Does the new AICPA guidance affect your equity?

March 1, 2019

RSM: For years, funds have valued their equity interests in portfolio companies using the following approach: calculate the enterprise value, subtract any debt and allocate the remainder to the equity classes in order of seniority. Regardless of whether you called this the waterfall method or the current value method (CVM), this approach had its advantages. It was transparent, relatively simple for auditors to test and document, and easy for investors to understand. Read more…