The Chartered Valuer and Appraiser Programme (CVA) Module 3: Valuation for Transactions
- Finance & Investment
This programme is conducted online and on-campus.
4 Days
Weeknights (7pm - 10pm, Online)
Saturday (9am - 5pm, On-campus)
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
Learners will apply International Valuation Standards and leading guidelines such as the IPEV and Intangible Assets valuation frameworks, while gaining hands-on practice with the three core approaches — market, income, and asset-based — and their associated methodologies. The module also explores the technical and practical challenges of each approach, highlighting their advantages, limitations, and appropriate use. In addition, participants will examine the principles underpinning valuations in both public and private company contexts, including regulatory considerations, discounts, and premiums, preparing them to deliver robust and defensible valuations in real-world transactional settings.
Learning Objectives
At the end of the 4-day module, participants will be able to:
- Compare and contrast open market and notional valuation, share market and corporate valuation as well as public listed and private companies’ shares
- Implement International Valuation Standards and guidelines, including the International Private Equity Valuation (IPEV) and Intangible Assets valuation guidelines, used for the conduct of business valuation for transactions
- Implement various valuation approaches to the valuation of business and equity, covering in depth: the market, income and asset-based approaches, their relevant methodologies as well as the valuation parameters associated with them
- Identify the various technical and practical issues involved in the application of the various valuation approaches and methodologies, and the pros and cons of adopting such approaches and methodologies when conducting business valuation
- Identify the principles behind the valuation of public listed companies, understand its context, including securities and exchange regulations on business valuation carried out in the public domain
- Identify the principles behind the valuation of private companies, understand its context, including the types of discounts and premium and the circumstances that warrant their application
Topic/Structure
- Application of valuation standards, regulations and guidelines
- Valuation considerations for transactions
- Valuation approaches and methods
- Valuation parameters
- Discounts and premium
- Valuation of privately owned entities
- Venture Capital (VC)/ Private Equity (PE) valuation model
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
Fee Table
| EMPLOYER-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$1,046.40 (After SSG Funding 70%) |
$406.40 (After SSG Funding 70% |
$1,046.40 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$406.40 (After SSG Funding 70% |
$406.40 (After SSG Funding 70% |
$406.40 (After SSG Funding 70% |
|
International Participant |
$3,488 (No Funding) |
$3,488 (No Funding) |
$3,488 (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.
