ASC 820 for Private Equity Funds: A CFO's Operational Guide to Fair Value Measurement

This guide explains how private equity fund CFOs can apply ASC 820 alongside ASC 946 and the AICPA VC/PE Practice Aid to produce defensible fair value measurements. It covers Level 3 valuations, allocation methodologies, calibration, audit expectations, and common reporting issues that arise during quarterly and year-end valuation cycles.