Learning Events at BCAS

1. Finance Corporate & Allied Laws Study Circle - Demystifying common problems in Valuation held on Tuesday, 08th September 2026 @ Virtual |Speaker: CA Snehal Pawar

CA Snehal Pawar dealt with the topic in detail, from inception to conclusion. She also highlighted some of the Do’s and Don’ts in a valuation exercise.

While the purpose, scope, use and user of valuation is very critical, the stress test of each component of forecast cannot be undermined. The entity’s business, industry, segment information, forecast horizon, growth linked reinvestment, terminal growth and terminal margin etc. requires focused attention. She reiterated the golden words of an ex-regulator – ‘marrying Narratives to the Numbers’. Asking qualitative questions and quantifying its impact will aid the valuation exercise.

She drew attention to some of the avoidables, e.g. mismatch of numerator with denominator, use of old comparables, hockey stick forecast. She also touched upon the Auditor’s responsibility in respect of a valuation reflected in financials audited by it.

Last, but not the least, CA Snehal Pawar emphasized on documentation of the communication, stress test of the manner of arriving at a conclusion.

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