Certified Valuation Analyst

CVA

NACVA Certified Valuation Analyst (CVA) is a professional certification exam. It covers domains such as Income Approach and Fundamental Analysis and Financial Statement Adjustments, plus Market Approach.

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What's Included

263
Practice Questions
1
Exam Versions
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Translation Beta
Jan 1, 1991
Release Date
Aug 11, 2025Last Updated

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263 CVA practice questions with detailed explanations

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Exam Details

Duration300 min
Passing ScoreCut score determined by psychometric analysis
LevelProfessional
TestingLive Classroom Locations
Valid ForOngoing with annual recertification
Release DateJan 1, 1991
Exam Cost$625

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What topics are on the NACVA Certified Valuation Analyst exam?

The NACVA Certified Valuation Analyst exam is organized into 9 domains. The highest‑weight domains are Income Approach and Fundamental Analysis and Financial Statement Adjustments.

Use the official exam objectives and guides below to confirm the latest version and topic coverage:

1

Fundamental Analysis and Financial Statement Adjustments 12%

1.1
Financial Statement Analysis
2 subtopics
1.1.1Normalization Adjustments
1.1.2Common-Size Financial Statements
Learning Objectives
  • Apply appropriate normalization adjustments to financial statements
  • Prepare and interpret common-size financial statements
  • Identify and quantify non-recurring items
Domain Hands-on Skills
Financial statement normalizationRatio calculation and interpretationTrend analysis
Common Mistakes to Avoid
  • Failing to identify all normalization adjustments
  • Incorrect treatment of non-recurring items
  • Misinterpreting financial ratios
2

Income Approach 14%

3

Market Approach 12%

4

Asset Approach 10%

5

Cost of Capital Concepts 12%

6

Discounts and Premiums 11%

7

Professional Standards 10%

8

Special Purpose Valuations 10%

9

Reconciliation and Report Writing 9%

How do I earn the NACVA Certified Valuation Analyst certification?

Official Pathway Guidance

Track: Business Valuation

Prerequisites

  • CPACertified Public AccountantOptional
    CPAs have streamlined qualification path
  • MBAMaster of Business AdministrationOptional
    MBA satisfies education requirement for non-CPAs

Next Steps

  • MAFFMaster Analyst in Financial Forensics
  • CMEACertified Merger & Acquisition Advisor

Alternative Paths

Certification Maintenance

  • Recertification Options:
    Complete 36 hours of CPE every three yearsMaintain NACVA membership in good standingPay annual dues and comply with ethics requirements

What should I study for the NACVA Certified Valuation Analyst exam?

Use the official resources and study materials below to prepare for the NACVA Certified Valuation Analyst.

Practice the Certified Valuation Analyst with our Exam Simulator

Free practice questions, exam guides, and real exam‑style explanations in our Planet Cert simulator.

Official Training

Business Valuation Certification and Training Center (BVTC)NACVACVA Exam Q&A Study GuideStudy Guide

Free Resources

NACVA FAQsCVA Candidate Handbook

What's changed on the NACVA Certified Valuation Analyst exam in 2026?

This section summarizes what’s changed for the NACVA Certified Valuation Analyst and the current exam status (ACTIVE).

Status: ACTIVE

Official Links & References

NACVA State of the Profession Report

Business Valuation Industry Outlook

IRS Business Valuation Guidelines

Technology Coverage

Valuation Data PlatformsVarious

Increased emphasis on data analytics and database usage

Released: 2024
Excel Valuation ModelsMicrosoft 365

Advanced Excel skills expected for financial modeling

Released: Ongoing

Industry Trends

Who should take the NACVA Certified Valuation Analyst exam?

Recommended experience for the NACVA Certified Valuation Analyst includes Two years or more of full-time experience in business valuation and related disciplines.

Required Prerequisites

  • For CPAs: Active, valid, and unrevoked CPA license
  • For Non-CPAs: Business degree (BA/BS) in management, economics, finance, marketing, accounting, or other business field OR MBA or higher business degree from accredited college/university

Recommended Experience

  • Two years or more of full-time experience in business valuation and related disciplines
  • OR performed 10 or more business valuations with significant role
  • Attendance at BVTC five-day training program (optional but recommended)

Experience Level: Intermediate

How much does the NACVA Certified Valuation Analyst cost?

The official exam fee for the NACVA Certified Valuation Analyst is $625 USD.

Exam Cost$625 USD
Scheduling Official exam scheduling page
Testing CentersLive Classroom Locations, Kryterion Testing Centers, Remote Proctored
Online ProctoringAvailable

How long is the NACVA Certified Valuation Analyst certification valid?

The NACVA Certified Valuation Analyst certification is typically valid for Ongoing with annual recertification (see renewal options below).

Valid ForOngoing with annual recertification
Recertification
  • 36 hours of continuing professional education (CPE) every three years
  • Annual membership dues payment
  • Adherence to NACVA Professional Standards and Code of Ethics

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