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The Chartered Valuer and Appraiser Programme (CVA) Module 1: Introductory Valuation

  • Finance & Investment
  • Advanced
  • SkillsFuture
  • Full Certificates
  • This module is part of The Chartered Valuer and Appraiser Programme (CVA)

This programme is conducted online and on-campus.

Fee
SGD2,616* (as low as SGD304.80 after maximum funding) Learn More
Duration

3 days
Weeknights (7pm - 10pm, Online)
Saturday (9am - 5pm, On-campus)

Level
Advanced

Who Should Attend

  • Aspiring and practicing professionals in valuation-related fields such as accounting, finance, law and economics.

Admission requirements

  • A Bachelor's Degree or equivalent in any field from a recognised institution;
  • Recommended prior knowledge of accounting and finance;
  • Writing, speaking and presentation abilities in English.
  • The Institute of Valuers and Appraisers, Singapore (IVAS) will make the final decision on the acceptance or rejection of an application.

Note: Participants must complete Modules 1 and 2 in any order, one at a time, or simultaneously—before taking Module 3. Module 3 must be completed before taking Module 4.

Overview

This module introduces the fundamentals of business valuation and the evolving landscape shaping the profession.

Participants will learn how valuation supports decision-making across transactions, financial reporting and corporate strategy, anchored on the IVS Framework and emerging best practices. Through practical discussion and applied exercises, the module builds core fluency in valuation terminology, bases and premises of value, and the accounting and finance concepts that underpin credible analyses. Learners will follow an end-to-end valuation process—from scoping and information gathering to method selection, analysis, and reporting—while reinforcing professional competencies, ethics, and conduct expected of business valuers. 

The module also highlights forward-looking practices, including preparing robust prospective financial information and incorporating ESG and intangible asset considerations. By the end, participants will be able to apply valuation principles confidently and produce professional, defensible valuation reports suitable for transactional and financial reporting contexts.

Programme Partner

IVAS - Institute of Valuers and Appraisers, Singapore | LinkedIn

Learning Objectives

At the end of the 3-day module, participants will be able to:

  • Describe the business valuation landscape and the future developments
  • Identify the valuation standards (specifically IVS Framework) applicable to business valuation
  • Describe the competencies, role, behaviour and conduct of business valuers and the competency framework for professional valuers
  • Discuss the valuation context and the role that business valuation plays in the financial and corporate world
  • Differentiate various terms, bases and premises of value and their implication to the valuation outcome
  • Explain the key concepts of accounting and finance relating to business valuation
  • Apply the principles of business valuation
  • Describe and adopt a valuation process which is acceptable in a transactional and/ or financial reporting environment
  • Describe and adopt the best practices in preparing prospective financial information, including disclosures on Environmental, Social and Governance (ESG) factors and intangibles; and prepare a credible and professional business valuation report

Topic/Structure

  • Code of Ethical Principles for Professional Valuers by the International Valuation Standards Council (IVSC)
  • Valuation standards
  • Concept of value
  • Valuation terminologies
  • Bases and premise of value
  • Valuation context
  • Valuation principles
  • Valuation process and practice standards of a valuer
  • Valuation report contents
  • Information collection and analysis (qualitative and quantitative)
  • Performing accounting, financial, management and prospective analysis

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises. 

Participants are required to attain a minimum of 75% attendance and pass the associated assessment for each of the modules in order to be awarded a certificate of completion for each module issued by Singapore Management University.

Calculate Programme Fee

Click here for more information about SkillsFuture Credits (Not applicable for Company-sponsored participants)
For PSEA - Available only for Singapore Citizen below 31 (Not applicable for Company-sponsored participants)

Total Program Fee: SGD0.00

Fee Table

EMPLOYER-SPONSORED

PARTICIPANT PROFILE

SELF-SPONSORED

SME

NON-SME

Singapore Citizen < 40 years old

Permanent Resident

LTVP+

$784.80

(After SSG Funding 70%)

$304.80

(After SSG Funding 70%
+ ETSS Funding 20%)

$784.80

(After SSG Funding 70%)

Singapore Citizen ≥ 40 years old

$304.80

(After SSG Funding 70%
+ MCES Funding 20%)

$304.80

(After SSG Funding 70%
+ ETSS Funding 20%)

$304.80

(After SSG Funding 70%
+ MCES Funding 20%)

International Participant

$2,616

(No Funding)

$2,616

(No Funding)

$2,616

(No Funding)

All prices include 9% GST

Please note that the programme fees are subject to change without prior notice.

Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.

Self Sponsored

SkillsFuture Credit

Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.

This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.

Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).

Workfare Skills Support Scheme

From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.

Employer Sponsored

Enhanced Training Support for SMEs (ETSS)

  • Organisation must be registered or incorporated in Singapore
  • Employment size of not more than 200 or with annual sales turnover of not more than $100 million
  • Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
  • Trainees must be Singapore Citizens or Singapore Permanent Residents
  • Trainees must not be a full-time national serviceman
  • Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here. 

Please click here for more information on ETSS.

Absentee Payroll

Employers who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:

AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)

Intake Information

Next Intake: January 2026
Please note that the following intake will be in July 2026. There are two standard intakes each year.

Trainers

Eric Teo
Affiliate Faculty
Singapore Management University
Eric Teo
Affiliate Faculty
Singapore Management University

Eric Teo is the founding chairman of the Institute of Valuers and Appraisers of Singapore (IVAS) Council and the International Valuation Standards Council (IVSC) Membership and Standards Recognition Board. A seasoned valuation professional with over 30 years of experience, he is also active in academia, serving as Adjunct/ Associate Professor and faculty at several local universities. 

Eric has served as a consultant to regulators and institutions in Singapore and the region, and has conducted training to organisations including the Accounting and Corporate Regulatory Authority (ACRA), Inland Revenue Authority of Singapore (IRAS), Institute of Singapore Chartered Accountants (ISCA), Singapore Academy of Law (SAL), and Hong Kong Institute of Certified Public Accountants (HKICPA). 

He is currently Senior Consultant with the Business Valuation & Advisory practice at Savills and was formerly the Head of the practice in Southeast Asia. Prior to this, he was an Executive Director with Ernst & Young (EY) in both Singapore and Australia. He was a founding member of EY Global Valuation & Business Modelling (VBM) Network’s Technical Standards Group (TSG) and had served in the Steering Committee and led the EY Asia Pacific VBM TSG from 2012 to 2015. 

At present, Eric is a Director of IVSC Asia Ltd and continues to serve in IVAS as a Member of both the Learning and Assessment and Professional Development Working Groups. He also a Senior Quality Assurance Advisor of ISCA Quality Assurance Review Panel and a Member of Copyright Tribunals, appointed by Ministry of Law, Singapore.

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