44. Introduction to Monte Carlo Simulation in Financial Reporting

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

Tuesday, November 6, 2018

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.