Introduction to Monte Carlo Simulation in Financial Reporting

CGMA Essentials

Video

Introduction to Monte Carlo Simulation in Financial Reporting

Speakers: Travis Harms, CPA, Senior Vice President, Mercer Capital, Memphis, TN; Shaun Maloney, CPA, CGMA, ABV, CFF, CFA, Director , Eisner Amper,LLP

  • Format

    Video

  • Level

    Intermediate

  • Duration

    50m

This video will guide attendees through simple applications of the Monte Carlo Simulation, discussing the steps and inputs necessary to develop a credible and accurate model while also identifying mistakes and missteps commonly seen in practice.

Learning outcomes

  • Select the inputs required and appropriate support
  • Analyse the application of the model
  • Identify common errors and mistakes in application

£35.00 (CIMA members only)

£45.00

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Product information

Overview

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.

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:Basic knowledge of, or general experience in, forensic accounting, business valuation, or litigation
Programme level:Intermediate
Duration:50m
Format:Video
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£35.00 (CIMA members only)

£45.00

VAT calculated on checkout

Speakers

  • Travis Harms, CPA, Senior Vice President, Mercer Capital, Memphis, TN

    Travis leads Mercer Capital’s Financial Reporting Valuation Group. His practice focuses on providing public and private clients with fair value opinions and related assistance pertaining to goodwill and other intangible assets, stock-based compensation, and illiquid financial assets. Travis is a frequent speaker on valuation and related topics to audiences of business owners, financial executives, auditors, and valuations specialists at professional conferences and other events across the U.S. In addition, Travis performs valuations used for tax compliance, ESOP compliance, and other purposes for clients in a wide range of industries. Travis was a member of The Appraisal Foundation’s working group addressing best practices for control premiums, and co-authored the book Business Valuation: An Integrated Theory, Second Edition, with Z. Christopher Mercer, FASA, CFA, ABAR.

  • Shaun Maloney, CPA, CGMA, ABV, CFF, CFA, Director , Eisner Amper,LLP

    Shaun F. Maloney is a Director in the firm’s Financial Advisory Services Group. With nearly 10 years of experience, Shaun specializes in valuing businesses and intangible business assets, and the analysis of damages and lost profits. Shaun’s business valuation experience consists of valuations for financial reporting, shareholder buyouts, tax reporting, mergers and acquisitions, and various civil and commercial litigation matters. He has conducted valuations of securities and intangible assets of public and private corporations under IRC 409a, ASC 350, ASC 718, ASC 805, and ASC 820. A portion of his work has involved fair value measurements for financial reporting purposes, including intangible assets in purchase price allocation and impairment testing. Shaun also devotes time to the review of external specialist reports and provides valuation support for the firm’s audit teams. His experience in damages analysis and lost profits has been in the areas of shareholder actions, breaches of contract, matrimonial matters, and other disputes. Shaun currently serves as Chair of the New Jersey Society of Certified Public Accountants’ (NJSCPA) Business Valuation Forensic Litigation Services Interest Group and is a member of the American Institute of Certified Public Accountants’ (AICPA) Accredited in Business Valuation (ABV) Credential Committee. As a speaker, he has presented at NJSCPA interest group meetings and at the American Institute of Certified Public Accountants’ (AICPA) Forensic and Valuation Services Conference. Shaun is a past recipient of the AICPA’s Standing Ovation Award for his contributions to the areas of forensic accounting and business valuation.