To be granted an exemption an individual must be first a Registered Student in the CBV Insitute Program of Studies.
Individuals who have passed the Level I, Level II and Level III exams of the Chartered Financial Analyst Program are exempt from the requirement to complete two elective courses.
Upon successful completion of the McGill courses noted below, students of McGill University’s School of Continuing Studies are eligible for exemption from the courses that form the Canadian Institute of Chartered Business Valuators’ Program of Studies. Such exemptions may be granted on a course-by-course basis upon their completion, or when McGill students have completed all six McGill courses and are applying to write the CBV Insitute’s Membership Qualification Exam.
The McGill courses which are eligible for exemption, and the equivalent CBV Insitute courses, are as follows:
|McGill Course – completed||McGill – Courses Code||CBV Institute Courses – exempt|
|Introductory Business Valuation||YCBS 230||Level 1 – Introductory Business Valuation|
|Intermediate Business Valuation||YCBS 231||Level 2 – Intermediate Business Valuation|
|Advance Business Valuation||YCBS 232||Level 3 – Advanced Business Valuation|
|Special Topics in Business Valuation||YCBS 233||Level 4 – Special Topics in Business Valuation|
|Litigation Support in Business Valuation||YCBS 234||Litigation Support in Business Valuation|
|Private Company Finance||YCBS 235||Corporate Finance|
|Introduction to Valuation for Financial Reporting||YCBS 236||Valuation For Financial Reporting|
Graduates from the University of Waterloo School of Accounting and Finance who have completed the ACC 606 – Business Valuations course as part of their Masters in Accounting degree are exempt from the Level I – Introductory Business Valuation and Level II – Intermediate Business Valuations courses in the Canadian Institute of Chartered Business Valuators’ Programme of Studies.
Students in the Strategic Business Valuation (SBV) specialization who successfully complete V700 (Strategic Business Valuation) and V704 (Advanced Strategic Business Valuation) may challenge CBV Institute exams for Levels I (Introductory Business Valuation) and II (Intermediate Business Valuation). If such students are successful, they will be exempt from Levels I and II. Students must successfully challenge these exams before the end of the third calendar year after completing V700 and V704
Individuals who have passed IIBV 101 – Introduction to Business Valuations and IIBV 102 – International Cost of Capital are exempt from Level I – Introductory Business Valuation.
Individuals who have passed IIBV 101 – Introduction to Business Valuations, IIBV 102 – International Cost of Capital and IIBV 103 – Business Valuation Comprehensive Case Study are exempt from Level I – Introductory Business Valuation and Level II – Intermediate Business Valuation.
ASA-BV designation holders are exempt from:
- Level I – Introductory Business Valuation;
- Level II – Intermediate Business Valuation; and
- Level III – Advanced Business Valuation.