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ABV
(Accredited in Business
Valuation) Granted by: American Institute of Certified Public Accountants Comment:
The mission of the ABV Credential program is to provide a community of
business valuation experts with specialized access to information,
education, tools, and support that enhance their ability to make a
genuine difference for their clients and employers. The ABV Credential
program allows credential holders to brand or position themselves as
CPAs who are premier business valuation service providers. ABV
Credential holders differentiate themselves by going beyond the core
ASA
(Accredited Senior Appraiser) Granted by: American Society of Appraisers Comment: ASAs must demonstrate five years of full-time equivalent experience in business valuation to get their professional designation. ASAs have experience in appraising a wide variety of companies - public and closely held, large and small - and have experience in appraising a wide variety of business intangible assets. ASA has an extensive, long-established educational program including a core series of courses, various advanced courses and seminars, an annual cross-discipline international conference, and an annual advanced business valuation conference. Candidates for an ASA designation must complete the core series of four three-day courses in business valuation and successfully finish a half-day test following each course. To retain their designations, ASAs must demonstrate participation in continuing education.
CBA
(Certified Business Appraiser) Granted by: Institute of Business Appraisers Comment: Accreditation as a Certified Business Appraiser (CBA) is available to those members of The Institute of Business Appraisers, Inc. who are able to demonstrate that they have attained a high level of professional competence and conduct. The CBA accreditation designates the appraiser as a true professional in his/her field, worthy of the admiration of fellow appraisers and deserving the fullest confidence of clients and potential clients.
CFA
(Chartered Financial Analyst) Granted by: Association for Investment Management and Research Comment: First awarded in 1963, the CFA charter has become known as the designation of professional excellence within the global investment community. Around the world, employers and investors recognize the CFA designation as the definitive standard for measuring competence and integrity in the fields of portfolio management, investment analysis, and valuation. This designation is relevant not just to business valuation, but also to the analysis and valuation of all types of investments (debt, equity, derivative securities, and real estate) as well as the construction and management of investment portfolios. To obtain this designation, the candidate must pass three sequential examinations that include such topics as securities analysis and valuation, portfolio analysis, economics, finance, statistics and accounting. As the CFA program is postgraduate, the program examinations are geared for individuals who are prepared to deal with "masters" level course work. Individuals passing these examinations have demonstrated knowledge about the securities markets, and similar topics encountered in business valuation on a regular basis. Apart from the examinations, CFA charterholders must have a minimum of three years of acceptable professional experience working in the investment decision-making process. Finally, all CFA charterholders must comply with AIMR's Code of Ethics and Standards of Professional Conduct. Most national business valuation firms typically require their senior business valuation staff to have either the CFA or ASA designations.
CFE
(Certified Fraud Examiner) Granted by: Association of Certified Fraud Examiners Comment: The ACFE administers the Certified Fraud Examiner (CFE) credential, which denotes proven expertise in fraud prevention, detection, deterrence and investigation. CFEs must meet stringent academic, professional and character requirements; comply with the ACFE Code of Professional Ethics; and continually build their skills through ongoing professional education.
CGREA
(Certified General Real Estate Appraiser) Granted by: State of Arizona Board of Appraisal Comment: To receive the CGREA designation, a commercial real estate appraiser must receive a passing grade on five course examinations and a comprehensive, four-hour final that represent 180 hours of classroom instruction testing the appraiser's knowledge of appraisal principles, commercial appraisal valuation techniques and standards of professional practice and receive credit for 3,000 hours of commercial appraisal experience.
CIRA
(Certified Insolvency and Reorganization Advisor) Granted by: Association of Insolvency and Restructuring Advisors Comment: The Certified Insolvency and Reorganization Advisor designation is relevant to the areas of bankruptcy and turnaround management and is promulgated by the Association of Insolvency and Restructuring Advisors. Requirements to obtain the CIRA designation include completion of five years of accounting or financial experience with a public accounting, consulting, financial or investment banking firm, and completion of 4,000 hours of specialized underperforming business, reorganization and insolvency experience. The experience may be as an insolvency and reorganization accountant for trustee or debtor, creditor or equity holder committees, or specific creditors or equity holders; a troubled business workout specialist, including business receivers and reorganization management or consultants; a bankruptcy trustee; a bankruptcy examiner or accountant for examiner; an educator and/or author of published works in the area of bankruptcy/insolvency; or an expert witness regarding bankruptcy issues.
CPA
(Certified Public Accountant) Administered by: American Institute of Certified Public Accountants Granted by: Individual state boards Comment: The Certified Public Accountant is state licensed and has been tested on subjects including auditing, accounting and taxation. While many CPAs perform business valuations, their education does not include the skills to competently perform business valuations; this knowledge can, however, be gained through additional education and experience. The ABV designation represents an enhancement to the CPA designation to indicate competency in the area of business valuation.
CTP
(Certified Treasury Professional) Granted by: Association for Financial Professionals Comment: The Certified Treasury Professional designation is a globally recognized certification that indicates excellence in treasury and finance. The CTP signifies that an individual has demonstrated the knowledge and skills required to perform competently in today’s complex treasury environment. Areas of emphasis include cash management, risk management, capital structure, mergers and acquisitions and corporate governance.
MAI
(Member of the Appraisal Institute) Granted by: The Appraisal Institute Comment: The Appraisal Institute is an international network of highly qualified professional real estate consultants. It is acknowledged as the worldwide leader in residential and commercial property appraisal education, research, publications, and designation programs. The Member of the Appraisal Institute designation is the most prestigious accreditation in the real estate valuation profession. All members must adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice. Current requirements to obtain the MAI designation include 380 hours of classroom instruction, 11 course examinations, a four-module, two-day comprehensive exam, four-year accredited college education, 6,000 hours of professional experience, and approval of a demonstration report of an income producing property under stringent review requirements.
SRA
(Senior Residential Appraiser) Granted by: The Appraisal Institute Comment: The SRA professional membership designation is held by real estate solutions providers who are experienced in the analysis and valuation of residential real property. The current requirements that an appraiser must fulfill to receive the SRA designation are as follows: Receive a passing grade on seven examinations that reflect 181 hours of classroom instruction and that test the appraiser’s knowledge of appraisal principles, residential valuation techniques, report writing and standards of professional practice; hold an undergraduate degree from an accredited educational institution (or satisfy a specified alternative); and receive credit for 4,000 hours of experience, including 2,000 hours of residential appraisal experience, all of which must meet strict criteria. |
