If you are planning to become a business valuation professional, then getting certified by the Business Certified Business Appraiser (BCBA) board is essential. The BCBA board certification is recognized globally and indicates that you have the knowledge and expertise needed to evaluate and determine the worth of a business accurately. Passing the BCBA exam requires thorough preparation, and in this article, we will provide you with a guide on how to pass the BCBA exam.
Exam Objectives:
- Understand the principles and methods of business valuation.
- Apply analytical techniques to assess the value of a business.
- Understand the legal and ethical considerations in business valuation.
- Develop a comprehensive report on a business valuation project.
The BCBA exam is intended for business valuation professionals who have experience in the field and are looking to earn a certification. The prerequisites for the exam include a minimum of five years of experience in business valuation, and a bachelor's degree or higher. Additionally, candidates must have completed 90 hours of qualifying coursework in business valuation or equivalent courses.
Related Books:
- Business Valuation: An Integrated Theory
- Valuing a Business, 5th Edition: The Analysis and Appraisal of Closely Held Companies
- The Comprehensive Guide to the Use and Application of the Transaction Databases
- Valuing Small Businesses and Professional Practices, 5th Edition
It is important to note that the BCBA exam is challenging, and requires a lot of preparation. Candidates must have a thorough understanding of the principles and methods of business valuation, as well as analytical techniques for assessing the value of a business. Additionally, candidates must be familiar with the legal and ethical considerations in business valuation, as well as be able to develop a comprehensive report on a business valuation project.
Exam Details:
The BCBA exam is administered by the Institute of Business Appraisers and is a four-hour exam consisting of 150 multiple-choice questions. The exam is delivered in a computer-based format and is available at testing centers throughout the United States and internationally. The exam fee is $1,000 for non-members of the Institute of Business Appraisers and $750 for members.
The passing score for the exam is 70%, and candidates will receive their scores immediately upon completing the exam. Candidates who do not pass the exam on their first attempt may retake the exam, but they must wait six months between attempts.
In conclusion, the BCBA board certification is essential for business valuation professionals, and passing the BCBA exam requires thorough preparation. Candidates must have a thorough understanding of the principles and methods of business valuation, as well as analytical techniques for assessing the value of a business. Additionally, candidates must be familiar with the legal and ethical considerations in business valuation, as well as be able to develop a comprehensive report on a business valuation project. With proper preparation and study, you can pass the BCBA exam and earn your certification.