RESTON, Va., Sept. 12, 2014 /PRNewswire/ — The American Society of Appraisers (ASA) announces the re-launch of the Business Valuation Challenge Exam (Challenge Exam) for accreditation.
One of the requirements for advancement to Accredited Member (AM) and Accredited Senior Appraiser (ASA) is completion of four 27-hour Principles of Valuation (POV) courses including a three-hour exam at the conclusion of each. The Business Valuation Committee and the Board of Examiners of ASA recognize that there are many experienced business valuation professionals that already have mastered the competencies taught in the POV courses.
The Challenge Exam is geared toward those professionals who have more than 10,000 hours (5 years) of business valuation engagement experience and who stay abreast of the ever-changing landscape of the profession and is intended to test a wealth of knowledge based on the topics covered in the POV courses. The POV courses are:
- BV201: Introduction to Business Valuation & the Market Approach;
- BV202: The Income Approach;
- BV203: The Asset Approach, Reconciliation of Values, Valuation Discounts and Premiums, Report Writing; and
- BV204: Advanced Topics-Pass Through Entities, Intangible Assets, Complex Capital Structures, Debt and Preferred Stock.
With 260 total questions, the exam is administered in two 4-hour modules to be taken on the same day. The Challenge Exam is for those who truly have already mastered the competencies taught in the POV courses and that would satisfy all other requirements for advancement to AM or ASA but who have not yet completed the coursework.
To register or to learn more about the Challenge Exam, visit http://www.appraisers.org/Product-Catalog/Product?ID=7599 or contact Joyce Johnson at (703) 733-2123 or email.
American Society of Appraisers
The American Society of Appraisers is a world-renowned and respected international organization devoted to the appraisal profession. As the oldest and only major appraisal organization representing all appraisal specialists, ASA is devoted to providing the highest possible standards in all areas of ethics, professionalism, education and designation criteria. For more information about the American Society of Appraisers, the ASA designation program for appraisers or the Society's free "Find an Appraiser" Referral System, visit www.appraisers.org or call Todd Paradis at (800) 272-8258.