AICPA working draft addresses valuations of portfolio company investments

Posted 5/16/2018

AICPA published a working draft of an Accounting and Valuation Guide yesterday, providing guidance for financial reporting purposes regarding the accounting for and valuation of portfolio company investments of venture capital and private-equity funds and other investment companies. Portfolio company investments are defined in the working draft as investments in both equity and debt instruments of privately held enterprises and certain enterprises with traded instruments.

Journal of Accountancy