New Date: Tuesday, April 11, 2017
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar

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Featuring  (click image for bio)

John Elmore
Willamette Management Associates

About This Program

Valuation analysis often relies on imprecise inputs. To compensate for this uncertainty, valuation analysts sometimes employ a range of inputs to represent likely “what-if” scenarios, such as sets of “low,” “high,” and “expected” input values. While this rough approximation may be acceptable for the purposes of many analyses, the results tend to reflect bias and estimation error on the part of the valuation analyst as the input selection essentially distills a large number of possible inputs down to a handful. Monte Carlo simulation method was introduced to valuation analysis to mitigate this kind of error. The Monte Carlo method uses a computer to generate a large number of scenarios based on probabilities for inputs, and gives the valuation analyst insight into the most likely result and the likelihood of other outcomes. Join valuation expert John Elmore for an introduction to the Monte Carlo method for valuing business interests and intangible assets. Get comfortable with Monte Carlo with a straightforward step-by-step guide for applying the Monte Carlo method using familiar Excel functions without the need for employing more complicated simulation software or Excel plugins. 


    Overview of the Monte Carlo Simulation Method

    • Monte Carlo simulation defined
    • Steps involved in a Monte Carlo simulation
    • Overview of relevant Excel functions used to generate a Monte Carlo simulation

    Measuring Uncertainty

    • Identifying uncertainty in valuation analysis
    • Understanding how to model the uncertainty as a distribution of possible inputs

    Applying the Monte Carlo Method with Step-by-Step Examples

    • Valuation of an ownership interest in a company
    • Valuation of an intangible asset

    Monte Carlo Method Resources for Reference and Further Study

Learning Objectives

  • Understand Monte Carlo simulation method as applied to valuation
  • Demonstrate Excel functions used to generate a Monte Carlo simulation
  • Understanding of how to model the uncertainty of inputs to a valuation
  • Learn how to apply the Monte Carlo method in Excel to value a business interest
  • Learn how to apply the Monte Carlo method in Excel to value an intangible asset

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Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Specialized Knowledge & Applications)

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