^ Look at it this way, maybe you’ll be in town for a 'Skins playoff game 
BTW, I believe you would actually be exempt from BV201 if you receive your charter by then. Both the CPA and CFA count as 1 year of experience too.
Have you spent time in DC? It is very cool city, especially if your employer gives you PD. I’m going to be there next week. I feel like I’m a semi-local at this point
I’m a charterholder of six years and recently complete the ASA BV coursework (BV 202 - 204, USPAP, and ethics exam). As a charterholder, I was exempt from BV 201. I submitted my sample report last month to qualify for the ASA designation. I’m interested to see how the report review process goes. Here is the 17 page ASA BV report checklist http://www.appraisers.org/Files/Accred-Reaccred/BV%20Candidate%20Checklist.pdf
While the ASA testing obviously wasn’t as arduous as the CFA, it’s no joke, especially BV 204. The overall testing and accreditation process is a pain in the neck.
I would highly recommend the ASA BV path to someone interested in business valuation. The Trugman book is a great resource. I sat through one of his sessions at the ASA Advanced BV conference last year in Phoenix. He is very knowledgeable and, more importantly, understands how to communicate fairly advanced topics in understandable terms.
I like your handle.
Poop, CFA
sounds perfect
Poop, CFA, MBA and soon to be ASA hopefully.
@Higgs and Poop (which I love to type, BTW),
If I passed Level 3, I will be exempt from BV 201. But I’m doing this more for the experience than for the educational credits. I’m hoping to get some “real” advice on how to do a “real” valuation in the “real” world. Plus, the employer is paying and I get to visit a new city that I’ve never been to.
@BVG - thanks for the suggestion to do the ASA thing.
That’s definitely the way to go. BV 201 will be a great introduction.
Agree with poop. BV201 is great for an introduction.
I finally ended up getting awarded the ASA designation in October. Glad to have that process behind me. It wasn’t difficult but it was really easy to drag out. It took me about 3 years from when I first applied for membership to when I was named and accredited senior appraiser.
Is the ASA useful or a positive for anything outside of business valuation?
Not really. That being said, the world of business valuation is very broad.
is there cliff notes for this damodaran fella
He has a website with lots of excel spreadsheets and a blog.
Congrats. I’ve been a candidate for about 10 years now.
Thanks. My 74 year old CFA, ASA, boss finally gave me the motivation to do it. He said I would be taking over for him and needed to get it done so I did it. Otherwise, I’d still be dragging it out.
dudes, lets be honest - the only value to an ASA designation is that you are able to confuse someone that you took actuarial exams
That’s a good one. I didn’t think about trying to pull that one over on someone. I got into business valuation completely by accident. I will say that the demand for business valuation far outweighs the supply of credentialled business valuators which is great. Also, the demand is increasing with increasing regs. I haven’t stopped hiring people over the last five years and my department has quadrupled during that time frame.
Well, at least I won’t be missing the Cowboys. That’s a good thing.
I fly out to DC tomorrow. Never been there. I’ll get there at 4:00, and I’ll have all day on Wednesday to do nothing. And I assume I’ll have the evenings on Thursday-Saturday.
Any ideas on what to do on Wednesday all day? What to do in the evenings? Any “can’t-miss” places to go? Good eats?
I’ll be there for a different course. If you want to meet up for dinner on Wed or Thurs, we can do that. I get in on Wed afternoon so if you want to set a time to meet in the lobby on Wed evening, that’s fine. Otherwise I’ll look for a big, tall Texan taking 201 and I’ll tell him that the Cowboys suck.
Sounds good. Emphasis on the “big” part.
My wardrobe for the course is real simple. I’ll be wearing jeans, a pair of white New Balance shoes, and a solid polo shirt. I plan to wear this every day. (I’m quite certain I’ll catch flak from Nana for my choice of attire.)