Purchase the Training Pack ($269.00)
to get the recording, transcript, and presentation materials for this webinar in a single download. Please allow up to 30 days after the webinar for the Training Pack to be available.
Get an update on the guidance to fair value measurement under ASC 820 as applicable to the valuation of software companies, based on the guidance in the AICPA Guide on the Valuation of Portfolio Investments of Venture Capital and Private Equity Funds and Other Investment Companies and other best practices. Join Antonella Puca, Andreas Dal Santo, and Adam Kindreich for an overview of the valuation methodologies that are suitable for the valuation of software companies and how software innovation has become a driver of value in other industries. See practical examples of how to set up a calibration model at the transaction date and how to apply the calibration model to subsequent measurement periods based on Case 10 of the AICPA working draft “Early Stage Software as a Service Startup with Binary Expected Outcomes." And learn how to blend traditional valuation techniques such as DCF analysis with non-GAAP metrics in the valuation of a company that is disrupting the transportation and automotive industry with its innovative software technology: Uber.
Program Agenda
Introduction:
Overview of the software industry based on the latest data
Definition of fair value and unit of account under ASC 820 and implications for the valuation of software companies
Overview of key sources for the most recent guidance on valuation of software companies and insight in the context surrounding the recent activity in this area (AICPA, FASB, IVSC)
Valuation of Software Companies – Calibration at Initial Measurement
Practical example of how a calibration model is set up for a sample software company using a scenario-based approach.
Identification of scenarios and inputs in the calibration model at inception
Effect of potential dilution on the valuation
Valuation of Software Companies – Calibration at Subsequent Measurement
Practical example of how a calibration model can be applied to subsequent measurement
Review of inputs, conditions under which inputs need to be updated.
Uber: A Case Study in Deriving Intrinsic Value
Economics of the Business Model
DCF model
Learning Objectives
Describe the provisions of the working draft of the AICPA Guide on the Valuation of Portfolio Investments of Venture Capital and Private Equity Funds and Other Investment Companies as they apply to investments in software companies
Set up a calibration model based on the initial transaction price and apply calibration in subsequent measurement periods for the valuation of a software company
Examine how software innovation is disrupting traditional industries such as transportation and apply DCF and non-GAAP metrics to the valuation of a sample company based on techniques that reflect the AICPA Guidance
BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many
times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.
Delivered as an electronic download approximately four weeks after the program has aired, each Training Pack includes:
Recordings and transcripts of the presentation
All presentation visual aids and handouts
All ancillary reading materials suggested by our presenters
If you are ordering a Training Pack after the four week window, the download link will be sent to you immediately via email. Please
check your spam folder and add customerservice@bvresources.com to your “safe list”
to ensure you receive your Training Pack.
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.
