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Improving Estimates of Volatility for Private Companies
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Improving Estimates of Volatility for Private Companies

Valuation guides have transformed how volatility within private companies is estimated. To calculate correctly, you need the latest guidance, best practices, and additional topics that are unique to volatility.

$70 - $109
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Oct 18, 2022

NASBA Field of Study




CPE Credits



Oksana Westerbeke


3 months

Product Number


 Business & partner 
Product Details

Putting a price on volatility

Expected volatility is one of the central assumptions when valuing equity and equity derivatives.

Valuation practices for estimating volatility in private companies have evolved over the last several years, especially alongside the introduction of valuation guides.

In addition to gaining knowledge on volatility valuation best practices, webcast attendees will:

  • Assess methods to quantitatively adjust volatility for size differences.
  • Assess the relationship between volatility and the discount rate.
  • Determine private company to public equity volatility transition.
  • Learn more about implied volatility weighting.
  • Recognize series volatility and ASC 718 implications.

Key Topics

  • Quantitative adjustment for size
  • Analysis of the ratio of expected volatility to discount rate
  • Consideration of one-time events (life science industry)
  • Private company to public entity transition - Implied volatility weighting - Series volatility and ASC 718 implications

Learning Outcomes

  • Recognize factors unique to estimating volatility of private and early-stage companies.
  • Determine situations where the quantitative volatility size adjustment approach may be necessary.
  • Recognize volatility calculation approaches in transitions from private to public entity.
  • Identify implications for using series volatility.

Who Will Benefit

  • Valuation professionals who estimate volatility as one of the inputs in the valuation analysis
  • Auditors who review valuation of options and warrants where volatility assumption is being used
  • CFOs and controllers of private companies responsible for reviewing valuation reports
Credit Info
CPE Credits
NASBA Field of Study
Accounting, Specialized Knowledge
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
1.25 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
FVS Section Members
CEIV Credential Holders
CVFI Credential Holders

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

Contact us
Oksana Westerbeke
Oksana is a Principal in Grant Thornton’s Transaction Services practice. She is also a leader of the firm’s National Complex Financial Instruments Group. Prior to joining Grant Thornton, Oksana spent over 10 years working with a Big 4 public accounting firm. Oksana has been working in finance for more than 20 years and has worked with numerous public and private clients on financial reporting, tax, and strategic planning.

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Improving Estimates of Volatility for Private Companies
Oct 18, 2022
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Oct 18, 2022
5pm6:15pm GMT
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