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Last Updated: Oct 23, 2026

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NACVA AVA Exam Syllabus Topics:

SectionObjectives
Topic 1: Professional Standards and Ethics- Professional Standards
  • 1. Ethical Responsibilities
  • 2. Valuation Standards Compliance
Topic 2: Valuation Approaches and Methods- Asset Approach
  • 1. Adjusted Net Asset Method
  • 2. Asset-Based Valuation Techniques
- Income Approach
  • 1. Discounted Cash Flow Method
  • 2. Capitalization of Earnings Method
- Market Approach
  • 1. Transaction Method
  • 2. Guideline Public Company Method
Topic 3: Financial Statement Analysis- Financial Analysis
  • 1. Ratio and Trend Analysis
  • 2. Normalization Adjustments
Topic 4: Valuation Reporting- Report Development
  • 1. Business Valuation Report Preparation
  • 2. Documentation and Supporting Analysis
Topic 5: Business Valuation Theory- Fundamental Concepts
  • 1. Principles of Business Valuation
  • 2. Standards of Value
Topic 6: Cost of Capital and Risk Assessment- Capital Cost Estimation
  • 1. Risk Premium Models
  • 2. Weighted Average Cost of Capital
Topic 7: Special Valuation Topics- Applications
  • 1. Litigation and Tax Valuation
  • 2. Mergers, Acquisitions, and Financial Reporting
Topic 8: Discount and Premium Analysis- Ownership Adjustments
  • 1. Discount for Lack of Marketability
  • 2. Control Premium and Minority Discount
Topic 9: Economic and Industry Analysis- Environmental Analysis
  • 1. Macroeconomic Factors
  • 2. Industry and Market Analysis

Everything a NACVA Accredited Valuation Analyst - AVA Candidate Needs to Know

The NACVA Accredited Valuation Analyst - AVA blueprint is structured around these main domains:

  • Valuation Approaches and Methods
  • Business Valuation Theory
  • Valuation Reporting

Additional domains complete the official outline — our question bank spans the full set.

According to the latest exam information, the AVA exam contains 400 questions with a 300 minutes-minute limit. Since performance on the day matters as much as preparation, timed practice under these exact conditions is time well spent.

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By treating preparation and performance as one campaign. The AVA bank is rebuilt around every exam change — new key points and the latest question types compiled by our first-class experts, with expert-verified answers across the NACVA Accredited Valuation Analyst - AVA objectives — so what you practice matches what you will face. Behind the content stands our service idea: customers' benefits first. Professionally trained after-sale staff answer 24/7, updates stay free for 365 days, and a written refund policy protects your investment throughout.

NACVA specifies these prerequisites for the NACVA Accredited Valuation Analyst - AVA: Applicants are generally required to satisfy NACVA eligibility requirements, including relevant education and experience, submit references, and demonstrate applied experience through a case study or qualifying valuation report as specified by NACVA..

Verify the current requirements on the official certification page.

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