CBV, adding value to a degree and professional designation
Co-op work experience is key to developing career-ready skills and enhancing technical knowledge. But when the links between studies and curiosity takes you off the beaten path, it can be a good thing.
An elective, ambition, and a natural sense of curiosity has led many graduates from the Masters of Accounting (MAcc) program to discovering a meaningful career path in business valuations.
“Through the program at SAF I learned a lot of skills that prepared me for writing professional exams, including the MQE. The valuations course in the MAcc program especially provided a great introduction to the CBV profession, along with the technical foundation needed to begin pursuing the designation.”
A well-respected professional designation, the role of a CBV is to quantify the value of a business, its securities, or its intangible assets within the context of mergers and acquisitions, succession planning, strategic planning, or reorganizations. In the context of litigation, CBVs provide expertise in quantifying the damages or losses arising from a legal dispute.
SAF is recognized by the CBV Institute, the governing body for the CBV designation and as such students who elect to take the Business Valuations course during the MAcc program are given designation exemption, “I am so pleased that many of our MAcc grads have taken advantage of the advanced standing provided by the CBV Institute for having completed our Business Valuations course. SAF very much values the strong and long-standing partnership we have had with the CBV Institute which allows us to provide students with both a head’s up and a head start on a rewarding career in business valuations,” states Prof. Dave Vert.
Many CBVs already hold CPA and/or Chartered Financial Analyst (CFA) designations, as success in the field of business valuations draws on foundations in accounting and finance. SAF students who have natural curiosity to dive deep into analytical work and the ambition to succeed often discovers that they can take their professional careers in a different, yet similar pathway in accounting and finance, but more specialized in the area of valuations.
Accounting and finance professionals are in demand but potentially not in the traditional roles that easily come to mind. SAF grads continue to lead in the transformation of these professions by being curious and exploring fields that leverage the foundations of accounting and finance.
"The
School
of
Accounting
&
Finance
equipped
me
with
the
necessary
skills
and
knowledge
to
succeed
and
introduced
me
to
a
specialized
profession
in
business
valuations.
I
was
able
to
build
upon
the
knowledge
I
gained
from
the
Business
Valuations
course
taught
by
Professor
Dave
Vert
and
successfully
pass
the
MQE."
Arthur
Cheung
MAcc
‘14
“I
discovered
my
interest
in
valuations
and
business
succession
planning
through
the
Business
Valuations
course.
The
course
introduced
me
to
the
role
of
a
business
valuator,
principles
of
valuations,
valuation
approaches
and
other
valuation-related
topics.
Not
only
did
the
course
allow
me
to
apply
for
advanced
standing
in
the
CICBV
Program
of
Studies,
it
also
provided
me
with
the
fundamental
valuation
knowledge
that
helped
me
obtain
the
CPA
designation
and
earn
the
CFA
Charter.
I
highly
recommend
the
course
to
any
MAcc
student
interested
in
valuations
and/or
finance.