Accounting and Valuation Guide: Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies (AICPA Accounting and Valuation Guide)

Developed for preparers of financial statements, independent auditors, and valuation specialists, this guide provides nonauthoritative guidance and illustrations regarding the accounting for and valuation of portfolio company investments held by investment companies within the scope of FASB ASC 946, Financial Services --Investment Companies, (including private equity funds, venture capital funds, hedge funds, and Read more... Abstract: Developed for preparers of financial statements, independent auditors, and valuation specialists, this guide provides nonauthoritative guidance and illustrations regarding the accounting for and valuation of portfolio company investments held by investment companies within the scope of FASB ASC 946, Financial Services --Investment Companies, (including private equity funds, venture capital funds, hedge funds, and business development companies). It features16 case studies that can be used to reason through real situations faced by investment fund managers, valuation specialists and auditors, this guide addresses many accounting and valuation issues that have emerged over time to assist investment companies in addressing the challenges in estimating fair value of these investments, such as: Unit of account Transaction costs Calibration The impact of control and marketability Backtesting "Developed for preparers of financial statements, independent auditors, and valuation specialists, this guide provides nonauthoritative guidance and illustrations regarding the accounting for and valuation of portfolio company investments held by investment companies within the scope of FASB ASC 946, Financial Services --Investment Companies, (including private equity funds, venture capital funds, hedge funds, and business development companies). It features16 case studies that can be used to reason through real situations faced by investment fund managers, valuation specialists and auditors, this guide addresses many accounting and valuation issues that have emerged over time to assist investment companies in addressing the challenges in estimating fair value of these investments, such as: Unit of account Transaction costs Calibration The impact of control and marketability Backtesting" -- Provided by publisher Cover 1 Preface 4 Table Of Contents 10 Introduction 20 Chapter 1 28 Chapter 2 52 Chapter 3 64 Chapter 4 76 Chapter 5 126 Chapter 6 158 Chapter 7 170 Chapter 8 178 Chapter 9 208 Chapter 10 224 Chapter 11 252 Chapter 12 280 Chapter 13 288 Chapter 14 324 Appendix A 370 Appendix B 374 Appendix C 424 Glossary 650 Index of Pronouncements and Other Technical Guidance 668 Subject Index 672 Accounting,and,Valuation,Guide