Summary cahtbot- carrer of a business valuator
business valuator
Introduction
What is it like to be business valuator?
A business valuator is a certified public accountant who sells his financial services to the public and to private businesses for a fee.
What do business valuators do?
A CPA might provide accounting and tax services or aid in appraising the value of a private estate, a small business, or even a large corporation.
What do business valuators do on a typical day?
A business valuator is often assessing the worth of a company so that another company can decide whether or not to acquire it, or conversely, what kind of offer they will accept if another company is trying to acquire them. Business valuators determine what a company is worth by considering its assets, competitiveness in the market place, and even how much high-profile executives contribute to the company’s profits. Valuators must also determine what a company’s tax burden will be, since that directly affects profit. There is a lot of work that goes into accurately figuring all of these numbers. Work hours can be long and stress level high. Business valuators who have their own businesses tend to work longer hours than those employed by public accounting firms (who average a 40-hour work week). While much of the numbers crunching is done at their desks, valuators tend to often travel to meet directly with their clients. Business valuators are also beginning to enter the public world on a larger basis, finding work evaluating assets such as stock options or estates in divorces and bequests.
Where do business valuators work?
While much of the numbers crunching is done at their desks, valuators tend to often travel to meet directly with their clients.
How can I become business valuator?
A bachelor’s degree in accounting, business, or a related field is a requirement, and an MBA in finance or accounting will increase your earning power in the field. But education alone does not make one able to become a business valuator. The best opportunities for employment come to those who are first CPAs for, in most states, CPAs are the only accountants who are licensed and regulated. CPAs must obtain a certificate and license issued by a state board of accountancy.
How much money do business valuators make?
Beginning business valuators will see earnings ranging from $26,000 to $30,000. Business valuators working for accounting firms can expect their own offices and salaries pushing the $40,000 level. Business valuators who have been in the profession for a decade have either advanced to managerial positions or now run their own company. Those business valuators who have moved on to managerial positions or have become directors of accounting at an accounting firm can expect salaries pushing $80,000. Those who are self-employed may earn upwards of $50,000.
What kinds of additional training do business valuators need?
But education alone does not make one able to become a business valuator. The best opportunities for employment come to those who are first CPAs for, in most states, CPAs are the only accountants who are licensed and regulated. CPAs must obtain a certificate and license issued by a state board of accountancy. Because business valuators are not regulated by the federal government, there is a growing concern that a regulatory board be created to set up blanket professional standards and ethics. The American Institute of Certified Public Accountants (AICPA), which certifies public accountants, has developed the ABV (Accredited in Business Valuation) designation that offered its first certification exam in November 1997. The AICPA is an independent professional regulatory organization that extends accreditation to those business valuators who pass the ABV examination. As business valuation becomes even more prolific, most clients will look for business valuators, just as they look for CPAs, who are accredited both as CPAs and ABVs and uphold the professional standards of the AICPA.
What are the dangers of being business valuator?
In such a competitive market, it is hard to start out as a self-employed business valuator, and most will have to work for an accounting firm to gain experience and a client base. Capable public accountants can advance rapidly, although those with inadequate academic preparation will spend their first couple of years playing catch-up with those who have bachelor’s and master’s degrees. Those on the road to specializing in business valuation will still have to pay their dues, serving in junior accounting positions to advance to more responsible positions.
What are the chances that business valuators will be replaced by robots soon?
Business valuators have never been in higher demand than they are now. Business valuators/CPAs enjoy the widest range of job opportunities among qualified accountants, and as state licensing continues to become harder to attain, options will continue to flourish for those who make the grade. So there is no chance to be replaced by robots.
What age do business valuators retire at?
62 years old who are retired and issuing six or fewer valuations, calculation or financial forensic reports per year, can continue to display their credential in business communications, including, but not limited to letterhead, headers/footers of the report, business cards, and/or his or her curriculum vitae, and valuation reports, as long as they include “Emeritus” after their designation, for example, CVA (Emeritus), MAFF (Emeritus), ABAR (Emeritus), CBA (Emeritus), or MCBA (Emeritus).
Conclusion
I am right now in my last semester of my CEGEP program Social Science with mathematics. I intend to go to a college in the United Sates to continue in this program, in business management. And I hope to become a business technology or a business valuator one day.
More by this author
Introduction link: https://mohamedsamakes-businessmanagement.blogspot.com/2024/02/mohameds-business-management-journey.html
Glossary link: https://mohamedsamakes-businessmanagement.blogspot.com/2024/02/business-management-glossary.html
Screencast link: https://mohamedsamakes-businessmanagement.blogspot.com/2024/03/screencast-mohamed-samake.html
Sources and RADARS ratings
Source: https://www.glassdoor.ca/Salaries/business-valuation-salary-SRCH_KO0,18.htm#:~:text=Business%20Valuation%20Salaries%20in%20Canada&text=The%20average%20salary%20for%20Business,a%20range%20from%20%243%2C871%20%2D%20%2415%2C507.
Rationale: to inform or educate
Authority: research journal
Date: recently published
Accuracy: probably true
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Source: https://cbvinstitute.com/become-a-cbv/
Rationale: to inform or educate
Authority: research journal
Date: recently published
Accuracy: probably true
Relevance: relevant for this document
Sources: cites sources
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