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Valuation of Contingent Consideration: A Fair Value Perspective
Valuation Services
Webcast

Valuation of Contingent Consideration: A Fair Value Perspective

Learn about contingent consideration from the perspective of a private equity (PE) or venture capital (VC) fund that engages in a sale transaction of a portfolio company investment under FASB ASC 820, Fair Value Measurement.

Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

1.5

Author(s)

Antonella Puca

Availability

3 months

Product Number

WC3289079

 View  
 Business & partner 
Product Details

Understanding key features of common types of earnouts

Contingent consideration in the form of earnouts may represent a very significant component in the total purchase price of a portfolio company buy/sell transaction.

In this webcast, you'll learn:

  • Types of earnouts
  • Earnout valuation through practical examples of scenario analysis, option pricing models and Monte Carlo simulation
  • How payoff structure, path-dependency, correlation among earnout drivers, caps and floors may affect valuation

Key Topics

  • Overview of Earnout and Clawback Valuation under ASC 820
  • Types of earnouts
  • Scenario analysis in earnout valuation
  • Option pricing models in earnout valuation
  • Monte Carlo simulation in earnout valuation

Learning Outcomes

  • Identify key contractual terms that affect the valuation of Contingent Consideration in PE/VC Transactions
  • Recognize techniques such as option pricing modelling, Monte Carlo simulation and scenario analysis to the valuation of earnouts and clawbacks
  • Recall valuation policies and approaches that are consistent with U.S. GAAP for Contingent Consideration

Who will benefit

  • CPAs, accountants and finance professionals
  • Finance department personnel at private and public companies
  • VC/PE Fund Management
  • Attorneys
  • Valuation Analysts
  • Investors
More Details
NASBA Field of Study
Accounting
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 hr and 15 mins
Pricing
Do you have an AICPA membership? Log in to apply your member discount.

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
Antonella Puca
CPA/ABV, CEIV, CFA
Antonella Puca is a Senior Director with Alvarez & Marsal Valuation Services LLC in New York. Antonella specializes in the valuation of private equity and venture-backed companies for financial and tax reporting, M&A transactions, buy-sell agreements, estate planning and litigation purposes. Prior to joining A&M, Antonella has been part of the Alternative Investments group at KPMG, the global investment fund practice of EY in San Francisco and in New York, and the financial services team at RSM US in New York. With more than 20 years of experience in the alternative investment industry, Antonella has particular expertise in providing valuations of early stage companies at fair value to private equity funds and hedge funds, including intangible assets as a driver of value. She has been supporting management in a number of “going public” transactions. She is the author of Early Stage Valuation (Wiley: 2020) and a frequent speaker on the valuation of VC and PE-backed companies. Antonella is a member of the American Institute of Certified Public Accountants (AICPA) and of CFA Institute. She holds the CFA charter and is licensed as a CPA in California and in New York. She holds the Certificate in Entity and Intangibles Valuation (CEIV) and is Accredited in Business Valuation by the AICPA. Antonella is currently serving on the Business Valuation Committee of the AICPA and as a consultant on the CFA exam development team. She has served as a member of AIMA’s research committee, as a director and treasurer of the Board of the CFA Society of New York and as a director and consultant on industry standards, practice analysis and curriculum review at CFA Institute. Antonella earned a degree in Economics, with honors, from the University Federico II of Naples, Italy and a Master in Law Studies in Taxation from NYU School of Law. She has been a research fellow at the Hebrew University of Jerusalem.
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