OVERVIEW
CVA Programme – Asia’s First Professional Business Valuation Certification
The Chartered Valuer and Appraiser (CVA) Programme is developed by the Institute of Valuers and Appraisers, Singapore (IVAS) under the umbrella of the Accounting and Corporate Regulatory Authority (ACRA).
The CVA programme is the first Business Valuation certification programme in Asia to be benchmarked against international standards. It is grounded in the competency, ethical, and professional requirements advocated by the International Valuation Standards Council (IVSC), the global standards setter for valuation.
Developed in consultation with industry practitioners from the Accountancy, Banking, Legal, and Investment Management sectors, the CVA curriculum integrates technical knowledge with practical experience. Candidates benefit from case studies and real-world insights focused on Asia and emerging markets, ensuring that learning can be applied immediately in professional practice.
The programme enjoys wide industry endorsement, supported by regulators, professional bodies, and international accounting firms, establishing it as a trusted credential for valuation professionals.
LSBF has been appointed as the training partner to deliver preparatory courses for CVA candidates in India. Through LSBF’s structured preparation, candidates gain the knowledge, practical skills, and confidence needed to succeed in their CVA journey.
About the Chartered Valuer and Appraiser Programme
The Chartered Valuer and Appraiser (CVA) Programme is a comprehensive certification programme designed for professionals looking to build or advance their career in business valuation
What Sets the CVA Programme Apart
Internationally benchmarked standards – Built upon competency, ethical, and professional standards established by the International Valuation Standards Council (IVSC), the global standards setter for valuation.
Industry-developed curriculum – Created through extensive consultation with senior practitioners from Accountancy, Banking, Legal, and Investment Management sectors.
Practical, market-focused approach – Integrates comprehensive technical knowledge with real-world experience through insights from industry experts and case studies focused on Asian and emerging markets.
The programme comprises of five modules and offers you flexibility in completing the first four modules (Module 1 to Module 4) . You can take Module 1 and Module 2 in any order or simultaneously, before proceeding to Module 3 and Module 4. You must pass Module 1 to Module 4 before taking the Capstone Module, which is case-based and application-focused.
Module 1 – Introductory Valuation
This module provides the foundational knowledge for every business valuation exercise.
Upon completion of this module, you will be able to:
- Describe the business valuation landscape and the future developments
- Identify the valuation standards applicable to business valuation
- Describe the competencies, role, behaviour and conduct of business valuers and the competency framework for professional valuers
- Discuss the valuation context and the role that business valuation plays in the financial and corporate world
- Differentiate various terms, bases and premises of value and their implication to the valuation outcome
- Explain the key concepts of accounting and finance relating to business valuation
- Apply the principles of business valuation
- Describe and adopt a valuation process which is acceptable in a transactional and/ or financial reporting environment; and prepare a credible and professional business valuation report
- Describe and adopt the best practices in preparing prospective financial information
Module 2 – Law and Valuation
This module covers how a business valuation exercise is conducted within the legal and regulatory framework.
Upon completion of this module, you will be able:
- Describe the role and duties of business valuers in the context of civil litigation and arbitration proceedings
- Describe key aspects of the Singapore legal framework for dispute resolution
- Explain the key characteristics of various business forms for doing business and distinguish one form from the other
- Distinguish the type of ownership interests associated with each form for doing business
- Identify the key areas of law where valuation may be required, primarily in the context of disputes which arise in the relevant area of law
- Identify the main legal principles governing specific remedies for various causes of action which may affect how the issue of valuation should be considered
- Identify the legal obligations and potential liability that business valuers may be subject to in the course of their work
Module 3 – Valuation for Transactions
This module explores the applicable valuation standards used to conduct business valuation for transactions.
Upon completion of this module, you will be able to:
- Compare and contrast open market and notional valuation, share market and corporate valuation as well as public listed and private companies’ shares
- Implement International Valuation Standards and guidelines, including the International Private Equity Valuation (IPEV) and Intangible Assets valuation guidelines, used for the conduct of business valuation for transactions
- Implement various valuation approaches to the valuation of business and equity, covering in depth: the market, income and asset-based approaches, their relevant methodologies as well as the valuation parameters associated with them
- Identify the various technical and practical issues involved in the application of the various valuation approaches and methodologies, and the pros and cons of adopting such approaches and methodologies when conducting business valuation
- Identify the principles behind the valuation of public listed companies, understand its context, including securities and exchange regulations on business valuation carried out in the public domain
- Identify the principles behind the valuation of private companies, understand its context, including the types of discounts and premium and the circumstances that warrant their application
Module 4 – Valuation for Financial Reporting
This module examines key financial accounting and reporting issues related to the use of fair value measurement.
Upon completion of this module, you will be able to:
- Explain the definition of fair value in IFRS 13 for financial reporting purposes, and its differences with other bases of value in the International Valuation Standards (IVS)
- Identify and demonstrate the use of fair value measurement framework in IFRS 13 to financial and non-financial assets and liabilities
- Implement the acquisition method in the accounting for business combinations as per IFRS 3
- Implement common valuation methods to value various types of intangible assets
- Examine and implement the impairment testing process for assets including goodwill
- Identify the differences between fair value in IFRS 13 and other valuation bases used in financial reporting
- Identify the roles and responsibilities of a business valuer in a financial reporting environment, including considerations when engaged by an audit client or as part of an audit team
Capstone Module – Applied Valuation
This Capstone module applies a blend of theory and practice of all concepts covered from Module 1 to Module 4 and examines your understanding and appreciation of the complete valuation engagement.
Upon completion of this module, you will be able to:
- Understand how valuation is significantly affected by the structure of entities and business
- Understand how to determine the valuation of a company in different stage of life cycle
- Consider the valuation uniqueness of five specialized industry: (a) Technology, Media and Telecom; (b) Biotechnology; (c) Healthcare; (d) Resources and Renewables; and (e) Financial Services
- Consider valuation challenges posed by companies operating in emerging markets and how they impact their valuation
- Understand the impact of Environmental, Social and Governance (ESG) factors on valuation
- Consider the challenges and the impact on valuations arising from Black Swan situations
- Understand how to produce a valuation report in accordance with IVAS
Eligibility
CVA Programme Admission
To be eligible for the CVA Programme, you must meet the following requirement:
- Hold a bachelor’s degree or equivalent qualification in any field from a recognised institution
- Demonstrate proficiency in written and spoken English, including presentation skills
- Possess foundational knowledge of accounting and finance (recommended but not mandatory)
CVA Programme Application
Step 1
Apply for the CVA Programme
Complete your application as a CVA Programme candidate with ACRA – [www.acra.gov.sg]
Step 2
Register for Examinations
Once accepted into the CVA Programme, you will register directly with IVAS for module examinations. You will receive an email with instructions to register for module examinations.
LSBF Preparatory Courses for the CVA Examination
LSBF offers an optional preparatory course to help you prepare for your CVA Programme module examinations. This course provides structured learning support and is designed for candidates who prefer additional guidance.
Who Should Consider the LSBF Preparatory Course
The LSBF preparatory course is suitable for CVA Programme candidates who:
- Prefer guided instruction from experienced trainers
- Seek additional learning support in preparing for module examinations
Enrollment Requirements
Before enrolling in the LSBF preparatory course:
- You must successfully apply for the CVA Programme through IVAS
- It is recommended to register for your module examinations first to receive the official IVAS learning materials before starting the preparatory course
LSBF Preparatory Course Programme Faculty
Tan Wui-Hua
Associate Lecturer and Ex-CFO
Tan Wui-Hua is an accomplished finance leader and academic with over 30 years of international executive experience across the real estate and investment sectors. A former Chief Financial Officer, he has worked with Abu Dhabi government-linked entities, Middle Eastern family offices, and publicly listed companies across Singapore, Australia, and Myanmar.
An award-winning educator and recipient of the SUSS Excellence in Teaching Award, he teaches Finance, Statistics, and Capstone programs at leading institutions including SUSS, RMIT University, and the University of London. His academic and industry expertise enables him to bridge complex financial theory with real-world application.
He holds a Master of Business in Professional Accounting and is a Fellow of the Institute of Public Accountants, Australia.
Sidiki Kaba
MSc., FCCA, CMA (USA), CSCA
School of Business and Law & School of Professional Education
Mr. Sidiki Kaba is a distinguished finance professional and educator with over a decade of experience in corporate finance, assurance, and higher education. A Master’s graduate of the University of London, he holds globally recognized credentials including FCCA, CMA, and CSCA.
He specializes in corporate finance, financial management, and strategic business performance, combining deep industry expertise with academic excellence. Mr. Kaba has delivered leading professional programs such as CPA (US), CMA, ACCA, and CA Singapore, and has conducted executive training across Asia, shaping finance professionals and business leaders.
Fee Structure
| Module | Fees (INR) |
| Module 1 – Introductory Valuation | 78,200 + 18% GST |
| Module 2 – Law and Valuation | 78,200 + 18% GST |
| Module 3 – Valuation for Transactions | 78,200 + 18% GST |
| Module 4 – Valuation for Financial Reporting | 78,200 + 18% GST |
| Capstone Module – Applied Valuation | 1,61,000 + 18% GST |
