CPE Self-Study
CVFI Education and Exam Pathway for Experienced Professionals (Bundle + Exam)
Group Pricing
This product offers a group pricing option. Contact us for details.
Contact us
Online: 9.0
Led by an industry expert, this bundle includes the required online education covering the Financial Instruments Performance Framework (FIPF) and the credential exam.

CPE On-Demand
AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by our technicians.

A stable and continuous internet connection is required
In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your My Account after successfully completing the course and/or exam. Please contact us at 1.888.777 or use chat to connect with a live agent (Mon-Fri 9am-8pm ET) with any questions or concerns related to your CPE certificate(s).

Supported Operating Systems:

  • Macintosh OS X 10.10 to present
  • Windows 7 to present

Supported Browsers:

  • Apple Safari
  • Google Chrome
  • Microsoft Internet Explorer
  • Mozilla Firefox

Required Browser Plug-ins:

Note: Your course will be accessible immediately after completing your purchase. Access instructions will be shown on the Order Confirmation Screen and included in your Order Confirmation Email, or click My Account at the top of the page, select My Purchases and then My Online Learning tab.

Technical Support: Please contact us at 888-777-7077 or use chat to connect with a live agent (Mon-Fri 9am-8pm ET).

Accessibility: The Association of International Certified Professional Accountants (Association) is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services.  The Association is committed to making professional learning accessible to all.  This commitment is maintained in accordance with applicable law.  For additional information, please refer to the Association’s Website Accessibility Policy.

If this symbol is displayed under Delivery Type on the product page, this product offers closed captioning.

For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Product details

Who Will Benefit?

  • Controllers
  • Traders
  • Data providers
  • Accountants
  • Auditors

Key Topics

  • Purpose of the Financial Instruments Performance Framework (FIPF)
  • Benefits of the FIPF
  • Scope of work and documentation under FIPF
  • Fair Value Measurements
  • Accounting and Auditing
  • Valuation

Learning Objectives

  • Identify the primary benefits to valuation professionals and third parties.
  • Recall the documentation requirements for fair value engagements.
  • Identify the components of professional competence and professional skepticism.
  • Identify the basic information required in a valuation report to comply with the framework.

Consistently and transparently value securities

To help valuation professionals better convey the contents of financial instrument valuations and demonstrate a high level of dedication to approaching the valuation of derivatives, structured products, securitized debt, and other instruments, the AICPA created the Certified in the Valuation of Financial Instruments™ (CVFI™) credential. The CVFI provides everyone in the valuation chain a more consistent and transparent method for substantiating what goes into complex calculations when valuing securities.

Earn the CVFI credential.

The CVFI credential is designed for CPAs and valuation professionals who want to demonstrate a high level of dedication to approaching the valuation of:

  • Derivatives
  • Structured products
  • Securitized debt
  • Other instruments

Differentiate yourself with the CVFI credential to show your skill and confidence in performing fair value measurements.

Complete the CVFI learning pathway for CPAs and valuation professionals with at least ten (10) years and 6,000 hours of experience related to fair value estimates for financial instruments.

This program bundle includes the required learning and exam for experienced valuation professionals engaged in the financial instruments valuation profession to achieve the CVFI credential. Led by an industry expert, the required online education covers the Financial Instruments Performance Framework (FIPF).

Note: All valuation professionals who do not hold a CPA license will need to complete all courses in the program.

CVFI Credential Exam: The AICPA's CVFI exam for experienced entry candidates is an online conceptual exam with 60 questions that examines the candidate's knowledge of the FIPF.

Note: The purchase of this program entitles you to three attempts to pass the exam. Candidates will receive a pass/fail notification upon completion of the exam. If you do not pass an attempt, we recommend you study the learning material and review the FIPF before accessing the second or third retake. After three failed attempts, you will be subject to retaking the CVFI education and a 90- day waiting period before a link to purchase three more attempts is sent to you.

Ratings and reviews

Oksana Westerbeke

Oksana Westerbeke is a principal in Grant Thornton’s Forensic Advisory Services practice in the Boston office of the Metro New York/New England market territory. She assists clients in identifying, quantifying and managing risk. She specializes in the valuation of privately held equity securities, performance and market condition options, debt and embedded derivatives, contingent assets and liabilities, warrants with anti-dilution provisions and other contingencies, and other complex securities. In addition, she assists clients in the valuation of business enterprise and intangible assets.

Westerbeke has over 20 years of finance experience. Prior to joining Grant Thornton, she spent over 10 years at one of the Big 4 firms performing valuations of business enterprises, equity, complex financial instruments and intangible assets. She also held financial analyst positions at the Westerbeke Corp. and Fortrade Financing, S.p.A.


American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Member Quantity:
Nonmember Quantity:
Estimated total:
Add to cart
CPE credits
: 9.0
NASBA Field of Study
Foundational knowledge of valuing financial instruments
Delivery Method
QAS Self-Study
Course acronym
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
Contact us online
Back to Top