CPV Asset Valuation Practice II exam-day guide
CPV Asset Valuation Practice II · Prepare for the day ahead.
Your checklist
Government-issued photo ID
Bring the original ID that matches the name on your registration. Confirm with the provider which ID types are accepted and whether a secondary ID is required; do not assume a photocopy or digital ID will be accepted.
Admission confirmation or appointment letter
Print or save the confirmation email showing your candidate number, test center or remote-proctoring link, and start time. Confirm with the provider whether a printed copy is mandatory.
Approved calculator
Confirm with the provider which calculator models are permitted and whether a basic four-function or financial calculator is allowed. Clear memory and check batteries the night before. Do not bring a programmable or graphing model unless explicitly permitted.
Writing materials
Bring several pencils or pens and an eraser if the format is paper-based. For computer-based delivery, confirm with the provider whether scratch paper or a laminated booklet is supplied and whether you may bring your own.
Exam-day logistics plan
Confirm the exact venue or remote-testing requirements, arrival time, and recommended buffer before the start. For remote delivery, test your camera, microphone, and internet connection in advance and confirm the platform with the provider.
Permitted reference materials
Most professional valuation exams are closed-book. Confirm with the provider whether any formula sheet, standards extract, or table is supplied on screen or in print, and do not bring your own notes unless explicitly allowed.
Personal items plan
Plan where to stow phone, watch, bag, and outerwear. Confirm with the provider the rules on smartwatches, mobile phones, food, drink, and access to personal items during the test.
Break and timing policy
Confirm with the provider whether breaks are scheduled, whether the clock stops during breaks, and whether you may leave the room. Plan hydration and medication around the stated policy.
Review of the exam blueprint and weighting
Re-read the official content outline so you know the relative weight of each topic area. Use the weighting to decide where to spend the last hours of revision rather than reviewing everything equally.
Formula and convention sheet you build yourself
Prepare a one-page summary of valuation formulas, discounting conventions, and common adjustments from your own study notes. Use it for revision only; confirm whether any such sheet may be taken into the test.
Accessibility or special arrangements confirmation
If you requested extra time, a separate room, or other accommodations, confirm with the provider in writing that the arrangement is recorded for your appointment.
Contact details for the test provider
Save the provider's candidate services phone number and email so you can report a delay, technical failure, or venue problem immediately rather than after the fact.
Plan the day
Stop learning new material. Work through the official content outline topic by topic and mark areas where you cannot explain the method without notes. Spend remaining study time on those gaps, using worked practice calculations rather than re-reading.
Do one timed practice set under conditions close to the real exam: no notes, approved calculator only, and the same section timing. Review every wrong answer to identify whether the error was conceptual, a calculation slip, or a misread question.
Reconfirm logistics: venue address or remote-testing link, start time, arrival buffer, and ID requirements. Confirm with the provider any point that is unclear, including calculator model and permitted materials.
Review your own one-page formula sheet and the conventions that trip candidates up, such as timing of cash flows, treatment of capex and working capital, and consistency between discount rate and cash flow definition. Practise applying each formula to a short numerical example.
Do a light review only: your formula sheet, a list of common distractor patterns, and the exam instructions. Do not start a new topic or attempt a full mock. Confirm travel arrangements and set two alarms.
Prepare everything you will carry: ID, confirmation, approved calculator with fresh batteries, writing materials, and any permitted items. Check the provider's prohibited-items list one final time and pack accordingly.
Protect sleep. Avoid last-minute cramming late into the night, limit caffeine after early afternoon, and eat a normal meal. For remote delivery, run a final equipment check and charge devices.
Eat a proper meal and arrive or log in with the buffer the provider recommends. For on-site delivery, allow extra time for security checks and registration; for remote delivery, close other applications and have your ID ready for the proctor.
Do not attempt heavy revision. Skim your formula sheet once, then put it away. Use the remaining time to settle in, confirm your workstation or desk is clear, and follow the proctor's instructions exactly.
Read the instructions and note the number of questions, section structure, and whether questions carry equal marks. Confirm how unanswered questions are scored and whether there is a penalty for guessing; if not stated, ask the invigilator or confirm with the provider before starting.
Do a first pass answering questions you can resolve quickly. Flag lengthy calculations and return to them after securing the easier marks. Watch the clock against the number of questions remaining rather than against individual questions.
For calculation questions, write down the inputs and the method before computing, and check that units, currency, and periods are consistent. For qualitative questions, eliminate clearly wrong options and be alert to absolutes and to options that answer a different question than the one asked.
Reserve the final minutes to confirm no question is left blank where guessing is not penalised, that flagged items are resolved, and that your answers are saved or submitted according to the platform's procedure. If a technical problem occurs, stop and notify the invigilator or proctor immediately and note the time.
Rules to check
Bring the original government-issued photo ID matching your registration name. Confirm with the provider which documents are accepted and what to do if your name differs slightly from the registration record.
Arrive or log in by the time stated in your admission confirmation. Confirm with the provider the late-arrival policy and whether a missed start time can be rescheduled.
Follow all instructions from the invigilator or remote proctor. Do not communicate with other candidates, pass notes, or share materials during the test.
Use only permitted equipment. Confirm with the provider whether your calculator model is allowed, and keep phones, smartwatches, and other devices switched off and stored as instructed.
Do not attempt to record, photograph, or reproduce exam questions or materials. Attempting to remove or copy exam content is grounds for disqualification under the provider's rules.
Confirm with the provider the rules on breaks, leaving the testing room, and access to food, drink, or medication. If you need an unscheduled break, raise your hand and wait for the invigilator or proctor.
Understand the scoring and guessing policy before you begin. Confirm with the provider whether there is a penalty for incorrect answers and how partially correct or unanswered questions are treated.
If you believe there is a technical failure, disturbance, or irregularity, report it immediately to the invigilator or proctor and follow up in writing with the provider. Confirm with the provider the deadline and procedure for lodging a complaint or special-consideration request.