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.
After this session attendees will be able to:
1. Understand the inputs required and appropriate support;
2. Demonstrate the application of the model;
3. Identify common errors and mistakes in application.