We are happy to introduce the newly formed India Chapter of The International Association of Certified Valuation Specialists (IACVS). IACVS is a globally recognized association of business valuation professionals, with professional members in more than 50 countries. IACVS was founded in 2000 in North America to provide worldwide support to professionals performing valuations and/or fraud deterrence engagements.  IACVS issues the ICVS (International Certified Valuation Specialist) and ICVS-A (ICVS with advanced studies in financial instruments) credentials to qualified individuals.

IACVS’s Board has approved the application of the IACVS India Chapter.  This creates a fulfilment of the core objective to transfer best practices in Business valuation from across the world, and also transfer India’s knowledge and best practices to the world. IACVS promotes the uniform application of valuation theories, approaches, methods, and models throughout the world. In the field of fraud deterrence and forensic accounting, IACVS encourages the development and dissemination of consistent and demonstrable systems and techniques for both detection and prevention of fraud. 

The India Chapter of IACVS will help India valuation and fraud investigation professionals to grow in their respective fields and acquire the best global practices. This is a major link in the globalization of cross border harmonization and understanding.  The board of IACVS India association consists of reputed valuers from across the country.  The Board of IACVS India will help grow the nascent business valuation profession, both qualitatively and quantitatively. The India chapter intends to bring the best-in-class global pieces of training and knowledge sessions to its members to keep them up to date with all related affairs and developments across the world.  

The Center for International Business Valuation (CfIBV) in collaboration with the International Association of Certified Valuation Specialist Africa Charter (IACVS-Africa) organizes monthly webinars in various disciplines related to business valuation. For more information, you may register at https://cfibv.org/home/webinar. You can also find the past recorded videos at this site.

Register at https://icirsconferences.com/index.php/webinars/december-7-9-2020-the-art-and-science-of-business-valuation-conference/?page=register 

Zoom Webinar Link: https://us02web.zoom.us/j/87218135743?pwd=MnlBeHg4TVlxV2dVN2N1WkpoVGt5UT09   

Passcode: 214814

Executive Summary 

This conference, hosted by the Center for International Business Valuation (CfIBV) and the International Association of Certified Valuation Specialists (IACVS), in collaboration with the International Conference on Interdisciplinary Research Studies (ICIRS), explores the impact of the pandemic on the valuation profession and provides a forum for practitioners, academic researchers, financial institutions, and policymakers to share lessons learned, best practices, trends, challenges, and opportunities.  Even though the full impact of COVID-19 on the world economy will not be known until it is over, the effect already is being felt on the Gross Domestic Products of countries globally. According to the United States Congressional Research Service, the virus could trim global economic growth by 3.0% to 6.0% in 2020. Global trade also could fall by 13% to 32%. Plus, the economic fallout from the pandemic raised the risk of a global economic recession with high levels of unemployment. For instance, increased unemployment could compound the initial reduction in storefront retail sales to include the online market segment, which has increased during the pandemic, and this same type of dynamic can occur in multiple industries. This scenario, therefore, has economists anticipating that the crisis could lead to a global recession of the same magnitude as the Great Depression. Performing business valuations during this period of time is a challenge because so much is unknown and these changes impact the baselines under which businesses are valued. 

Conference Schedule

Day One – Monday, December 7, 2020, 7:00 – 10:00 AM EST

6:50 AM – Check In

7:00 – 7:05 AM – Welcome and Opening Remarks from the cConference Co-Chairs

Joel M. DiCicco, Ph.D. CPA, CFF, ICVS-A, BCA, PFS, CGMA, Co-Founder and Principal Consultant, Center for International Business Valuation, Conference Co-Chair

Dereje B. Tessema, PhD., PMP, PMI-ACP, Co-founder and Managing Director, Center for International Business Valuation (CfiBV), Academic Vice President, Florida University Southeast (FUSE), Conference co-chair

7:05 – 7:35 AM –  Keynote Speaker - William H. Hanlin, Jr. ICVS, CPA, CFE, CFD,  President and CEO, International Association of Certified Valuation Specialists (IACVS)

7:35 – 8:05 AM – Topic #1: Valuation Challenges in the COVID-19 Era. - Richard Claywell, CPA, ABV, ASA, CBA, ICVS, CVA, CM&AA, MAFF, CFD, ABAR, CMEA, CVGA, IACVS board chairman

8:05 – 8:10 AM – Q&A

8:10 – 8:40 AM – Topic #2: Addressing the Complexity of Valuation using Advanced Financial Instruments. - Dr. Joel DiCicco, co-founder, and Principal Consultant, Center for International Business Valuation (CfIBV)

8:40 – 8:45 AM – Q&A      

8:45 – 9:25 AM – Topic #3: Valuation Practices in the Mining Industry 

9:25 – 9:30 AM – Q&A

9:30 – 9:55 AM – Panel Discussion with Speakers: Moderator: Robert C. Brackett, ICVS, CPA

9:55 – Closing remarks

Day Two – Tuesday, December 8, 2020, 7:00 – 10:00 AM EST

6:50 AM – Check In

7:00 – 7:05 AM – Welcome and Recap of Day One from the Conference Co-Chairs

Joel M. DiCicco, Ph.D. CPA, CFF, ICVS-A, BCA, PFS, CGMA, Co-Founder and Principal Consultant, Center for International Business Valuation, Conference Co-Chair

Dereje B. Tessema, Ph.D., PMP, PMI-ACP, Co-Founder and Managing Director, Center for International Business Valuation, Academic Vice President, Florida University Southeast, Conference Co-Chair

7:05 – 7:45 AM – Opening remarks from the keynote speaker - Nick Talbot, Chief Executive Officer, The International Valuation Standards Council

7:45 – 8:25 AM – Topic #1: Supporting Valuation Profession with Professional Training and Academic Education

Heidi DiCicco, JD, MBA, PMP, President, Florida University Southeast, Secretary-Treasurer of the IACVS-Africa Charter 

Moses Gitonga, MBV, ICVS-A, Faculty, Florida University Southeast, Consultant, Center for International Business Valuation

8: 25– 8:30 AM – Q&A

8:30 – 8:50 AM – Topic #2: Discounted Cash Flow (DSF) - Philippe Dubois, ICVS-A, Faculty, and Consultant, Center for International Business Valuation (CfIBV)

8:50 – 8:55 AM – Q&A      

8:55 – 9:25 AM – Topic #3: Valuation of Intangibles - William H. Hanlin, Jr. ICVS, CPA, CFE, CFD,  President and CEO, International Association of Certified Valuation Specialists (IACVS)

9:00 – 9:40 AM – Panel Discussion with speakers - Moderator: Joel DiCicco, Ph.D.

9:40 – 9:50 AM – Q&A

9:55 – Closing remarks

Conference Sponsors

Center for International Business Valuation (CfIBV)

International Association of Certified Valuation Specialists (IACVS)

International Valuation Standards Council (IVSC)

Florida University Southeast (FUSE)

International Conference on Interdisciplinary Research Studies

Digital Education and Digital Africa

ICVS-Advanced Studies in Financial Instruments (ICVS-A)

Endorsed Trainer Program

To become an Endorsed ICVS-A Exam Training Program Provider (“Endorsed Provider”), an individual must successfully complete the ICVS-A Endorsed Provider Course and Exam.

BEST PRACTICES AND ETHICIAL REQUIREMENTS

The Center for International Business Valuation (“CfIBV”) and IACVS have adopted the following best practices and ethical requirements for all Endorsed Providers. Endorsed Providers must

1.Hold an ICVS-A credential in good standing

2.Demonstrate mastery of the material and teaching competency

a.Endorsed Providers will be given one month to prepare a presentation on a topic chosen by the Center.  

b.Mastery of the material and teaching competency will be measured using the following metrics:

i.States objectives clearly for enhanced learning and outcomes

ii.Uses appropriate teaching methods

iii.Provides opportunities for critical thinking and analysis by students

iv.Communicates effectively

v.Presents material in a logical and well-organized manner

vi.Demonstrates respect toward students

vii.Demonstrates energy or enthusiasm for the topic

viii.Demonstrates knowledge of the subject matter, including current aspects

ix.Relates theory to practice, when appropriate

3.Abide by all International Association of Certified Valuation Specialists (“IACVS”) ethical standards.   (http://www.iacva.org/index.php?ac=article&at=list&tid=9)

4.Promote and protect the value of the ICVS-A credential

5.Maintain the quality and educational rigor of the ICVS-A program

6.Communicate the educational purposes and principles of the ICVS-A program effectively and honestly

7.Utilize the official ICVS-A materials for all ICVS-A training

8.Convey the message to trainees that provider products should be used as supplementary tools and not as a replacement for the approved ICVS-A training materials. 

a.For example, a statement to the effect that the prep provider course will offer complementary materials to assist students is very acceptable.  On the other hand, suggestions that their training program will make one pass the exam with ease is not acceptable.

9.Ensure all educational tools are current, developed by qualified authors, and effectively communicate learning goals. 

a.If offering supplemental materials, they must be of excellent quality consistent with the evolving ICVS-A curriculum and exam formats.  

b.Endorsed Providers must keep their material up-to-date, as the field of financial instruments and, in particular, financial engineering is constantly disrupted.

10.Are experienced and knowledgeable in the topics they teach.

a.Endorsed Providers must possess one of the following educational and/or experience requirements: 

i.PhD or other equivalent doctoral degree

ii.Master’s degree in Accounting, Finance, or a related field and three years of work experience in an area of finance

iii.Bachelor’s degree in Accounting, Finance, or a related field and five years of work experience in an area of finance

b.Each course instructor and author of prep materials must disclose to training participants their educational qualifications, relevant work experience, and past success in preparing students for the ICVS-A exam.

c.Each course instructor, in addition to passing the ICVS-A exam, must also pass an advanced exam consisting of short-answer calculation problems.  This exam is open book and four hours in length.  The topics to be tested are as follows:

i.Swaps

ii.Basic and Exotic Options

iii.Bond yields

iv.Asset-Backed securities

11.Relay the overall results of student feedback on the Endorsed Provider’s products and services to the Center.  

a.Feedback should be collected formally from all participants in written survey form.

12.Communicate clearly to candidates the time commitment required for proper preparation for the ICVS-A exam, including reading, research, and preparation beyond the training program.   

13.Advertise only in compliance with U.S. fair consumer practice legislation

a.Endorsed Providers will neither disseminate guarantees for passing any parts of the exams nor advertise that they have insider information regarding the specific questions or focus of the exam beyond the information provided by the Center and/or IACVS.    

14.Facilitate periodic program reviews by CfIBV and/or IACVS.  

a.Upon notice from CfIBV and/or IACVS of a violation of the best practices and ethical requirements outlined above, Endorsed Providers will immediately address any identified issues to bring their program into compliance.

i.Failure to comply within two weeks from the date of notification will result in a second notification of violation.

ii.Programs not brought fully into compliance by the end of four weeks from the initial date of notice will lose their standing as Endorsed Providers.

For more information on becoming an Endorsed Provider, please contact the Center for International Business Valuation through their webpage: cfibv.org.

Date - Live Zoom:  July 10-13 Saturday/Sunday 9:00 AM - 4:00 PM EST

In the world of accounting and valuation, much consternation exists among CPAs, Government Auditors, Finan- cial Analysts, and Credentialed Valuators regarding the determination of the fair value of financial instruments.

Both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) have identified the fair value reporting of financial instruments as one of the top priorities needing improvements.

Most prominent among the reasons given for the failures to accurately determine the values of these financial constructs is the complexity of these instruments, which are steadily increasing as a result of enhanced computing capabilities. And, this concern is not limited to the United States; the International Valuation Standards Council (IVSC) also expressed major concerns over the lack of quality derivative product valuations. To address this issue, the Center for International Business Valuation (www.cfibv.org), a research think tank, consulting, and training organization developed the four-day course Advanced Studies in Financial Instruments.

Who needs to attend:

* Accountants and Auditors

* Chief Financial Officers, Comptrollers, Treasurers

* Valuators, Appraisers, Financial and Equity Analysts, Real Estate Analysts

* Bank Trust Officers, Credit Products Officers, Investment Analysts

* Portfolio Managers, Asset Management Specialists, Mergers and Acquisitions Directors

Topics:

* Introduction to the valuation profession

* The three valuation approaches

* Fair value accounting and disclosure requirements

* Fair value methodologies and techniques for valuing financial instruments (equities, debt, securitized instruments, and derivatives)

* Python Programming Language using Financial libraries

Class Materials Provided:

* Advanced Studies in Financial Instruments Body of Knowledge Manual

* Six-month online access to lecture slides and videos

* Support for Python financial libraries and related templates

Learning Objectives:

* Apply accounting standards for fair value and under- stand the history behind the fair value movement

* Ascertain the purposes behind the issuance and usage of complex derivative products

* Employ current valuation techniques for these financial products

* Utilize the programming language of Python, which is dominant in the valuation of financial constructs

Continuing Education Units:

 This course provides 28 hours of continuing Professional Education units meeting the standards of the Florida State Board of Accountancy and other professional bodies.  Participants will receive a Certificate of Completion from the Center for International Business Valuation upon successful completion of the course.

Pricing:

Virtual Zoom and Online: $1,500*. A discounted group rate is available.

                                             $1350 (IACVS Members)

Online only: $1000* The cost includes six months of full access to the class materials.

                       $900 (IACVS Members) 

* Cost includes one-year IACVS membership and exam fees.

The Center for International Business Valuation is currently processing its payments through a partner, Maryland Global University. Once your payment has cleared, the Center will grant you access to its Learning Management Portal. 

Refund Policy

For more information, please call 844-235-0220.

$1500 - Live and Online (includes IACVS one year membership fee)

$755 Online (includes IACVS one year membership fee)

Registration and Payment: https://www.mdgu.us/course/ICVSA-B

For more information, please visit https://www.mdgu.us/course/ICVSA-B or call 844-235-0220

Date - Live Zoom: Over two weekends (6/13 - 6/14, 6/20 - 6/21)

In the world of accounting and valuation, much consternation exists among CPAs, Government Auditors, Finan- cial Analysts, and Credentialed Valuators regarding the determination of the fair value of financial instruments.

Both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) have identified the fair value reporting of financial instruments as one of the top priorities needing improvements.

Most prominent among the reasons given for the failures to accurately determine the values of these financial constructs is the complexity of these instruments, which are steadily increasing as a result of enhanced computing capabilities. And, this concern is not limited to the United States; the International Valuation Standards Council (IVSC) also expressed major concerns over the lack of quality derivative product valuations. To address this issue, the Center for International Business Valuation (www.cfibv.org), a research think tank, consulting, and training organization developed the four-day course Advanced Studies in Financial Instruments.

Who needs to attend:

* Accountants and Auditors

* Chief Financial Officers, Comptrollers, Treasurers

* Valuators, Appraisers, Financial and Equity Analysts, Real Estate Analysts

* Bank Trust Officers, Credit Products Officers, Investment Analysts

* Portfolio Managers, Asset Management Specialists, Mergers and Acquisitions Directors

Topics:

* Introduction to the valuation profession

* The three valuation approaches

* Fair value accounting and disclosure requirements

* Fair value methodologies and techniques for valuing financial instruments (equities, debt, securitized instruments, and derivatives)

* Python Programming Language using Financial libraries

Class Materials Provided:

* Advanced Studies in Financial Instruments Body of Knowledge Manual

* Six-month online access to lecture slides and videos

* Support for Python financial libraries and related templates

Learning Objectives:

* Apply accounting standards for fair value and under- stand the history behind the fair value movement

* Ascertain the purposes behind the issuance and usage of complex derivative products

* Employ current valuation techniques for these financial products

* Utilize the programming language of Python, which is dominant in the valuation of financial constructs

Continuing Education Units:

* This course meets the standards of the Florida State Board of Accountancy and other professional bodies for 28 hours of continuing professional education units

Cost:

$1500 - Live and Online (includes IACVS one year membership fee)

$755 Online (includes IACVS one year membership fee)

Registration and Payment: https://www.mdgu.us/course/ICVSA-B

For more information, please visit https://www.mdgu.us/course/ICVSA-B or call 844-235-0220

 ICVS - A Class, Online - Live (Virtual)

Date - Live Zoom: Over two weekends (6/13 - 6/14, 6/20 - 6/21)

In the world of accounting and valuation, much consternation exists among CPAs, Government Auditors, Finan- cial Analysts, and Credentialed Valuators regarding the determination of the fair value of financial instruments.

Both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) have identified the fair value reporting of financial instruments as one of the top priorities needing improvements.

Most prominent among the reasons given for the failures to accurately determine the values of these financial constructs is the complexity of these instruments, which are steadily increasing as a result of enhanced computing capabilities. And, this concern is not limited to the United States; the International Valuation Standards Council (IVSC) also expressed major concerns over the lack of quality derivative product valuations. To address this issue, the Center for International Business Valuation (www.cfibv.org), a research think tank, consulting, and training organization developed the four-day course Advanced Studies in Financial Instruments.

Who needs to attend:

* Accountants and Auditors

* Chief Financial Officers, Comptrollers, Treasurers

* Valuators, Appraisers, Financial and Equity Analysts, Real Estate Analysts

* Bank Trust Officers, Credit Products Officers, Investment Analysts

* Portfolio Managers, Asset Management Specialists, Mergers and Acquisitions Directors

Topics:

* Introduction to the valuation profession

* The three valuation approaches

* Fair value accounting and disclosure requirements

* Fair value methodologies and techniques for valuing financial instruments (equities, debt, securitized instruments, and derivatives)

* Python Programming Language using Financial libraries

Class Materials Provided:

* Advanced Studies in Financial Instruments Body of Knowledge Manual

* Six-month online access to lecture slides and videos

* Support for Python financial libraries and related templates

Learning Objectives:

* Apply accounting standards for fair value and under- stand the history behind the fair value movement

* Ascertain the purposes behind the issuance and usage of complex derivative products

* Employ current valuation techniques for these financial products

* Utilize the programming language of Python, which is dominant in the valuation of financial constructs

Continuing Education Units:

* This course meets the standards of the Florida State Board of Accountancy and other professional bodies for 28 hours of continuing professional education units

Cost:

$1500 - Live and Online (includes IACVS one year membership fee)

$755 Online (includes IACVS one year membership fee)

Registration and Payment: https://www.mdgu.us/course/ICVSA-B

For more information, please visit https://www.mdgu.us/course/ICVSA-B or call 844-235-0220

Applied for 10 CPD Hours from the Board of Valuers and 10 CPE hours from IACVS

It's a great pleasure to announce that Business Valuers Association Malaysia (BVAM) will organise a Certified Business Valuation Course. BVAM is a charter member of The International Association of Certified Valuation Specialists (IACVS). The training course will be held in July, 2020 at the National Institute of Valuation (INSPEN), Kajang Selangor, Malaysia. The ICVS credentialed exam will be in July at INSPEN.

The training program is directed to all valuers and real estate industry player who want to explore and enhance their competencies in Business Valuation profession. 

Objective of this course:

At the end of the programme, participants will be able to: 

•    Acquire knowledge on Business Valuation and its components

•    Gain exposure on valuation approaches and techniques

•    Apply knowledge & skill on Business Valuation

Send your enquiry to:

•      Melanie at melanie.bvam@gmail.com

•     Thila Ganesan at thila@khhongjaafar.com.my; 

October 4-6, 2021

Conference Link:  https://www.panpaccongress.org/web

The concept founders of the Pan Pacific Congress (PPC) of Real Estate Appraisers, Valuers and Counsellors were Australia, America and New Zealand. The first PPC was held in Sydney, Australia in 1959. The Congress was founded on developing a closer relationship with the various appraisal or valuation institutes providing a forum for members of allied professional bodies in the Pacific Basin to share and exchange information. The Congress is primarily an educational refresher in nature, organised and presented by the professional appraisal or equivalent bodies of member countries every two years.

The 30th Pan Pacific Congress of Real Estate Appraisers, Valuers and Counsellors (PPC) will be hosted at Hotel Istana, Kuala Lumpur in 2021. IACVS is the endorser partnership for this event. Mr. William Hanlin and Mr. Robert Brackett will attend and present a paper at this conference.

The 30th Pan Pacific Congress 2021 will showcase papers acknowledging the real estate industry in the environment of digital disruptions. Papers will be delivered in the Plenary Sessions and the Simultaneous Sessions. The Simultaneous Sessions cover 2 Tracks. 

For more information, such as registration and agenda about this confernece, you can visit the official website https://www.panpaccongress.org/web

We’re pleased to announce the International Association of Certified Valuation Specialists (IACVS) and the Nigerian Institution of Estate Surveyors and Valuers (NIESV) in December 2019. 

William Hanlin (CEO & President, IACVS) met Johnbull Amayaevbo (2nd Vice President, NIESV) during the IVSC Singapore World Council Meeting in October 2019. While there they discussed the benefits and possible rolls under several formats of potential cooperation between associations. After additional communications and discussions an agreement has been formalized.

Both IACVS and NIESV have complimentary synergies and common goals of excellence for their respective membership.

IACVS (a Canadian not-for-profit entity, headquartered in Toronto, Ontario, Canada) is a provider of advanced professional training and certification for its global membership in the field of business valuation, bringing the global business valuation community together with common standards and best practices. IACVS operates primarily through its Charter/Chapter Members that now populate the world with practitioners in more than 55 countries. Through these Charters/Chapters, IACVS provides training and certification to professionals and interested persons in business valuation theory, models and techniques (often referred to as “best practices in business valuation”). IACVS confers the ICVS – International Certified Valuation Specialist credential to its individual members who successfully complete a rigorous training and testing program.

NIESV, the recognized leader of valuation throughout Nigeria provides various continuing professional education opportunities to professional real estate valuers and interested persons in the practice of real estate valuation. Currently NIESV has professional association members and is governed by a board of officers.

IACVS and NIESV will work together in all aspects of member benefits and education opportunities (member benefits of each organization will be equally available to members of the other organization). 

For additional information contact IACVS Headquarters (info1@iacvs.org) or NIESV Headquarters (johnbullamayaevbo@gmail.com)