It is strongly recommended to complete Level I – Introduction to Business Valuation and Level II – Intermediate Business Valuation, before registering for Valuation for Financial Reporting.
Accounting and valuation standards for financial reporting are constantly changing and increasingly complex. This course introduces valuation for financial reporting (VFR) concepts and the valuation of intangible assets. VFR continues and expands on this foundation with coverage of a number of the financial reporting-related standards and guidance, as well as related valuation issues.
This course does not require additional textbooks, aside from the course notes.
VFR includes:
- IFRS topics commonly encountered by valuators, with references to ASPE standards
- Purchase price allocation and the valuation of intangible assets
- Asset and goodwill impairment testing
- Valuation of investments and investment entities
- The role of the valuator in an audit or other VFR engagement
It is strongly recommended to complete Level I – Introduction to Business Valuation before registering for Corporate Finance.
When companies seek financing, they often turn to valuators to assist them in preparing for, structuring and evaluating financings. It is crucial for valuators to understand how to best serve their clients during these key business-developing stages.
This course does not require additional textbooks, aside from the course notes.
Corporate Finance includes:
- The components of a business plan and financing proposal
- Feasibility assessments of a private company’s financing options
Financing capacity and deal structuring considerations
Capital structure options and related valuation considerations
Ownership structures and voting rights considerations
Negotiation of and considerations involving debt products
Debt, equity, joint venture, project, and royalty financings
It is strongly recommended to complete Level I – Introduction to Business Valuation before registering for Mergers & Acquisitions.
Mergers & Acquisitions (M&A) is an area of specialized practice for CBVs. It requires that valuators understand M&A terminology, have an understanding of fundamental concepts in the field, and are aware of the issues that require specialized industry knowledge.
The purpose of this course is to provide candidates with a sound understanding of M&A from a buy-side perspective. It’s geared toward helping future CBVs advise clients, including corporate acquirers, private equity firms and other investors on acquisition strategy, valuation, transaction structuring and deal closing. Most of the content is applicable to sell-side M&A as well.
This course does not require additional textbooks, aside from the course notes.
Mergers & Acquisitions includes:
- An overview of the M&A landscape in Canada, the M&A process and various types of buyers and sellers
- Searching for acquisition targets, including setting acquisition criteria
- Target company analysis, including sources of information and assessing strategic fit
- Valuation and pricing from an M&A perspective, including synergy assessment
- The components of a letter of intent (LOI)
- Transaction structuring alternatives
- Confirmatory due diligence, including Quality of Earnings (QoE) reports
- Purchase agreements and shareholder agreements
- How private equity investors assess acquisition opportunities
- Take private transactions
- Infrastructure investments
It is strongly recommended to complete Level I – Introduction to Business Valuation and Level II – Intermediate Business Valuation, before registering for Litigation Support in Business Valuation.
In this course, Registered Students will apply the foundational skills and knowledge of valuation theory and methodology, as they learn about litigation matters involving the valuation of businesses and the quantification of economic losses. Upon completion of this course, Registered Students will have a sound understanding of the ways in which law and business valuation connect and interact, including the roles that CBVs can perform.
This course does not have additional required textbooks, aside from the course notes.
Litigation Support includes:
- The litigation engagement process
- The roles and rules of a CBV in expert witness testimony
- The quantification of economic losses in personal injury, motor vehicle, and wrongful death claims
- Valuation matters involved in matrimonial disputes, including the calculation of family property and income for support purposes
- The quantification of economic losses arising from disputes related to patents and other intellectual property
- The quantification of economic losses with respect to insurance claims, expropriation, and construction losses
- Claims under the Canada Business Corporations Act, including shareholder oppression and rights of minority shareholders and creditors