Author(s)
Publisher:
AICPA
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NASBA Field of Study
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Format
On demand
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Level
-
CPE Credit
0
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Course acronym
-
Prerequisites
-
Course duration
50 Minutes
Credit Info
Introduction to Monte Carlo Simulation in Financial Reporting
As the complexity of financial instruments and business valuations continues to increase, the Monte Carlo Simulation (MCS) is becoming a critical tool for valuation professionals, particularly in the financial reporting context.
This video 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.
This video 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.
Topics discussed
Learning objectives
Select the inputs required and appropriate support
Analyze the application of the model
Identify common errors and mistakes in application
Who will it benefit?
Basic knowledge of, or general experience in, forensic accounting, business valuation, or litigation
