44. Introduction to Monte Carlo Simulation in Financial Reporting

Track: 
Fair Value Measurements
Field of Study: 
Accounting
CPE Credit: 
1.0
Knowledge Level: 
Intermediate
Prerequisite: 
Basic knowledge of, or general experience in, forensic accounting, business valuation, or litigation

Tuesday, November 6, 2018
 
1:50PM-2:40PM

As the complexity of financial instruments and business valuations continues to increase, Monte Carlo Simulation (MCS) is becoming a critical tool for valuation professionals, particularly in the financial reporting context. This interactive session will guide attendees through simple applications of MCS discussing the steps and inputs necessary to develop a credible and accurate model while also identifying mistakes and missteps commonly seen in practice.

Learning objectives:

  • Understand the inputs required and appropriate support
  • Demonstrate the application of the model
  • Identify common errors and mistakes in application


SESSION SPEAKER(S)

Senior Vice President, Mercer Capital
Director, EisnerAmper LLP