With the increasing complexity of valuation engagements and their more critical, authoritative reviews, it is essential that professionals understand the effects of uncertainty in their valuation analysis. Without this understanding, valuation professionals are exposed to unnecessary risks and potential defeat. This advanced valuation workshop extends/complements typical valuation analyses with Monte Carlo simulation. Participants will gain a working knowledge of Crystal Ball's Monte Carlo simulation Excel add-in and its application to valuation engagements including securities valuations, and SFAS 141/142 projects. With the tools and techniques from this workshop, you will be able to quantify the effects of uncertainty on value, gain insight including a ranking of the variables that drive value, and replace "what if" iterations and other risk analysis tools with automated procedures. This is a hands-on workshop with case studies and exercises; participants will be provided with a trial version of Crystal Ball. (Crystal Ball is a registered trademark) Instructors: Kevin Couillard, ASA and Dave Ewert, Ph.D. Level: Advanced