Participants from 30 banks and insurance companies and several consulting companies attended the Art & Science of Business Valuation conference last month at Addis Ababa University School of Business and Education auditorium. Robert Brackett, secretary general of the International Association of Certified Valuation Specialists (IACVS), and Lisa Guo, member service specialist at the IACVS, appeared at the event, which was organized by the Center for International Business Valuation (CfIBV) and the Florida Institute of Finance College (FIFC) along with several partnering institutions. Conference participants received a “Certificate of Completion” that adds six hours of professional development units (PDU) or continuing units (CU) toward certification requirements.
ICVS-A training: The IACVS Ethiopia Chapter will organize the first training event for the International Certified Valuation Specialist with Advanced Studies in Financial Instruments (ICVS-A) certification in Africa. The class combines both the basic and advanced sections of the ICVS certification. To qualify for the certification, students must attend the five-day training and pass: (1) a five-hour multiple-choice exam; and (2) a submission of a case valuation. For more information and to register for the training, which will be held April 6-10, send inquiries to info@cfibv.org.
The ICVS-A designation can be earned along with the initial ICVS or can be added to enhance a current ICVS credential. Business valuators with a credential such as the ICVS, ASA, ABV, CICBV, BCA, or CVA are eligible for the designation, which requires an understanding of valuation techniques for various financial instruments, ranging from basic securities to complex derivative constructs. The first live training was held in Orlando, Fla., on Dec. 16-18, 2019.
Upcoming conference: “Business Valuation in an Emerging Economy” is the theme of an event being organized by The International Conference on Interdisciplinary Research Studies (ICIRS). It will be held in Addis Ababa on August 1-3. A call for papers and registration information will be made available shortly.