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Author: |
Christopher J Demaline, CPA, CMA, CFE, MBA |
Course Length: |
Pages: 30 ||| Word Count: 8724 ||| Review Questions: 10 ||| Final Exam Questions: 8 |
CPE Credits: |
1.5 |
IRS Credits: |
0 |
Price: |
$13.45 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course provides an overview of the Discounted Cash Flow method of asset valuation, explaining how to estimate future cash flows and apply risk adjusted discount rates.
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Frequently Asked Questions: |
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Description: |
The purpose of this course is to provide an overview of the Discounted Cash-Flow (DCF) Method of valuation. The DCF method requires that an estimated cash flow and a risk-adjusted discount rate be determined. This course summarizes commonly-used cash-flow proxies and discount rate estimation tools. |
Usage Rank: |
17857 |
Release: |
2023 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: What Is Asset Valuation? Absolute Valuation Methods, and Example
Internal: Current Assets and Asset Valuation (Video)
Internal: Fair Value Accounting: Tools and Concepts - v13
External: Discounted Cash Flow (DCF) Explained (Investopedia)
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
06-Mar-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Asset Valuation Using Discounted Cash Flows - v13 - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives
2. Compare cash flow to U.S. GAAP-based net income 3. Recognize the relationship between risk and reward 4. Recognize commonly-used discount rate models 5. Understand how assets are valued using a discounted cash flow model Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
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Course Contents: |
Chapter 1 - Introduction Review Questions Chapter 2 - Valuation - Background Review Questions Chapter 3 - Future cash flows Cash Flow vs. U.S. GAAP-based Net Income Cash Flow Estimation Models Cash Flow Model – EBITDA Cash Flow Model – Income from Continuing Operations Cash Flow Model – S&P Core Earnings Summary – Cash Flow Estimation Review Questions Chapter 4 - Discount rate Risk–Reward Relationship Estimating the Discount Rate Capital Asset Pricing Model (CAPM) Arbitrage Pricing Model (APM) Comparison of APT and CAPM Summary – Discount Rate Review Questions Chapter 5 - The complete model - Value equals estimated cash flow divided by the discount rate Conclusion Review Questions Glossary |
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