Business Valuation Resources, LLC

Advanced Workshop on Monte-Carlo Simulations

Date: Thursday, March 8, 2012
Time:
10:00am-2:00pm PT / 1:00pm-5:00pm ET
Format: A BVR Interactive Web Workshop

Earn 4.5 CPE credits
Add this workshop to your calendar

Register for this program:

Web Workshop - $499
Training Pack* - $499
Web Workshop & Training Pack* - $649

     Priority Code:

*Workshop Recording includes: a complete recording with all presentation and reading materials
Please note: CPE credit is not available through Workshop Recording
More information is available below

Featuring (click image for more information):

David Dufendach
CPA/ABV, ASA
Grant Thornton LLP
Jason A. Andrews
Grant Thornton LLP

Why You Should Attend:

Having long held a reputation as a confusing – even baffling – statistical analysis technique, Monte Carlo simulations have received short shrift in the valuation process as practitioners have opted for simpler, and more easily explainable techniques. In doing so, the valuation community has left out an important and useful tool from their analysis that could provide invaluable insights.

In the "Advanced Workshop on Monte Carlo Simulations," experts David Dufendach and Jason Andrews explain the nuance and challenge of this valuation technique, removing its complexity and providing clarity for the valuation analyst seeking to harness this powerful tool. Over the course of this intensive four-hour workshop, Dufendach and Andrews will lead attendees through case-studies and hands-on examples as they present from their Seattle offices via a live, interactive video feed. Never has there been a better opportunity to master the Monte Carlo simulation.

This presentation will rely on case studies and other examples of Monte Carlo Simulations in action, shown without emphasis on computer programs, familiarity with which are not a prerequisite for this workshop.

Agenda

  • Introduction to Monte Carlo Simulations
    • When Monte Carlo simulations may be appropriate
    • Why Monte Carlo simulations may be appropriate
  • Monte Carlo Applications
    • Financial statement metrics (e.g. net income, EBITDA, etc.)
    • Enterprise valuation (income approach)
    • Option valuation
    • Equity derivative valuation
  • Monte Carlo Examples
    • European option
      • Binomial option pricing model
      • Geometric-Brownian Motion
    • Call option with path-dependent market condition
      • Binomial option pricing model
      • Geometric-Brownian Motion
    • Volatility estimation
  • Interpreting Monte Carlo Results
    • Summary of statistical results
    • Indication of value
  • Application Guidance
    • Helpful tips and advice to implementing a Monte Carlo simulation
  • Inappropriate Applications for Monte Carlo
  • Conclusion and Q&A

Learning Objectives

  • Learn how and when to use Monte Carlo simulations
  • Understand how Monte Carlo simulations can be applied in various situations and what adjustments must be made depending on the context
  • Identify the pitfalls of Monte Carlo simulations and analysis and learn how to best prepare for such trouble spots
  • Define the best uses and applications of Monte Carlo simulations as well as how they can be utilized for your current projects

Single Connection Policy
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).

Get Unlimited Access to BVR's Webinar Calendar
Get unlimited access to BVR's webinars all year long with the Training Passport/Training Passport Pro. These easy training solutions provide 12 months of unparalleled access to BVR's webinars, past and future: hear from the top minds in the profession, develop your professional abilities, and earn CPE credits with ease and convenience.

Training Passport/Training Passport Pro subscribers receive:

  • Automatic registration to all qualified webinars and training events on BVR'straining calendar(up to 50 per year). For each event BVR will send login instructions automatically. All you have to do is show up.
  • Monthly emails highlighting what's ahead on our training calendar so you can better plan your professional development.
  • Access to theDesktop Learning Center, our multimedia library of all past BVR webinars and live events. This comprehensive database includes hundreds of titles dating back to 2002 from some of the best minds in the profession.

For more information on the Training Passport/Training Passport Pro or group discounts to single events for 5 or more people, contact BVR at sales@bvresources.com

CPE Credits for Unlimited Listeners
Have as many eyes and ears take advantage of your registered connection as possible: CE credit is available for an unlimited number of listeners to any registered line. To add listeners for CE credit, please complete the Additional Listener form included on your webinar dial-in instruction email. We'll send dial-in instructions one to two days before our program, and will provide information directly to those listeners you identify approximately one hour before our program.

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 4.5 Credit Hours (Specialized Knowledge & Applications)

Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

www.nasba.org
NASBA Sponsor


All BVR training events are eligible for continuing education credits from the Exit Planning Institute's Certified Exit Planning Advisor (CEPA) program. Credits are based on a 50-minute hour. Final acceptance is at the discretion of the Exit Planning Institute.

www.exit-planning-institute.org

Training Packs

BVR's Training Packs are an indispensable addition to any valuation reference library, or the perfect alternative when you cannot attend the session live.

Each Training Pack is delivered approximately 2-4 weeks after the program has aired, and includes:

  • Video file (MP4)
  • Audio file (MP3
  • Transcript of the presentation
  • A copy of the presentation slides
  • A copy of the reading materials, visual aids, and handouts

Please note, CPE is not available with Training Packs.






Sponsored By

Please note: Neither possession of nor familiarity with any computer program are required for this workshop.

BVR's Satisfaction Guarantee:
Business Valuation Resources offers a 100% money-back guarantee. If you are not completely satisfied with your conference experience, or have any concerns or complaints, you may contact Business Valuation Resources at (503) 291-7963, cs@bvresources.com or mail to BVR, LLC, 1000 SW Broadway, Suite 1200, Portland, OR 97205.