NACVA Exam CVA Topic 3 Question 62 Discussion

1. Obtain or develop a cost-basis balance sheet

2. Determine which assets and liabilities on the cost-basis balance sheet require a revaluation adjustment

3. Identify off-balance sheet intangible assets or contingent liabilities that should be recognized and valued

4. Identify off-balance sheet or contingent liabilities that should be recognized and valued

5. Estimate the value of the various asset and liability accounts identified in steps 2 through 4

6. Construct a value-basic balance sheet, based on the indicated values concluded during step 1 through 5, and quantify the subject value All these above statements are the steps of: