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CPE Self-Study

AICPA ABV Exam Review Course

NOTE: Taking the AICPA's review course does not guarantee the candidate of successfully passing the ABV exam. The review course reviews most of the items on the exam's content specific outline. The course is not meant to teach topics to the candidate for the first time. A significant amount of independent reading and study will be necessary to prepare for the exam, regardless of whether the candidate completes the review course or not.

The AICPA's ABV credential is the most rigorous and prestigious of the business valuation certifications. In a short time, it has become an essential marketing tool for the CPA planning to specialize in this lucrative practice area. The ABV Exam, a key step towards becoming an ABV, tests a comprehensive range of business valuation knowledge.

The ABV Exam is now offered in a 2-part, modular format. Module 1, 'Approaches', covers Content Specification Outline (CSO) Section II and chapters 3-7 of the ABV Exam Review Course. Module 2, 'Analysis & Related', covers CSO Sections I & III and chapters 1, 2 & 8-10 of the ABV Exam Review Course. Please reference the CSO before preparing for the ABV Exam.

Newly enhanced and closely aligned with the ABV exam, the AICPA ABV Exam Review Course is the only comprehensive program backed by the resources and collective expertise of business valuation professionals associated with the AICPA -- the nation's premier membership organization for CPAs. The content within the course covers BOTH parts of the modular ABV Exam.

Topics Discussed

  • Professional Standards, the Engagement, and Standards of Value
  • Subject Company Analysis
  • The Market Approach to Valuation
  • Cost of Capital
  • Income Approach to Value
  • Asset-Based Approach
  • Valuation Adjustments: Discounts and Premiums
  • Fair Value for Financial Reporting Based on Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 820
  • The Valuation of Intangible Assets and Intellectual Property
  • Valuation Service Areas

Learning Objectives

  • Define the engagement and premise of value and write the engagement letter
  • Identify valuation related professional standards and guidelines issued by AICPA (e.g., Statement on Standards of Valuation Services No. 1) and tax authorities
  • Review sources of data, techniques and methods used to analyze business interest, value drivers, and risk assessment
  • Examine the three primary approaches to value (and related hybrid approaches), as well as discounts, premiums and the reconciliation of value estimates
  • Apply BV knowledge to special issues, including intellectual property, litigation and dispute resolution services, FLPs and LLCs, ESOPs, special types of securities, and reporting
  • Gain familiarity with landmark cases

Who Will Benefit?

  • ABV credential candidates

Discounts

FVS Section Members Save an Additional 20%!

When you log into this website with your AICPA member user account, the section discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at
888-777-7077 or service@aicpa.org.

Find out more information on the Forensic and Valuation Services Section

About the Authors

ABV Exam Review Task Force



ABV Examination Review Course Task Force - Tim Cowley, CPA/ABV/CFF, CFE, MSA



Ed Dupke, CPA/ABV/CFF/CGMA, ASA



John Ferro, CPA/ABV, CVA



Linda Trugman, CPA/ABV, MCBA, ASA, MBA



Maryellen Galuchie, CPA/ABV



Tim Cowley, CPA/ABV/CFF, CFE, MSA



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.