BV528 Convertible Instruments and Valuation
- Registration Closed
Class Date/Time
Thursday, September 22, 2022
1:00pm-3:00pm Eastern Standard Time
Registration Includes
- Access to virtual webinar via zoom will be accessible via education dashboard (login required)
- Electronic webinar handout(s)*
*Any webinar handouts will be made available to registrants the morning of the live event and made accessible via your education dashboard (login required). Once handouts have been posted for download, the class is no longer refundable.
Continuing Education (CE) Credit
This webinar will award 2 CE/CPE hour(s) for the live event.
If you are a designated member of ASA, CE credit will automatically be entered into your record after you participate in the live webinar. Please allow 1 week post-webinar for ASA to grant access to a certificate of completion.
NASBA and Continuing Professional Education (CPE) Credit
ASA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org.
CPE Credit: Up to two (2) CPE credits in Specialized Knowledge
Program Level: Intermediate
Delivery Method: Only group-live courses are approved for CPE
Prerequisites: None
Advanced Preparation: None
Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy
Webinar Description
A comprehensive course covering multiple classes of convertible instrument. We will include descriptions and valuation considerations for traditional convertible bonds, convertible preferred stock, and convertible bridge notes. In addition, we will discuss some features that give rise to embedded derivatives and how to value these when they arise. We will cater to all levels, starting with a description for those who thought a convertible was just a fancy car to those with experience in advanced financial instruments.
Instructional Methods
Methods include lecture, visual PPT presentation and polling questions.
Course Audience
Valuation professionals looking to better understand and be able to deal with these securities.
Learning Level
Intermediate
Upon completion of this course, students will be able to:
- Recognize the key features of convertible securities;
- Identify key features requiring valuation;
- Differentiate between multiple types of securities; and
- Explain the key features of convertible valuation models.
eMaterials
All course materials included with you registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable materials are accessible via your education dashboard (login required). Once eMaterials have been posted for download, the class is no longer refundable.
Accessing eMaterials
eMaterials are provided electronically in PDF format and posted to the class the morning of the live event and listed within the education dashboard for all registrants to securely access prior to the start of the webinar. When opting to print downloadable materials, it is recommended that settings be adjusted to print in black and white (or grayscale) and consider printing double-sided on recycled paper.
Certificate of Completion
Please allow 5-10 business days post-webinar to receive a formal status notification and access to a certificate of completion. The certificate will be available to view and/or download via your education dashboard once all required components are completed.
Josh Schaeffer, PhD.
Managing Director
Equity Methods
Josh Schaeffer is a managing director and practice leader for Equity Methods’ valuation practice. He leads the delivery of valuation and advisory services related to complex securities. Josh works closely with finance executives across a broad array of public and private firms. His clients range from early-stage, pre-IPO upstarts to some of the largest public companies in the world. He’s a frequent presenter for the National Association of Stock Plan Professionals, the American Society of Appraisers, and other industry organizations. Prior to joining Equity Methods, Josh worked with Deloitte Financial Advisory Services and Cornerstone Research. In these roles, he focused on valuations and statistical analyses of businesses and investments for financial reporting, tax, consulting, litigation, and arbitration purposes.
Gavin Hagfors
Senior Consultant
Equity Methods
Gavin Hagfors is a Senior Consultant on the Valuation and HR Advisory Services team with Equity Methods, where he leads and provides support in the valuation of complex securities such as warrants, contingent considerations, convertible securities, awards involving complex financial structures, and interest rate-related derivative securities, along with various equity compensation instruments for ASC 718 compliance. He also assists with various data-based analyses relating to pay equity and forecasting outcomes using time series data. Prior to his role at Equity Methods, Gavin worked at 284 Partners, an Ann Arbor, Mich., consultancy firm focused on valuing and licensing intellectual property. Gavin earned his Master of Applied Economics degree, with a major in Finance, from the University of Michigan. He also attended the University of Montana, where attained Bachelor of Science degrees in Finance and Economics, was a Presidential Leadership Scholar through the Davidson Honors College, and was a member of the Big Sky Conference All-Academic team.
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