BV 8-Hour POV Curriculum Challenge Exam

BV 8-Hour Challenge Exam (Challenging BV201-204)

Exam Description

ASA accepts successful completion of the 8-Hour BV Principles of Valuation (POV) Challenge Exam in lieu of successful completion of the four individual POV courses (BV201-204). This 8-hour challenge exam is geared toward experienced business valuation professionals who have already mastered the competencies taught in the POV courses. Many of these individuals have at least 4,000 hours (2 years) of full-time business valuation engagement experience and stay abreast of the ever-changing landscape of the profession.

No study materials will be issued to candidates with which to prepare for the exam. It is the expectation that the students' actual experience, expertise and knowledge of the materials in his/her own business valuation library are sufficient to prepare for and pass the exam.

The exam is given in two (2) parts each lasting four (4) hours and must be taken on the same day. The content covered on the exam comes directly from the content taught in the four (4) POV courses. You may download an outline of the content of the four (4) POV courses and/or you may review each course’s learning objectives on the following pages:

Purchasing the Exam

  1. Add the exam to your cart below and check out.
  2. After purchasing the exam, please complete and submit the Exam Request and Proctor Confirmation Form - this form will also be included as a download after the exam has been purchased.
  3. Please allow up to fourteen (14) business days for ASA to contract with your chosen proctor and ship them the exam materials.
  4. Once your proctor has received the exam materials, you may set a date with your proctor to take the exam.
  5. Upon passing the exam, you will recieve a certificate of completion noting eight (8) hours of continuing education (CE).


The BV 8-Hour Challenge Exam qualifies for eight (8) hours of CE only.  It does not qualify for continuing professional education (CPE) credit through NASBA.

Important Information Prior to Purchase

  1. All challenge examinations must be proctored. It is your responsibility to secure a proctor. See ASA's “Proctor Requirements” below for eligibility information.
  2. You will have four (4) hours to complete each of the two (2) exam parts. Both parts must be taken on the same day.
  3. You have one (1) year from the date of purchase to complete the 8-hour proctored exam.
  4. Once you have arranged for a proctor and submitted the Exam Request and Proctor Confirmation Form, it may take up to fourteen (14) business days to process. Please plan accordingly.
  5. In the event you do not pass the BV 8-Hour Challenge Exam on your first attempt, you have one (1) year from your original exam date to purchase and complete a retake exam. If you do not successfully pass the BV 8-Hour Challenge Exam upon your second attempt, you may not retake the exam a third time.  You will need to take the classroom format or OnDemand format of the course and then sit for the exam again.
  6. Once the exam is purchased, please logon to your ASA Profile and check the "Downloads" tab as soon as possible to verify you have everything you need to proceed.  


Contact ASA's Education Team


Pricing $3,000.00
ASA-Member $2,000.00
Non-Member $3,000.00
Available Yes

Purchasing BV 8-Hour POV Curriculum Challenge Exam includes the following items below:
BV201 Challenge Exam BV201 - Individual Challenge Exam 1
BV202 Challenge Exam BV202 - Individual Challenge Exam 1
BV203 Challenge Exam BV203 - Individual Challenge Exam 1
BV204 Challenge Exam BV204 Individual Challenge Exam 1