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7/28/2019 Post membership qualification by ICAI in Valuation
1/28
I C A I V i s i o n
R e c o g n iz e t h e c h a n g e s in E c o n o m y / B us i n e s sE n v i r o n m e n t s u c h a s f o c u s o n v a l u e , dynamicb u s i n e s s a n d o r g a n i z a t i o n s t r u c t u r e s ,d e ve lop m e n t s in I n f o r m a t i on Te c h n o l o g y andTe l e c o m m un i c a t i on , n e w G o v e r n m e n t p o l ic i e s ,g l o b a l i z a t i o n o f b u s i n e s s a n d c o m p e t i t i v e
pressures.
R e c o g n i z e t h e path t o s u c c e s s b y adapting t o t h ec h a n g e s , k n o w l e d g e m a n a g e m e n t and acq uir in gsk i lls t o w or k w ith f u t u r e e n v i r o n m e n t in f l u e n c e db y t e c h n o l o g i c a l and o t h e r c h a n g e s .
R e c o g n iz e t h e o p p o r t u n i t i e s f o r C h a r t e r e dA c c o u n t a n t s in th e emerging a r e a s s u c h a s n e wa u d i t a n d a s s u r a n c e n e e d s , p e r f o r m a n c e
m e a s u r e m e n t s e r v i c e s , m a n a g e m e n t s e r v i c e s ,s t r a t e g y m a n a g e m e n t , g e n er al p ra ct ic es p e c i a l i z a t i o n and servicing glob a l o r g a n i z a t i o n s .
R e c o g n iz e t h e Ins t i t u t e ' s r ole a s a proactive,i n n o v a t i v e and f lex ib le o r g a n i z a t i o n , in e q u i pp i ngC ha rtered A c c o un t a n t s w i t h t op quality e d uc a t i onand v a l u e s .
R e c o g n i z e t h e n e e d t o b e k n o w n a s W or ld C la ssAdvisor
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C o u r s e O b j e c t i v e
T h e c o m p le x it ie s i n b u s in e s s a r er i s in g i n t h e f a s t c h a n g in g f in a n c ia l
w o r l d t o d a y . I t i s b e c o m i n g
in c r e a s in g ly d if f ic u l t t o p r e d ic t t h e
f u tu r e , y e t f in a n c ia l d e c is i o n s o u g h t
t o b e t a k e n . T h e s o u n d n e s s o f
f in a n c ia l d e c is io n s i s c r i t ic a l t o t h e
s u c c e s s o f c o rp o ra ti o n s . T h e re fo re ,
e v e r y f in a n c ia l d e c i s io n i s te s te d i n
t e r m s o f v a l u e c r e a t i o n . T h e
v a lu a ti o n i s t h e e p i c e n te r o f f in a n c ia ld e c is io n - m a k in g .
T h e o v e r a ll g o a l o f th is c o u r s e i s t o
b u i l d s k i l l s and im p r o v e q u a l i ty &
c o n fi d e n c e o f t h e m e m b e r s i n
c a r r y i n g o u t v a lu a tio n a s s ig n m e n t
r e l e v a n t t o t o d a y 's b u s i n e s s . G i v e n
t h e c u r r e n t g l o b a l s c e n a ri o , i t h a s
b e c o m e e x tr e m e l y im p o r ta n t f o r u s t o
understand w h a t v a lu e means, m o res o a s v a lu e b e c o m e s p e r v a s iv e e v e n i n
a c c o u n t i n g w i t h t h e p o s s ib i l i ty o f
I F R S i m p l e m e n t a t i o n i n t h e
f o r e s e e a b l e f u tu r e .
T h i s c o u r s e p r o v i d e s a f r a m e w o r k f o r
b u s i n e s s v a lu a ti o n and g iv e s p r a c t i c a l
a d v ic e o n u s in g t h e f r a m e w o r k t o
v a lu e a b u s i n e s s . T h e c o u r s e i s
b a l a n c e d b e t w e e n l e c t u r e s ,
p r e s e n t a t i o n s , c a s e s , a n d
d i s s e r t a t i o n s . T h e fo c u s i s o n
i n t e g r a t i n g k e y a p p r o a c h e s a n d
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m e th o d s f ro m e a c h a r e a and a p p l y in g
t h e m t o r e a l w o r ld p r o b l e m s .
S t a r t i n g w i t h t h e b a s i c u n d e r -
standing about t h e t e rm Va l u e , t h e
c o u r s e r u n s t h r o u g h t h e k e y
a p p r o a c h e s o f v a lu a ti o n d i s c o v e r i n g
t h e u n d e r l y i n g a s s u m p t i o n s o f
v a r io u s m o d e l s , a s w e l l a s b e s t
p r a c ti c e s , and th e ir a p p li c a t i o n s i n
l i v e c a s e s . O n c e t h e o p e ra ti o n a l
k n o w l e d g e is g a in e d , i n t h e w id e r a n g e
o f v a lu a t i o n s to o ls , t h e s a m e i sa p p li e d t o c a s e s tu d i e s . T h i s i s a n
in t e n s iv e and c o m p r e h e n s iv e p a c k a g e
o f f a c e - t o - f a c e s e s s i o n s f a c i l i t a te d b y
e x p e r ie n c e d and r e n o w n e d f a c u lt i e s .
T h i s c o u r s e s e e k s t o e m p o w e r o u r
m e m b e r s a s le a d e r s i n g lo b a l s e r v ic e
marke t .
T h e o b je c ti v e o f t h e C o u r s e i s
T o e n a b l e t h e m e m b e r s t o g a in
acumen, e x p e r t i s e and in-depth
k n o w l e d g e i n p r o c e s s o f v a lu a ti o n
o f a l l k in d s i n c l u d in g :
B u s in e s s V a lu a tio n
S h a re V a lu a tio n
A s s e t V a lu a tio n
B r a n d V a lu a ti o n
G o o d w i l l V a lu a tio n
I P R V a lu a tio n
V a l u a t i o n o f o th e r
in t a n g ib l e s
V a lu a tio n o f markt o
marke t l o s s e s /p r o f i t s
D e r iv a t iv e s
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S e c u r i t i z e d i n s t r u m e n t s
i n c l u d i n g m o r t g a g e b a s e d
s e c u r it ie s
L i a b i l i t i e s Evaluation
E S O P /O p t i o n V a lu a tio n
V a l u a tion for f inancia l
reporting in terms of Indian
Accounting Standards ,
International Financial
Reporting Standards and US
GAAP including assessment
of fair value, Basel II r e q u i r e m e nt
s fo r B a n k i n gS e c to r .
A l l o th e r k in d o f s p e c i a li z e d
V aluations
T o e m p o w e r t h e m e m b e r s w i t h
t h e t e c h n i c a l s k i l l s a s w e l l a s
a n a l y ti c a l and d e c i s io n - m a k in g
d i s c r e t i o n i n t h e v a l u a t i o n
a s s ig n m e n t ;
T o p r o v id e t h o ro u g h k n o w l e d g e
o f t h e g lo b a l b e s t p r a c ti c e s a s
w e l l a s p r o c e d u r a l and
d o c u m e n t a ti o n a s p e c t s o f t h e
v a l u a t i o n a s s ig n m e n t ;
T o e n a b l e m e m b e r s t o c a r r y
o u t v a lu a t i o n a s s i g n m e n t s
u s in g a v a r ie t y o f t e c h n i q u e s
and e x p r e s s a n opinion o n t h e
v a lu a ti o n ;
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T o p r o v id e e x p e r t i s e o n t h e l e g a l
and r e g u la t o r y f r a m e w o r k o f t h e
v a lu a ti o n i n t h e c r o s s - b o r d e r /
d o m e s t i c t r a n s a c ti o n s ;
T o e n a b l e m e m b e r s t o act a s
r e g i s t e r e d a p p r o v e d v a l u e r s
p r o v i d i n g a d v i s o r y , fi n a n c i a l ,
c o n s u lt a n c y s e r v i c e s i n terms o f
v a lu a ti o n .
Apart from giving a comprehensive
theoretical grounding, this course
is designed to strengthen theexpertise and excellence of our
members through multiple case
studies across the industry and
service sectors like
pharmaceuticals, retail,
manufacturing, banking, insurance,
mining, infrastructure, private
equity valuation, real estate and
cross-border transactions.
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Pa r t i c u l a r s Pa g e N o .
R eg i s ter i n g for th e C o u rs e 1 -2
C o u rs e C o n ten ts 3 - 1 0
Frequently A ske d Q ue s t i ons 1 1 - 1 6
R eg i s tra t i o n Form 1 7 - 1 9
C on ta ct D eta i ls 2 1 - 4 2
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R e g i s t e r i n g f o r t h e C o u r s e
W h o is E ligib le ?
M e m b e r s o f t h e IC A I and s tu d e n ts
w h o h a v e c le a r e d th e ir C A f i n a l
examination.
H o w to Register?
C a n d i d a t e s h a v e t o fi l l i n t h e
R e g is tr a tio n Form a v a i l a b le h e r e in o r
a t t h e w e b s it e o f t h e In s t i t u t e and
submit t h e c o m p le te d fo rm b ym a i l f o r t h e p u r p o s e o f r e g i s t r a t i o n
w i t h o u t a n y f e e .
W h en to Register?
Please refer to our
Fees will be paid on the spot on the
commencement of the course at the
venue itself.
W e b s i t e : h t tp : / / w w w . i c a i - o r g /p o s t . h tm l ?
p o s t_ i d = 3 4 2 8 & c _ i d = 2 6 6 )
F e e S t r u c t u r e
At p rese n t , the f ee p a y a b l e is :
(a ) R eg i s tra t i o n F e e
R s . 2 5 0 0 0 /- ( R u p e e s T w e n ty f iv e
th o u s a n d o n ly ) in c lu d in g t h e
f e e s / p r ic e f o r b o o k s and f i r s t
e v a lu a t i o n f e e . F o r D e lh i , M u m b a i ,
C h e n n a i a n d K o l k a t a .
R s . 2 0 0 0 0 /- ( R u p e e s T w e n ty
th o u s a n d o n ly ) in c lu d in g t h e
f e e s / p r ic e f o r b o o k s and f i r s t
e v a lu a t io n f e e . F o r o th e r c it ie s .
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1
1
1
(b ) E xa m ina t ion F e e
N i l f o r t h e F i r s t Evaluation
and thereafter R s . 1 0 0 0 /-
e a c h t i m e i f a c a n d i d a te i sr e q u ir e d t o r e - a p p e a r fo r
a n y s u b s e q u e n t Evaluation Test.
1
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N ote :
P l e a s e n o te t h a t R e g is tr a tio n f e e o n c e
p a id i s n o n -r e fu n d a b le under a n y
c ir c u m s ta n c e s and t h e In s t i tu t e w i l l
n o t e n te rt a in a n y c o r r e s p o n d e n c e i n
th is r e g a r d .
Pa y m e n t f o r t h e C o u r s e c a n b e m a d e
i n f a v o u r o f T h e S e c r e t a r y ,
I n s t i t u t e o f C h a r te re d
Accountants o f India on the spot by
cheque payable at par or demand
draft.
A d dr ess for Correspondence
Corporate Laws & Corporate
Governance Committee Secretariat
4th, Floor, Administrative Block,
The Institute of Chartered
Accountants of India
ICAI Bhawan, Plot A-29, Sector 62,
NOIDA 201309,
Dist: Gautam Budh Nagar
UTTAR PRADESH
2
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C o u r s e C o n t e n t s
T h e C o u r s e o n V a lu a tio n s h a ll b e
c o m p r i s e d o f t h e f o l l o w i n g f o u r
m o d u le s
Module 1 - O v e r v i e w o f V a lu a tio n
Module 2 - V a lu a tio n T e c h n iq u e s
Module 3 - C o rp o ra te L a w s &
Income T a x
Im p lic a tio n s
Module 4 - A p p l i c a t i o n o f
V a lu a tio n
T e c h n iq u e s & P r o je c t
Pr e s e n ta ti o n .
D e ta il e d C o u rs e C o n te n ts
Module 1
Overview o f Va l u a t i o n
Part-1Introducing valuation
W h a t i s v a lu e
D if fe re n t ia te p r ic e and v a lu e
Who v a lu e s b u s i n e s s e s
P u r p o s e and r o l e o f a v a lu a tio n
P r in c ip le s o f v a lu a tio n
D e f in i t i o n o f S ta n d a rd o f v a lu e
( b a s is o f v a lu a t i o n )
F a i r M a rk e t v a lu e
F a i r v a lu eIn v e s tm e n t v a lu e
In t r in s ic v a lu e
P r e m is e o f v a lu e
Going c o n c e r n
Liquidation
V a lu a tio n m y t h s
V a lu a tio n p r o c e s s
3
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V a l u a ti o n S ta n d a r d s
E th i c a l I s s u e s
T e rm s o f Engagement
(T O E )
V a lu a tio n S e r v i c e s
D o c u m e n ta ti o nV a lu a tio n R e p o rt
A s s u m p t i o n s & L im i t i n g
Conditions
R e p o r t in g G u id e l in e s
Using w o r k o f Expert
D r a f t in g t h e V a lu a ti o n
R e p o r t
S u b s e q u e n t Events
Pa r t 2
Va l u a t i o n Analysis
R e s e a r c h t e c h n i q u e s andplanning
E c o n o m y and in d u s tr y r e s e a r c h
Historical a n a l y s is
U n d e rs t a n d in g t h e b u s in e s s
U n d e rs t a n d in g t h e
R e g u l a to r y f r a m e w o r k f o r
t h e in d u s tr y
U n d e r s t a n d in g t h e v a lu e
d r iv e r s
A c c o u n t in g a n a l y s i s
A c c o u n t i n g p o lic y r e v ie w
L e n g th o f f in a n c ia l h is to r y
A d j u s tm e n ts t o f in a n c ia l
s ta t e m e n ts
A s s e ts and l i a b i l i t y a n a ly s i s
in c lu d i n g c o n t i n g e n t a s s e t s
and l i a b i l i t i e s
Income and e x p e n s e s
a n a ly s i s
F i n a n c ia l a n a l y s is
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Ratio a n a ly s is
Cash f l o w a n a ly s is
S tr a t e g y a n a l y s i sM i c h a e l Po r te r ' s F i v e F o r c e s
S W O T
P E S T
B C G matrix
G E /M c K in s e y matrix
ADL matrix
C o re c o m p e t e n c i e s
C o m p a n y r is k a n a ly s is
P r o s p e c t i v e a n a l y s i s
f o r e c a s t i n gT e c h n iq u e s and e le m e n ts o f
f o r e c a s t i n g
D u Po n t m o d e l and
l im i t a t io n
S e n s it iv i ty a n a l y s is
S c e n a ri o a n a l y s is
S im u l a t i o n
R e g r e s s io n a n a l y s i s
T im e s e r ie s m o d e l
S tr e s s testing
O t h e rs
F in a n c ia l p ro je c tio n m o d e l in g
T y p e s o f D u e d i l ig e n c e
Effect o f d u e d il i g e n c e o n
v a lu a ti o n
Part-1
Module 2
Va lu a t i o n Techn i q ue s
Valuation Approaches
D i s c o u n te d c a s h f lo w (D C F )
a p p r o a c h
E n te rp ri s e v a lu e
Equity v a lu e
A d j u s t e d p r e s e n t v a lu e
(A P V )
R e l a t i v e v a l u a ti o n a p p r o a c h
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P r ic e t o e q u i t y ( P E R ) andP E G
P r ic e t o b o o k
P r ic e t o s a le s
P r ic e t o c a s h f lo w
E n t e rp r is e v a lu e t o
E B IT D A
Income a p p r o a c h
E a rn in g c a p it a li z a ti o n
E V A (E c o n o m i c V a lu e
a d d e d )
A s s e t A p p r o a c h
R e a l option a p p r o a c h o r
c o n ti n g e n t c la im a p p r o a c h
Selection o f v a lu a ti o n a p p r o a c h
A s s ig n in g W e ig h t t o A p p r o a c h e s
T h e o r y and P r a c ti c e
Mathematical v e r s u s
S u b je c t i v e W e ig h ti n g
V a lu a tio n o f O p ti o n s
G e n e r a l P r in c ip le s o f O p t i o n
V a lu a tio n
S p e c i f ic method f o r Va lu in g
O p ti o n s
Binomial t r e e method
B S O P M
B l a c k & S c h o l e s v a lu a ti o n
M e th o d o l o g y
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Part-2
Cost of capital
Characteristics of cost ofcapital
R i s k and c o s t o f c a p it a l
M e th o d s o f D e v e l o p m e n t o f
c o s t o f c a p it a l
C A P M (C a p it a l A s s e t
P r ic in g M o d e l)
A P T ( A r b it r a g e P r i c in g
T h e o r y )
D D M ( D i v id e n d D i s c o u n t
M o d e l)D e v e l o p m e n t o f W ACC
Fa c to rs a f f e c t in g c o s t o f
c a p it a l
T h e o r y o f M o d i g l i a n i - M i l l e r
Im p a c t o f F i n a n c ia l L e v e r a g e
o n C o s t o f C a p it a l
F o r e c a s t i n g o f in t e re s t ra t e s
and th e o rie s o f in t e re s t ra te s
A d ju s tin g v a lu e th r o u g h
d is c o u n ts and p re m iu m s
C o n tro l p re m iu m
L O C D ( la c k o f control
d is c o u n t)
L O M D ( la c k o f
marke t a b i l i t y d is c o u n t)
O t h e r p re m iu m s and
d is c o u n ts
B u s in e s s d a m a g e s v s . B u s in e s s
v a lu a ti o n
V a lu a tio n i n s p e c ia l s itu a t io n s ;
1 . V a lu a tio n o f u n lis t e d s h a r e s
2 . V a lu a tio n o f d is t r e s s e d
c o m p a n y
3 . V a lu a tio n o f e a r ly s ta g e
c o m p a n y
4 . V a lu a tio n i n M & A
5 . V a lu a tio n i n b u y - s e ll
a g re e m e n t
6 . V a lu a tio n o f In v e s tm e n t
C o m p a n y
7 . V a lu a tio n o f In t a n g ib l e s
8 . V a lu a tio n f o r f in a n c ia l
re p o rti n g under IF R S
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9 . V a lu a tio n o f r e a l a s s e ts and
r e a l e s ta t e
1 0 . V a lu a tio n f o r c r o s s b o r d e r
m e r g e r s
1 1 . V a lu a tio n o f b o n d s , w a r r a n t sand c o n v e r t i b le s
Module 3
C o r p o r a t e L a w s & I n c o m e Ta x
i m p l i c a t i o n s
Part-1
Corporate Laws Aspects
M e r g e r s and A m a lg a m a ti o n s
D e - M e r g e r s
A c q u is i t io n s / d i s p o s a l o fb u s i n e s s / s lu m p s a l e
Liquidation
In t e r n a l & E x te r n a l
R estructuring
Legal aspects including
litigation and c o n ti n g e n c ie s
V A T and o th e r in d ir e c t
t a x e s
F in a n c i a l in s tr u m e n ts
Equity in v e s tm e n ts
Pre f e re n ti a l s h a r e sC r o s s B o r d e r T a x a ti o n I s s u e s
Implication o f S ta m p D u ty
R e g u la t o r y o v e r v i e w
R e g u la t i n g V a l u e r s /V a lu a t io n
P r o f e s s io n a l s
S E B I re g u la ti o n s in c lu d in g
T a k e o v e r C o d e
C a p it a l M a rk e t Controls
R e s e r v e B a n k R e g u l a ti o n s
Part-2
Income Tax implications
C a p it a l g a in s / l o s s e s under
t a x tr e a tm e n t
T a x a ti o n o n transfer o f
b u s in e s s / s e c u r i t i e s
T r e a t m e n t o f b u s i n e s s l o s s e s
S ta tu to ry V a lu a tio n
W ealth T a x
C a rr y f o r w a r d o f l o s s e s
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L o s s e s o f c lo s e ly
h e ld c o m p a n i e sT r a n s fe r p r i c in gi s s u e s
E S O P
Module 4
A pp l i ca t i o n o f v a l u a t i o n
tec h niq ues & Pr o j e c t
Pres e n ta t i o n
M u l t i p le c a s e s tu d i e s a c r o s s
in d u s tr i e s /s e c to r s l i k e
P h a r m a c e u ti c a l, R e ta i l ,
M a n u f a c t u ri n g , B a n k in g ,
In s u r a n c e , A v ia ti o n , M in in g ,
In f r a s t r u c t u re , p r iv a te e q u i ty
v a lu a ti o n , r e a l e s ta te etc.
Evaluation o f P r o je c t th r o u g h
Dissertation and/or v iv a -
v o ic e /p r e s e n ta t io n
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F r e q u e n t l y A s k e d Q u e s t i o n s ( F A Q s )
C erti f ic ate C ou rse o n Va l u a t i o n
1 . W h o is elig ib le to jo i n t h i s
Course?
A l l t h e m e m b e r s w o u ld b e
e l i g ib le t o jo in t h e C o u r s e . T h e
s tu d e n ts w h o h a v e c le a r e d th e ir
C A . f in a l e x a m i n a ti o n c a n a ls o
j o i n t h e c o u r s e . T h e
C o m m i tt e e r e s e r v e s t h e ri g h t
t o p e r m i t o t h e r s i n c l u d i n g
Government o f f ic i a ls t o jo in
th is c o u r s e o n t h e terms &
c o n d it io n s th a t i t m a y d e c id e .
2 . W h e r e t h i s C o u rs e w i l l b e
l a u n c h e d ?
T h is c o u r s e w i l l b e l a u n c h e d a t
N e w D e lh i Mumbai, K olkata,
C h e n n a i , H y d e r a b a d , P u n e ,
A h m a d a b a d and i n o th e r c i t i e s
a s m a y b e d e c i d e d b y t h e
C o m m i tt e e .
3 . W h e n w i l l t h e C l a s s e s
C om m en ce ?
The C o m m i t te e reserves
t h e right t o f ix d a te s for
commencement, keeping i n
m i n d t h e n u m b e r o f
R e g i s t r a t i o n s a n d o t h e r
f a c to r s .
4 . W h e r e w ill th e c l a s s e s b e
co n d uc ted ?
T h e C o m m it te e w i l l a n n o u n c e
t h e v e n u e a t t h e t i m e o f
confirmation o f R e g is tr a tio n
o r a t l e a s t 7 d a y s b e f o r e t h e
c o m m e n c e m e n t o f t h e c o u r s e .
5 . W h a t w ill b e th e d ura t i o n o f
th e classes?
C l a s s e s will generally be held
f r o m 10:00 A.M . t o 0 5 :0 0
P
. M . onw e e k e n d s S a tu r d a y s / S u n d a y s .
H o w e v e r, t h e C o m m i tt e e
r e s e r v e s th e r i g h t t o r e -
s c h e d u l e t h e p ro g ra m m e as
wellastimings f o r a n y c e n tr e o r a l l
t h e c e n te r s .
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6 . Whether th e p a r t i c ip a n t s ,
w h o a r e r e g is te r e d a t o n e
c e n t r e , w i ll b e allowed to
j o i n c l a s s e s a t a n o t h e r
centre?
T h e p a rti c ip a n ts r e g is t e r e d a t
o n e c e n tr e w i l l b e a llo w e d t o
a tt e n d t h e c l a s s e s a t a n o th e r
c e n tr e i f t h e c o r r e s p o n d i n g
c l a s s e s a r e g o in g o n a t t h a t
o th e r centre.
7 . W h a t w ill b e th e d ura t i o n o f
th e Course?
T h e d u r a ti o n o f t h e c o u r s e w i l l
b e 3 0 0 H o u rs c o m p r is in g o f :
SelfS tu d y - 2 0 0 hours
C l a s s ro o m te a c h in g - 5 0
hours
C a s e S t u d y i n Groups
and p r o je c t p re p a r a tio n -
5 0 hours
8 . W h a t w ill b e th e Overall
S c h e m e for th e C er t i f i ca te
C o u rs e o n Va l u a t i o n ?
T h e c a n d i d a t e s r e g i s t e r e d f o r
t h e C o u r s e w i l l h a v e t o a tt e n d
t h e c l a s s e s o n
S a t u r d a y s / S u n d a y s .
A c a n d i d a te w i l l h a v e t o a t t e n da m i n im u m o f 4 5 hours o f
c l a s s e s f a i l in g w h ic h , h e w i l l n o t
b e e n t i t l e d t o a p p e a r i n
e v a l u a t i o n te s t . H o w e v e r, t h e
C o m m i t t e e m a y , a t i t s
d is c re ti o n , a l lo w t h e c a n d i d a te
t o a p p e a r i n t h e n e x t s e s s i o n ,
( n o t a s a right), b u t s u b je c t t o
s u c h terms & c o n d it io n s a s i t
m a y d e e m f i t t o e n f o r c e
T h e c a n d i d a t e s w i l l b e r e q u i r e d
t o d e v o te t i m e t o t h e s e lf - s tu d y
and c a s e s tu d y g iv e n t o t h e m .
Participants w i l l b e g r o u p e d
( w i th n o t m o re t h a n 5 c o u r s e
p a r ti c ip a n ts i n o n e g r o u p ) f o r
p r e p a r in g t h e c a s e s tu d y and
p r o je c t report. T h e y w i l l b e
r e q u ir e d t o d e v o t e s p e c i f i e d
n u m b e r o f hours ( s e e C o u r s e
d u r a ti o n a t 7 a b o v e ) t o Self-
st
u d y a n d c a s e st
u d y fo ra p p e a r i n g a t t h e Evaluation
Test.
T h e y w i l l b e e x p e c te d t o p r e p a r e
c o m p r e h e n s i v e p r o j e c t c a s e
s tu d ie s and submit t h e m t o o u r
e v a l u a t i o n t e a m f o r a p p ro p ri a te
m a r k s a l l o c a t i o n t o b e
c o n s i d e r e d a s p a rt o f t h e o v e r a ll
e v a lu a t i o n p r o c e s s .
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9 . W h a t w ill b e th e C o u rs e
fe e for t h i s C er t i f i ca te
C o u rs e o n Va l u a t i o n ?
T o ta l a m o u n t to b e p a id f o r
th is C e r t i f i c a t e C o u r s e o n
V a lu a ti o n i s R s . 2 5 0 0 0 / -
( R u p e e s T w e n t y f i v e
t h o u s a n d o n l y ) f o r
D e lh i , M u m b a i , C h e n n a i
a n d K o lk a ta T h i s a m o u n ti s i n c l u s i v e o f
f e e /p r i c e o f reference
book and f i r s t e v a lu a t i o n f e e
p a y a b le a t t h e t i m e o fR egistration.
T o ta l a m o u n t to b e p a id f o r
th is C e r t i f i c a t e C o u r s e o n
V a lu a ti o n i s R s . 2 0 0 0 0 / -
( R u p e e s T w e n t y
t h o u s a n d o n l y ) for other cities.T
h i s a m o u n t i s i n c l u s i v e o f
f e e /p r i c e o freference book
and f i r s t e v a l u a t i o n f e ep a y a b le a t t h e t i m e o f
R egistration.
1 0 . W h a t w i l l b e t h e
E v a l u a t i o n process?
P a r t i c i p a n t s w h o h a v e s
u c c e s s f u l l y c o m p l e t e d
C o u rs e m o d u le s a r e e l i g ib le t o
a p p e a r a t t h e EvaluationTest. A Board of E v a l u a t o rs
w i l l e x a m i n e and e v a lu a te t h e
p r e s e n ta ti o n , d is s e rt a tio n and
R e p o r t o f t h e C a s e s t u d y
a llo tt e d t o t h e g r o u p o f
participants. E a c h p a r tici p a n to f t h e g r o u p w i l l a l s o b e
e v a l u a te d
i n d i v i d u a l l y . A d e q u a t e
c o n s id e ra t io n i n i n d i v i d u a l
e v a l u a t i o n w i l l b e g i v e n t o
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t h e performance, conduct and
t h e quality o f t h e o u t c o m e
o f t h e g r o u p t a s k . A c tu a l
marks s e c u r e d w i l l n o t b e
d is c lo s e d t o t h e
p a r t i c i p a n t s a n d
O n l yS u c c e s s f u l c a n d i d a te s ' name
w i l l b e d e c l a r e d . I n c a s e a
c a n d id a t e h a s t o r e - a p p e a r
f o r evaluation, a s s e s s m e n t
shall be done on
i n d i v i d u a l b a s is o n ly and
s u c h a participant m a y n o t
b e a llo w e d t o jo in a n o th e r
g r o u p f o r c a s e s tu d y
p u r p o s e .
1 1 . W h a t w ill b e th e
Perio d ic i ty o f
E x a m in a t i o n s ?T h e Commit tee reserves the
ri g h t t o decide periodicity ofexaminations.
1 2 . W h a t w ill b e th e
E ligib i lity to q ua l i f y forth e e v a l u a t i o n t e s t ?
T h e C o m m i t t e e r e s e r v e s
t h e r i g h t t o fo rm u la te t h e
criterion f o r t h e a s s e s s m e n t
o f q u a l it y , le v e l o f k n o w l e d g e
and e x p e r t i s e o f t h e
p a r ti c ip a n ts and its e v a l u
a t i o n b y B o a r d
o f E v a lu a to r s . T h e
p r o je c t re p o rt s p r e p a r e d a s
c a s e s tu d y w i l l b e h a v i n gm a x i m u m e v a l u a t i o n l e v e l
o f 1 0 0 and t h e
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W r i t t e n o b j e c ti v e cum w r i t e u p
t e s t will a l s o h a v e e v a l u a ti o n
l e v e l o f 1 0 0 . E x i s t i n g
e x p e r i e n c e w i l l a l s o b e
c o n s i d e r e d a s a n im p o rt a n t
p a r a m e te r. Participants a r e
e n c o u r a g e d t o s h a r e t h e i r
a c tu a l r e a l t i m e v a l u a t io n c a s e
s tu d ie s a fte r obtaining consent
o f th e ir c li e n ts , w h e r e n e e d e d .
C a s e S tu d ie s o n n o name b a s is
w i l l also be acceptable. T h e
d a t a b a s e o f c a s e s tu d ie s w i l l b e
a v a i la b le t o t h e
V a l u e r s G u i ld t h r o u g h w e b - a c c e s s i n d u e
c o u r s e o f t i m e .
1 3 . I s there any l imit on the
number o f at te m pts for th e
e v a l u a t i o n t e s t ?
There w i l l b e n o l i m i t o n t h e
n u m b e r o f a tt e m p ts f o r t h e
e v a l u a t i o n t e s t . T h e
r e a p p e a r a n c e f e e f o r e a c ha tt e m p t w i l l b e R s . 1 0 0 0 / - . T h e
c a n d id a te w i l l b e a ll o w e d t o r e -
a p p e a r for the evaluation test o n ly
after six months of the
p r e v i o u s a t t e m p t .
T h e case study marks will be
c a r r i e d f o r w a rd f o r c a lc u la t i n g
p a s s marks.
1 4 . H o w many participants w ill
b e a d m itte d a t each Centre?
A batch w i l l h a v e a m i n im u m4 0 p a r ti c ip a n ts and a m a x im u m
o f 1 0 0 participants.
1 5 . W h e t h e r B a c k g r o u n d
M ater ia l w ou ld b e pro v id ed
to th e participants?
A l i s t o f R e f e r e n c e b o o k s w o u ld
b e p r o v id e d t o t h e participants,
w h ic h the p a rt ic ip a n ts w i l l b e
e x p e c te d t o s tu d y f o r d e e p e runderstanding o f t h e c o n c e p ts .
A l l t h e s e b o o k s a r e a v a i l a b le i n
t h e C e n tr a l C o u n c il L ib ra r y ,
In s t i t u t e Head Quarter, and
New D e lh i and a t t h e
R e g io n a l C o u n c il L i b r a r y a t
Mumbai, C h e n n a i , K o lk a t a a n d
P u n e .
Participants a r e e x p e c te d t o d o
e x te n s i v e self study for which,
either b e f o r e and/or d u ri n g t h e
s e s s i o n s , B o o k s w o u ld b e
p r o v i d e d t o t h e c a n d i d a t e s t o
s u p p o rt t h e le a rn in g p r o c e s s .
I t m a y b e c l e a r l y u n d e r s t
o o d t h a t v a lu a tio n i s a
h ig h e n d e d and p r a c t i c a l
a r e a o f t e c h n i c a l
e x p e r ti s e and i s c o n ti n u o u s l y
e v o lv i n g i n t h e e v e r c h a n g in g
e c o n o m i c s c e n a r i o . N o
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r e f e r e n c e b o o k o r b a c k g r o u n d
m a t e r i a l c a n p r o v i d e s u c h
c o m p r e h e n s i v e p r a c t i c a l
k n o w l e d g e w h i c h w o u l d b e
in c u l c a te d i n t h e p a r ti c ip a n ts
t h r o u g h t h e e x p e r t f a c u l t y ,
g r o u p b a s e d l e a r n i n g ,
i n t e r a c t i o n a m o n g s t
participants, l i v e c a s e s tu d y .
1 6 . Whether a C erti f ic ate w i l l b e
g i v e n on completion of the
Course?
O n successful completion
of t h e C o u r s e , a c e r t i f ic a te w i l l
b e a w a r d e d t o t h e participants.
1 7 . W ho w i l l b e th e faculty for
t h i s course?
E m i n e n t C h a r t e r e d
A c c o u n t a n t s a n d o t h e r
p r o f e s s i o n a l s i n p r a c ti c e and
i n d u st
r y , e m i n e nt
a c a d e m i c i a n s fr o m I I T ,
U n i v e r s i t i e s a n d t o p
m a n a g e m e n t i n s t i t u t i o n s
in c lu d i n g I I M s w i l l b e in v i t e d
t o le c tu re and in t e ra c t w i t h t h e
participants.
1 8 . I s a s e n i o r m em b er o f th e
p ro fe s s i o n h av i n g expertise
in v a lua t i o n , ex em p ted fro m
th e C la s s e s ?
V e r y s e n io r m e m be r s o f
the p r o f e s s io n w h o h a v e
a l r e a d y e s t a b li s h e d their
excellence in v a lu a tio n e x e r c is e
m a y s e n d c o p ie s o f a t l e a s t 1 0
v a lu a ti o n s
(W ith o u t d is c lo s in g t h e
id e n tit y o f c l i e n t s /e n t i t i e s )
o f g o o d q u a l i t y t o
t h e E v a l u a t i o nDirectorate, who may , at its
d is c re ti o n , f u l l y o r p a r ti a ll y
e x e m p t t h e m f r o m c l a s s r o o m
s t u d y . T h e d e c i s i o n o f
Evaluation Directorate s h a l l b e
fi n a l i n th is r e g a r d .
1 9 . H ow th i s course w i l l he l p th e
candidates?
Me m b e r s c o m p l e t i n g t h ec o u r s e w i l l i m m e n s e l y b e
b e n e f i t e d ou t of the
course , w h i l e implementing fair
value c o n c e p t i n fo rm i n g a n
opinion o n f in a n c ia l
a c c o u n ts under IF R S . T h i s
c o u r s e w i l l p r o v i d e a n in-depth
and c o m p r e h e n s iv e k n o w l e d g e
o f th e o re ti c a l a s w e l l a s
p r a c t i c a l a s p e c ts o f v a l u a t io n a t
n a ti o n a l and i n te rn a ti o n a l
le v e l .
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2 0 . K e y a r e a s o f V a l u a t i o n
Mentioned herein a r e certain
k e y a r e a s w h e r e v a l u a ti o n p la y sa k e y r o l e and q u a lif ie d v a l u e r s
w h o u n d e rg o th is c o u r s e a r e
e x p e c te d t o act a s e x p e r t s f o r
i s s u i n g a n i n d e p e n d e n t
v a lu a ti o n report. M e m b e r s i n
t h e i n d u s t r y c a n u t i l iz e
t h e s e t e c h n iq u e f o r in t e rn a l
d e c is io n making.
i ) S e l l - s id e and b u y - s i d e
mandate
i i ) Going p u b li c - I P O
i i i ) Going p r i v a te - L B O and
M B O
i v ) C o rp o ra te r e s tr u c tu r in g
and t u rn a ro u n d
v ) S e c u r e d l e n d i n g
in c lu d i n g p r o je c t f in a n c e
v i ) S e c u r it iz a ti o n
v i i ) I m p l e m e n t a t i o n o f
B a s e l I I
v i i i ) F in a n c ia l D e r i v a ti v e s
i x ) Po r t fo l i o m a n a g e m e n t-
Mu t u a l fu n d , H e d g e
f u n d s and p r o f e s s io n a l
i n v e s t o r s
x ) L o n g t e rm and m e d iu m
t e r m i n v e s t m e n t
d e c is i o n s - M& A , ta k e o v ers ,
s t r a t e g i c i n v e s t m e n t s ,
fi n a n c i a l i n v e s t m e n tin c lu d i n g e x it
( d i s i n v e s t m e n t )v a l u a t i o n , c a p i t a l
b u d g e ti n g , p r iv a te e q u i t y
i n v e s t m e n t , v e n t u r e
c a p i t a l i n v e s t m e n t s ,
b u y b a c k o f s h a r e s and
others
x i ) P r o fi t a n d d i v i d e n d
distribution d e c i s io n .
x i i ) B o r r o w i n g d e c is io n s
x i i i ) F i n a n c i a l r i s k
management d e c is io n s
x iv ) C o u r t c a s e r e l a t e dv a lu a ti o n
x v ) T a x r e l a te d v a lu a ti o n
x v i) D e v e l o p m e n t p r o j e c t s
v a lu a ti o n
x v i i ) In t a n g ib l e s
x v i i i ) F in a n c ia l r e p o rt in g
v a lu a ti o n
x ix ) Equity r e s e a r c h a r e a
x x ) I n s u r a n c e p r o d u c tv a lu a ti o n
x x i) E s t a t e a n d p e r s o n a l
f in a n c ia l planning
x x i i ) C o rp o ra te planning
x x i i i ) P r o p e r t y v a l u a ti o n
x x iv ) V a lu e b a s e d p e r f o rm a n c e
measurement
x x v ) Credit ra t in g
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7
T H E IN S T IT U T E O F C H A R T E R E D A C C O U N T A N T S O F IN D IA
C E R T IF IC A T E C O U R S E O N V A L U A T IO N
R e g is tr a tio n F o rm
1 ) F u l l N a m e in b lo ck le tt e rs (a s p e r In stit u te re co rd s)
Firs t Name
Midd le Name
Surname
Fathers/Husbands Name:2 ) G e n d e r (put mark)
M a le Fem ale
3 ) M e m b e r D e ta ils :
a ) Membe rsh ip Numbe r
b) Membersh ip sta tus (put mark)
A ff ix re ce ntpassport s ized
photograph
AC A FCA
c) Pract ice/Industry/others d) Any other Qua l i f ica tions
4 ) P ro fe ss io n a l D e ta ils :
a ) D e s ig n a t io n
b ) O rg a n i za t io n
c) A d d re ss
d ) N a tu re o f D u ti e s
e ) E x p e rie n ce in V a lu a tio n
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5 ) A d d re s s fo r C o rr e s p o n d e n ce
a) House Num ber
b) S t r ee t / Road
c ) A rea
d) Ci ty / Town
e) P IN code
f ) S ta te
6 ) C e n tre o p te d : N e w D e lh i/ M u m b a i/ C h e n n a i/ K o lk a ta / K a n p u r/ H y d e r a b a d / p u n e /B a n g a lo r e / C o im b a t o re / A h m e d a b a d
(P l ease g i ve the Opt i on)
7 ) P h o n e N o . M o b i l e n o .
w ith S T D co d e
8 ) e -m a i l a d d re s s --- O f f ic i a l
P e rs o n a l
D a te :
P l a c e : ( S i g n a t u r e o f t h e a p p l i c a n t )
Note :
1. Fees Structure : Rs. 25000 for Delhi, Mumbai Chennai and Kolkata. Rs 20,000 for other cities (Including the
fees/price for reference book first evaluation fee, lunch, tea, snacks etc.) for the complete course.2. Enclose One Passport Sized Photograph.3. Enclose self attested photocopy of the Institute I-card or Membership letter or Membership Certificate.
4. Fees to be paid on the spot in the name of The Secretary, The Institute of Chartered Accountants of India payableby cheque payable at par or by demand draft on the starting of the course at the venue.
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A c k n o w l e d g m e n t( for o f f i ce use on ly)
We acknowledge the receipt of the Registration Form for the Certificate Course on
Valuation from Mr. / Ms...........................................................................
on . . .. . . / . .. . . . . / 20 --- l ongw i t h t he Demand Dra f t / Pay O rde r
no..forRupees.................................
Date :
Noda l O f f ic e r
P la ce : C e rtif ica te Cou rse on Va lu ation
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