NACVA CVA Exam : Certified Valuation Analyst (CVA)

  • Exam Code: CVA
  • Exam Name: Certified Valuation Analyst (CVA)
  • Updated: Aug 10, 2026
  • Q & A: 251 Questions and Answers

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NACVA CVA Exam Syllabus Topics:

TopicDetails
Topic 1
  • NACVA
  • GACVA Professional Responsibilities and Standards: This section of the exam measures skills of a Valuation Consultant and covers the professional scope, ethical principles, reporting obligations, and dispute-related responsibilities. Candidates must be aware of the standards that govern valuation work, the importance of independence, and the reporting structures required in various engagement contexts.
Topic 2
  • Cost of Capital Concepts and Methodology, and Other Pricing Models: This section of the exam measures the skills of a Financial Consultant and explains how to determine discount and capitalization rates using models like CAPM, build-up methods, and WACC. It also includes risk-related concepts and techniques such as leveraging and unlevering beta and adjusting risk rates for tax considerations.
Topic 3
  • Overview: This section of the exam measures skills of a Valuation Analyst and covers the core purposes of business valuation, including financial reporting, tax matters, disputes, and transactions. It also includes understanding different standards and premises of value, such as fair market value or liquidation value, and explains principles like time-based estimation and the impact of risk and control.
Topic 4
  • Quantitative Analysis: This section of the exam measures skills of a Financial Analyst and includes analyzing financial statements, applying adjustments, using statistics, and selecting appropriate benefit streams. Candidates must demonstrate the ability to interpret financial trends, normalize data, and apply quantitative tools to assess company performance.

Reference: http://www.nacva.com/content.asp?contentid=145

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Introduction to CVA Exam

CVA is an expert qualification given by the NACVA to business appraisal professionals with a business degree, with sufficient work experience in business appraisal, presenting references and commercial and personal recommendations. Full members of the NACVA and pass the five-hour multiple-choice CVA exam.

Selected applicants have the right to use the CVA designation with their name, which can improve job opportunities, professional reputation and/or salary. CVA professionals must undergo continuous professional training for 36 to 60 hours every three years.

CVA Certified Professional Salary

  • Europe:€11270
  • United States: $125,000
  • England: £96039
  • India:₹888046

What is the duration, language, and format of CVA Exam

Format: Multiple choices, multiple answers

  • Length of Examination: 2 hours
  • Language: English
  • Number of Questions: 251
  • Passing score: 300

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