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Understanding and applying calibration discounts
Valuation Services
Webcast

Understanding and applying calibration discounts

For calibration to be effective, valuation analysts must support the adjustments needed to ensure that the calculated fair value is equal to the original market-observable transaction price. We’ll show how.

$70 - $109
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

Date

Dec 12, 2022

NASBA Field of Study

Finance

Level

Basic

CPE Credits

1.5

Author(s)

Oksana Westerbeke

Availability

3 months

Product Number

WC3957397

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 Business & partner 
Product Details

Unravel calibration discounts

The Financial Accounting Standards Board (FASB) requires calibration of the valuation model and significant unobservable inputs to the latest transaction. But what approach should be taken when the model cannot be calibrated using reasonable inputs?

Join us as we discuss market evidence for calibration discounts, including private company convertible debt, convertible debt on public stock, and warrant transactions.

We will also explore calibration discounts and the appropriate methods to roll those discounts forward for subsequent measurement dates.

Key Topics

  • Current guidance on calibration
  • Calibration to equity transactions
  • Private company convertible debt and evidence of calibration discounts
  • Convertible debt issued by public companies and calibration
  • Warrant transaction values vs. Black-Scholes theoretical prices
  • SPAC warrants implied volatility phenomena
  • Volatility haircuts
  • Calibration discounts and value roll forwards

Learning Outcomes

  • Recognize the latest guidance related to calibration discounts.
  • Recognize situations where calibration discounts might be appropriate.
  • Identify methods for incorporating calibration discounts.
  • Identify methods for using calibration discounts for subsequent measurement dates.

Who Will Benefit

  • Valuation professionals and management who perform valuation of debt, equity, warrants, and other financial instruments
  • Auditors who review valuation of financial instruments
  • CFOs and controllers of private companies responsible for reviewing valuation reports
Credit Info
CPE Credits
1.5
NASBA Field of Study
Finance
Level
Basic
Prerequisites
none
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
1.25 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$109.00
AICPA Members
$87.00
CEIV Credential Holders
$70.00
CVFI Credential Holders
$70.00

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.

Start order

6+ registrants

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

Contact us
Speakers
Oksana Westerbeke
CFA, CEIV
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.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Cancellation Policy
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Understanding and applying calibration discounts
Dec 12, 2022
Select from the following options:
Dec 12, 2022
6pm7:15pm GMT
Nonmember Price
$109.00
Price excluding sales tax
$109.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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