FVC1922. PE/VC Guide Update

Area of Expertise: 
The Experienced Pro
Field of Study: 
Accounting
CPE Credit: 
1.5
CEIV CPE/CPD Credit: 
1.5
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of, or general experience in, forensic accounting, business valuation, or litigation

Tuesday, November 5, 2019
 
10:10AM-11:25AM

Valuing investments is a critical issue for the private equity and venture capital industry. After more than five years of effort, the AICPA has published the final version of the Accounting and Valuation Guide, Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies. This session will highlight the key concepts from the new guidance.
Learning Objectives:

  1. Understand the key issues where the new guidance may clarify best practices
  2. Identify the topics covered in the guide and understand how best to use the guide to address specific questions of interest
  3. Understand the appropriate basis of valuation for valuing an enterprise for the purpose of valuing the securities in the enterprise, and the importance of calibration
  4. Understand the “value of debt for the purpose of valuing equity” and how that value is different from other measures of the value of debt


SESSION SPEAKER(S)

CPA, ABV
Principal | Clifton Larsen Allen
Managing Director | Duff & Phelps
PhD
Executive Director | Ernst & Young LLP
Partner | KPMG LLP