By its nature, a valuation is highly complex and subjective. This is particularly true when it comes to the valuation of companies with complex capital structures, which are common among portfolio companies held by private equity and venture capital funds.
In an effort to improve the quality, consistency and reliability of valuations, the AICPA has developed a Practice Aid on the valuation of portfolio companies. The Practice Aid provides guidance for preparers of financial statements, auditors and valuation specialists as to best practices relative to the valuation of investment interests for financial reporting purposes in connection with ASC 946, Financial Services – Investment Companies in the application of ASC 820, Fair Value Measurement.
In this on-demand webinar, Baker Tilly valuation professionals discuss key insights of the Practice Aid and provide practical analysis as to the impact it is intended to have on the preparation of valuation analyses in the fund industry and beyond.
Key learning objectives: