How to prepare for the Valuation Exam (Securities or Financial Assets) of IBBI :How to prepare, write and pass the Valuation Exam (Securities or Financial Assets) of IBBI
Introduction:
Valuation Exam of IBBI is very interesting and in my view and experience much more challenging than the IBC exam. Syllabus is also quite vast and there is no one single book available in the market which covers all the topics at one place.
Most of the books have been authored by people most of whom perhaps have not qualified the Exam. As a result, using the download and copy-paste strategy for bring out some material in the name of book, many times irrelevant contents are published which instead of helping the aspirants, end up in wasting their precious time and causing avoidable disappointment.
Based on my experience of preparing and passing this exam, I am happy to share here the strategy to prepare and pass the Valuation Exam, which worked for me quite well. And I hope this will also work for the readers of this article, who may use it with suitable changes from their side and emerge successful in passing this very interesting and useful Exam.
Personally, I found this Exam so much interesting and useful that I would very strongly recommend this course to all CAs, CSs and CMAs. I am sure, preparation itself, they will find quite interesting and refreshing. Completing an Exam like this and Insolvency are some of the best refresher courses which we professionals can and should undertake.
Eligibility:
Graduates with 5 years of post-qualification experience and post graduates including CAs/CSs/CMAs with three years of post qualification are eligible to appear for the Exam.
However, there is another requirement of prior completion of a mandatory 50 hours Class room training with a IBBI Recognised RVO.
How to Register for the Exam
Its my effort in this article to make it a comprehensive one on the subject, so that you are able to get all required info at one place. So lets begin from the beginning and i.e. how to register for this Exam.
1. Firstly, visit the website of IBBI at http://www.ibbi.gov.in/ and register yourself. It will require uploading of a photo, PAN and Aadhaar card, so keep the same handy. You will receive Login ID and Password, after completing this process.
2. Now, log in to IBBI website, select the tab Examination and click on the “Valuation Examination”, this will take you to the BSE Institute page. Enroll yourself for the Exam following the steps.
3. You will need to pay a fee of Rs. 1500/- which can be done online using Netbanking or Credit/Debit card.
4. This fee is to be paid for every attempt that you take every time.
5. After doing so, select the date and exam centre of your convenience.
6. Also download the Syllabus from website of IBBI.
7. Now you are all set for the Examination.
Note: The above process is quite simple and will not take you more than two hour to cross this hurdle. How to prepare for the Exam and how to write it, is covered in the following paragraphs.
Now, how to prepare for the Exam
1. As mentioned earlier, this Exam is not only very interesting but at the same time quite challenging. Besides, testing knowledge, intelligence, experience and level of expertise of the aspirants, it also tests their presence of mind. This Exam is interesting, because this is not a typical pen & paper exam, which would involve subjectivity to some extent.
2. Rather, it is an online MCQ based examination where your answer has to be absolutely accurate. And plus, there is a negative marking of 0.25 marks for each 1 mark question which is answered wrongly. Hence, one has to be absolutely meticulous in preparation for the exam as well as in writing the exam.
3. This Exam has a very vast syllabus. IBBI has uploaded this syllabus on its website. With a view to help the aspirants, I have presented here below topic-wise inputs based on my preparation and experience of passing the Exam, highlighting the following three important aspects:
1. What Book or material to refer for every topic
2. What should be your topic-wise approach to preparation and finally
3. Degree of preparation required for each of the topic to help the participants do proper preparation management.
Degree of preparation is classified in three ways as follows:
Average: Means you just need to be aware of this topic as it is quite simple and relatively easier.
High: This needs your attention and you should spend adequate time on this topic so as to be comfortable in answering the related question.
Professional: Here, you have to prepare exhaustively well. Do not leave anything in option as regards these topics. Full preparation of these topics will not only help you in scoring good marks in answering theoretical MCQs, but also help you answer the Case Studies MCQs.
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CA Pramod Jain

B.COM (H), MBA (F), MBA (M), PGDFA, DTL, LL.B, ACA,

FCS, ACMA, DCM, CFA, GST (ICAI) LIE-IBBI, IFRS (ICAI),VE-IBBI.

Chartered Accountant & Insolvency Professional

Author of the Book, Finance For Value Creation & You Are A Born Winner [email protected], 9766034562.

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