2022 Fair Value Virtual Conference - Winter

2022 Fair Value Virtual Conference - Winter

Includes a Live Web Event on 12/15/2022 at 1:00 PM (EST)

More About This Event

ASA Member Price: $250 | Non-Member Price $300
Thursday, December 15, 1:00 - 5:30 PM ET

The ASA Fair Value Conference offers a premier educational opportunity, gathering the profession’s thought leaders to spotlight the latest developments and trends in fair value. Check out the Agenda tab for a schedule and detailed list of presentation topics.  

This event offers up to 5 hours of ASA CE and CPE credit.

Conference Chair
Raymond Rath, FASA
Managing Director
Baker Tilly US, LLP

Conference Session Platform
This virtual conference is being held via Zoom. Please be sure to review Zoom's System Requirements. See the Event Access tab to join the live virtual conference after registering. 

Agenda

1:00 - 1:10pm
Welcome & ASA Update
Raymond Rath, FASA, Managing Director | Baker Tilly US, LLP
Johnnie White, CEO/Executive Vice President | ASA

1:10 - 2:10pm
AICPA Business Combination Guide
Gary Roland, CPA, CFA, CEIV, Managing Director | Kroll LLC
Mark Edwards, CPA, CFA, ABV, Partner | Grant Thornton

The working draft of the AICPA’s Business Combination Accounting and Valuation Guide was released in September. This session will provide an overview of the guide and expand on the content of the five valuation chapters in addition to the appendices to provide insights that may assist those planning on submitting comments on the working draft.

2:10 - 2:20pm
BREAK

2:20 – 3:20pm
AICPA Cheap Stock Guide - Task Force Update
Amanda Miller, Ph.D., Managing Director | EY

In 2019, the AICPA launched a project to update the Accounting and Valuation Guide, Valuation of Privately Held Equity Securities Issued as Compensation (the Cheap Stock Guide).  In this session, one of the co-chairs of the Task Force will provide an update on the project, including changes that may have a significant impact on common stock valuations for some private companies.  Please attend to learn more!

3:20 – 4:20pm
Working Capital Adjustments and Treatment of Cash
Charles Sapnas, CFA, ASA, Managing Director | Valuation Research Corporation

Valuation specialists may often overlook the degree to which net working capital and cash can influence the results of a fair value analysis.  Often times, excess or deficient levels of working capital or cash may be present as of the date of valuation, which can have a material impact on the valuation conclusions if not identified and adjusted properly. The session will address common challenges related to working capital and cash in fair value measurements. The discussion will walk through examples and identify areas in which adjustments to net working capital and cash are appropriate. 

4:20 – 4:30pm
BREAK

4:30 - 5:30pm
SAFE (Simple Agreement for Future Equity) Valuation
Vincent Covrig, Ph.D., CFA, Principal | Crowe LLP

SAFE is a new type of convertible note used for startup companies' financing. Compared to the traditional convertible notes, they include amandatory conversion inot the next round of equity financing at a discounted price. These features trigger derivatives accounting and fair value under GAAP. The presentation will cover different types of SAFE features as well as alternative methods used in the valuation of the embedded derivatives.

Components visible upon registration.