispensable in the world of finance and business

 

When today’s companies look to determine the market value of their business, they turn to a Chartered Business Valuator (CBV) for answers. Whether as part of a professional practice or within industry, CBVs combine technical knowledge with real-life practical experience to put forward respected real-world valuations of a business, its securities, or its assets. These professional business valuation services have become an indispensable tool in the business and finance world.

The Chartered Business Valuator (CBV) Program is administered by the Canadian Institute of Chartered Business Valuators (CICBV), is nationally recognised as the leading business valuation organisation in Canada, and is delivered online by the School of Continuing Studies at York. This comprehensive program of professional studies in Business and Securities Valuation is designed to assist you to meet the challenging dynamics of business valuation, litigation support and corporate finance.

The program has 4 core courses: introductory, intermediate, advanced business valuations, and special topics. These courses are combined with electives Litigation Support in Business Valuation, Corporate Finance, and Valuation for Financial Reporting.

The program is also rounded out by a practical experience component, details of which can be found on the CICBV website. Students with experience in valuations may qualify to accelerate their program and apply to write the Membership Qualification Examination (MQE). Qualified CBVs are employed in a wide variety of businesses, including valuation firms, venture capital/private equity/investment firms, accounting firms, and financial institutions.

Summary

  • Program designed to be completed over 3 years
  • Combines theoretical and practical experience
  • Part-time online format for flexibility
  • All 7 courses offered every semester

Enrolment Eligibility

You are eligible to apply for this program if you hold a degree from a post-secondary academic institution or university. This requirement will be waived if you hold a Canadian designation of Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), Certified General Accountant (CGA), Chartered Accountant (CA) or Chartered Professional Accountant (CPA).

You must also be able to confirm that you meet any of the following criteria:

  • Have experience in business or securities valuation services; OR
  • Are employed at a firm that offers business or securities valuation services; OR
  • Have experience in or are employed at a firm that offers accounting or financial services, such as corporate finance, financial or management accounting, financial analysis, auditing, litigation support, forensic accounting, financial management or investment management.

Courses

Core Courses

Level 1 – Introductory Business Valuation

Be introduced to business as an area of specialized practice including the role of the Business Valuator, valuation terminology and principles, professional standards and practice issues and earnings-based valuation methodologies.

Level 2 – Intermediate Business Valuation

Examine valuation issues and tax-related matters that can impact a valuation. A number of important tax considerations are inherent in most valuation assignments. As a result, the valuator must understand the fundamental principles of the Canadian tax system on a theoretical and practical level. An integral part of the valuator’s work is to know how the organization will be taxed, which is impacted by the type of ownership and the types of income the organization is earning.

Level 3 – Advanced Business Valuation

After completing the Introduction and Intermediate courses, you will have developed an understanding of valuation theory and methodology, and begun to apply that theory – and those skills – to practice cases. The purpose of this course is to elaborate on that foundational knowledge and to strengthen your awareness of business valuation theory. By the end of this course, you will have an understanding of more sophisticated valuations techniques, and the skills to apply those techniques to real life cases.

Level 4 – Special Topics in Business Valuation

By moving through the Introductory, Intermediate and Advanced valuations courses, you have developed your skills and knowledge in valuation theory and methodology. The purpose of this course is to extend your learning to a number of additional specialized topics, each of which significantly (and regularly) impacts CBVs in real-world practice. By gaining knowledge in these areas, you will be best prepared for the interesting and varied challenges that you will face when you practice as a CBV.

Elective Courses

Litigation Support in Business Valuation

Gain a solid foundation in litigation matters as they relate to the valuation of businesses and/or economic damages. From the engagement process to the valuation of losses in specific industries, this course will provide you with a comprehensive overview of issues in the field. At the end of this course, you will have a sound understanding of the ways that law and business valuation connect and interact, and be able to apply litigation knowledge to your engagements as a business valuator. The required reading for this course is included within the notes, but references to case law and other relevant documents provide opportunities for further learning.

Corporate Finance

When companies seek financing, they often turn to valuators to assist them in preparing financing proposals and in structuring financing deals. As a valuator, it is crucial for you to understand how to best serve your clients at these key business-developing stages. This course introduces you to the issues and techniques relevant to this area. The assignments found at the end of this course will provide you with an important opportunity to apply your newly acquired knowledge to realistic cases, while reinforcing your practical skills.

Valuation for Financial Reporting

Accounting and valuation standards for financial reporting are constantly changing and have become increasingly complex. This course builds on concepts covered in Level III – Advanced Business Valuation, which introduced valuation for financial reporting concepts as well as the valuation of intangible assets. IVFR continues and expands on this foundation with coverage of a number of the financial reporting-related standards and guidance in existence and used in practice, as well as some of the related valuation issues that can be encountered.

This course takes a public company perspective and focuses on the international financial reporting standards (“IFRS”) as all Canadian public companies are required to report under IFRS. Further, the accounting standards for private enterprises (“ASPE”) are predominantly similar to IFRS with respect to the valuation of intangibles and the impairment of goodwill and intangibles for financial reporting purposes.

Schedule

For a schedule of courses, see the Course Curriculum/Registration

For a list of important dates, see the Program Calendar

 

Registration

Registration for the CICBV Program takes place on the CICBV website. Please visit their Registration page and follow the steps outlined there.

Note that all program policies are managed by CICBV and hosted on their website. You can access and review them once you have created a profile on their website.

 

Policies

Withdrawals & Refunds

Students registered in a course offered by CICBV/York University may withdraw from the course.  A full refund is granted only when the CICBV cancels a course due to low enrolment.  Refunds will be issued using the original payment method..

Withdrawal requests must be submitted on the official Withdrawal form [insert form] to the York University Program Office and are subject to the terms listed below:

Withdrawals and Refunds
  1. Students only have 48 hours after they register for their course to request a refund.  After 48 hours no refund.  No exceptions.
  2. There will be a $50 admin fee withheld. (this is consistent with our current admin fee for courses)

Complementary Registrations

Requests for complementary registrations will be made directly to the York University Program Office.  Students will contact the Program Office if they are unable to write an exam (after the Opt out deadline).  Students must provide valid supporting documentation (examples: medical note from physician, death certificate due to a death in the family, supporting documentation that outlines the details of the emergency that occurred and resulted in the student not being able to write their examination.

Special Accommodations

Requests for special accommodation are made directly to CICBV Director of Education and Standards, Christine Sawchuk at Christine.sawchuk@cicbv.ca.

 

Further Information

Many common questions are answered in the CICBV FAQs and on the CICBV Program of Studies page.

For further information, please contact us at cicbv@yorku.ca or on +1 416.736.5130.