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| Monte Carlo Simulation: Assessing a Reasonable Degree of Certainty (1472Q) |
Course CPE: 2 hour(s)
Field(s) of Study: Computer Software and Applications–1 hr; Finance–1 hr;
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study
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Number: 20PM1119MCS
Shipping Weight: 0lbs. 0oz. |
| Price:
$147.00 |
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Recording Date: November 19, 2020
Presenter: David Solis
Program Description:
In the world of evaluating damages, experts must grapple with achieving a reasonable degree of certainty. Whether it be projecting future earnings of an individual or forecasting revenue and expenses for a company, financial experts cannot with 100% certainty predict financial outcomes that have not occurred or did not occur. We therefore abide by the “reasonable degree of certainty” standard in applying our skills, knowledge, education, experience, and/or training to the facts of the matter, to form opinions on those financial outcomes that never actually occurred. This session explores the application of Monte Carlo simulation to damages analyses that contain inputs that may not be known with a reasonable degree of certainty.
After completing this course, attendees will be able to:
- Define what Monte Carlo simulation is
- Demonstrate the uses of Monte Carlo simulation in financial forensics
- Construct Monte Carlo simulation models
- Apply Monte Carlo simulation to damages analyses
- Assess one's reasonable degree of certainty with Monte Carlo simulation
- Utilize Monte Carlo simulation for other purposes
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) 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.nasbaregistry.org.
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