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

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 


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.


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 takes some of the most complicated financial instruments around and breaks them down so that anyone can understand them. These include a wide array of derivative securities pertaining to compensation agreements, private companies, partnerships, earnouts, and guarantees. Other areas of expertise include business investments and employee compensation awards. Josh is familiar with the approach external auditors take to these instruments, building that knowledge into the solutions he builds for clients and often communicating with auditors on their behalf. Besides complex securities, Josh brings his academic and practical experience in economics, finance, and statistics to a range of other challenges, such as pay equity and CEO pay ratio calculations.  He enjoys solving unique problems and mentors employees who share this aptitude. 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.

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.


Live Virtual Event
Zoom Webinar Access
09/22/2022 at 1:00 PM (EDT)   |  120 minutes
09/22/2022 at 1:00 PM (EDT)   |  120 minutes Join link will be active 10 minutes before the scheduled live webinar. Once you click on the join link, you will be re-directed to the zoom event and the host will allow you to join shortly. If you experience technical issues joining via the link, we highly recommend to dial-in via a telephone until you are able to troubleshoot your access issue that may be related to personal settings, pop-up blockers, firewall etc. In addition, refreshing, or logging off and re-joining typically resolves access issues. Please email if you've exhausted all recommended troubleshooting tips. Thank you.
Course Wrap-up
BV528 Webinar Evaluation
15 Questions
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BV528 Webinar Certificate
Live Viewing: 2.00 CPE credits and certificate available
Live Viewing: 2.00 CPE credits and certificate available