Chartered Business Valuator (CBV)

特许商业估价师（CBV）是为成功完成所有培训和考试要求的个人提供的专业名称和认证。该宪章是由加拿大多伦多的特许商业估值研究所授予的，该研究所以前被称为加拿大特许商业估价员研究所。

CBV名称代表了对估值原则，技术和产生准确结果的方法的深入了解。

It is held by only a small number of professionals in Canada and internationally; currently, there are 2,215 members. CBV professionals are held to very high and stringent standards, established by the Chartered Business Valuator Institute, and they are obliged to undergo continuous improvement and rigorous training.

CBV名称是加拿大专业人员的公认证书，但在国际上也是有资格评估和分配估值的公司，无论是在当地还是国外。

CBV从业人员使用其知识和技能来提供与加拿大会计标准一致的标准化业务评估。他们评估公司的财务报表，对其资产进行评估，计算企业价值和市值，并预测未来现金流量。

如何成为特许商业估价师？

这CBV qualification is available to financial professionals and is a high-profile accreditation that, once obtained, gives them a leading edge and helps differentiate them in the marketplace.

他们可以以咨询能力提供独立顾问或工作。在这两种情况下，他们都必须制作详细的报告 - 如果顾问的能力和专家报告是独立的，则需要提供咨询报告。这两个报告都与估值报告不同。

这valuation report, depending on the requirements, level of detail, and assurance, is categorized into three groups:

• 综合估值报告
• Estimate valuation report
• 计算评估报告

这综合估值报告is the most thorough report, which provides information and analyzes the company, its industry, the context in which it operates, and all other relevant information. The Estimate valuation report is less detailed than the comprehensive report, yet it contains more information than the Calculation valuation report. The Calculation valuation report is produced with a minimal level of data gathering and compilation.

所有报告均应符合CBV研究所的标准和要求。细节的级别取决于特定客户的需求和需求。CBV产生的报告水平与特许公共会计师关于财务报表的报告相似。

训练for Chartered Business Valuators

成为CBV需要注册CBV研究所在线门户。选择的标准是多层和详尽的，这使CBV具有独家状态。希望成为CBV研究所成员并随后获得资格的个人必须满足以下要求：

Academic Qualification Requirement

这person must possess a post-secondary qualification issued by an academic institution or university in Canada or another country. An education requirement took effect on June 17, 2009. This requirement could be waived for individuals who were either:

• 2010年1月1日之前的注册学生或
• 持有加拿大的特许专业会计师（前认证管理会计师（CMA），认证的总会计师（CGA）或特许会计师（CA））或特许财务分析师（CFA）指定。

研究计划

An aspiring CBV must complete the program of studies, which takes on average two years and has three terms per year. The program has four mandatory courses and two optional courses that students must choose from a specified list. Written examinations, in either French or English, are taken after each course.

• 强制性课程包括I级入门业务估值，II级中级业务估值，III级高级业务估值以及IV级商业估值特殊主题。每个课程都必须连续顺序进行。
• 这voluntary courses include Private Investments, Litigation Support in Business Valuation, Corporate Finance, and Valuation for Financial Reporting. The students have to choose two of these courses.

会员资格考试（MQE）

After completing the program of studies, the student must register for the Membership Qualification Examination (MQE). The MQE covers the material covered in all four levels of compulsory courses. The examination is held online and lasts 4 hours. Students are obligated to pay a $1,370 examination fee.

专业经验

此外，候选人预计至少有1,500小时的相关经验。MQE通过后的五年内必须完成专业的合格经验。体验的长度分为核心和非核心评估体验，每种经验至少包括750小时。

750小时的核心估值经验

核心评估经验包括与业务估值，公司融资，私人投资和诉讼支持有关的活动的经验。得出的结论涉及公司的价值，其中包括资产，股票，负债或业务利息的价值，并且通常以独立的基础或已建立的财务损失排除有形资产。核心评估经验可以包括：

• 旨在建立价值的活动
• Activities aiming at estimating financial loss
• Activities referring to investment analyses, binding or non-binding acquisition offers, investment term sheets
• 债务和信用分析
• 损伤测试和购买价格分配用于财务报告
• Value creation tasks where value is determined
• Undertakings in corporate finance or deal advisory(M&A)

750 hours of non-core valuation experience

这experience also refers to business valuation, corporate finance, private investments, and litigation support; however, in this case, there is no reached conclusion. Qualifying non-core valuation tasks include but are not limited to:

• 财务建模
• 定性研究
• 尽职调查
• 转让定价
• Forensic and investigative accounting
• 使用财务比率进行趋势分析
• 投资或投资组合风险管理
• 在商业估值，公司融资，私人投资和诉讼领域的教学或研究

最后，完成以上四个要求后，学生可以申请会员资格并获得CBV宪章。申请需要会员费。费用取决于MQE通过的一年和相关截止日期之前的一年时间。MQE费用包括$ 595的新会员入场费和年度会员费。

资格要求和成功完成的MQE完成（至少需要60％的通过率）为估算员提供了所有先进的技能，无论是在加拿大还是在国际上，都可以在不断发展的商业行业中取得成功。

CBV vs. CFA

Both designations are prestigious in their own right and require time and studying commitment.

这Chartered Financial Analyst (CFA) benefits from a wider international reputation. At the same time, the CBV designation is primarily known in the Canadian market, although there are individuals across the globe who have obtained the qualification.

这CFAqualification provides a broader understanding of the financial industry with sufficient and extensive knowledge and skillset to work in portfolio and wealth management, credit analysis, risk management, investment strategy, and consulting, among others.

CBV宪章持有人对估值和与税收有关的话题具有更深入的知识，对于那些致力于估值的人来说，这一点尤其受欢迎。但是，与CFA宪章相比，CBV名称更为有利的资格。

研究承诺

Both qualifications require a time commitment for studying and professional experience. On average, 100-125 hours are required for completing one of the CBV courses. However, the hours suggested for the completion of each level of the CFA exams is almost triple at 300 hours. The time commitment may vary depending on the individual, but it becomes clear that the CFA designation is more time-consuming.

此外，CFA和CBV资格需要相关的工作经验。两者之间的工作经验的差异是显着的。

工作经验要求

这CFAcharter demands that 4,000 hours be completed within a minimum of 36 months before, during, and after registration for the CFA program. Work experience is also required as a pre-registration condition for the CFA studies. In comparison, the CVB designation makes 1,500 hours of relevant work experience compulsory for its candidates.

To sum up, the CFA examination and qualification demands more of its candidates and enjoys a worldwide reputation. The CBV, on the other hand, provides students with more specific knowledge and is more prominent in Canada compared to the rest of the world.

CBV与CPA

怀疑猿：

“我想说的是，CBV是相当利基的，并且有很多人接受该指定的人有CPA，或者是想要专门从事估值工作的人们。”

这holders of Chartered Public Accountant qualification are exempt from the Chartered Business Valuators level I course provided that they complete the online ethics and CBV Institute Practice Standards quiz.

此外，CPA加拿大和CBV研究所提供的财务报告（VFR）证书的两部分估值（VFR）证书的个人免于CBV研究所的财务报告自愿课程的估值。

这CPA charter is recognized internationally, and through professional partnerships, while the CBV qualification is mostly only known in Canada.

Academic Requirement

Like the CBV, the CPA accreditation demands time commitment and work experience. The candidates desiring to obtain the license must complete 150 college credits, including 30 credits in accounting and 24 credits in business administration. There are three ways to meet the requirement for 150 semester hours:

• Complete an undergraduate accounting degree and a master's degree at the same school or a different one.
• Obtain an undergraduate degree in a discipline different from accounting followed by a master's in accounting or an MBA with an accounting specialty.
• Register in a five-year accounting school or program that leads to a master's degree in accounting.

专业经验

有抱负的CPA还必须具有至少12个月或2,000小时的相关工作经验。工作经验的长度可能会根据管辖权而有所不同。

这Chartered Public Accountant qualification takes the longest to complete - about seven years - relative to the CBV and the CFA designations.

这CPA examination structure is composed of four sections - regulation (REG), financial accounting and reporting (FAR), auditing and attestation (AUD), and business environment and concepts (BEC), each requiring 4 hours.

Each qualification - CBV, CPA, and CFA - has its demands and benefits and will be suitable depending on the personal and career aspirations of the individual. An increasingly important aspect of the CBV role is the involvement in litigation and court proceedings regarding financial loss and business value cases. Reports issued by CBVs are accepted and held in high regard by legal authorities, especially courts in Canada, and they have been prioritized over reports presented by other financial professionals.

特许商业估价员薪水

这CBV salary is dependent on the experience and skills of the individual. As a general guideline, Chartered Business Valuators with at least five years of experience can earn between $60,000 and $120,000 per year. The bonus of a CBV equals approximately 4% of the base salary.

CBV Career Path

CBV专业人士的职业道路choose from. In addition, the CBV designation is the only professional designation offered in Canada with a focus on financial valuation, which means you will have many options available to you.

合格的CBV专业人员可以拥有一系列职业选择，包括诉讼和非诉讼角色。例如，律师可以聘请CBV，根据情况，他们可以担任独立律师或顾问。但是，CBV仅处理财务问题 - 从离婚的税收解决方案到商业估值，股东纠纷以及其他问题 - 并且不提供法律建议。

An accredited valuator can consider non-litigation professional development in fields such as:

• 合并，收购和剥离
• 财务报告
• 税收问题
• 管理管理和重组
• Risk management
• ESG

除了与估值相关的技术技能（包括财务建模和分析，业务评估和方法论以及业务管理和管理）外，CBV还应具有出色的人际关系技能。这些技能包括但不限于团队合作，管理和领导能力，高级利益相关者管理以及出色的沟通和演示技巧。