The Discounted Cash Flow Model: Concepts, Issues, and Applications
Register
- Date
- On Demand
- Location
- Sponsor
- Appraisal Institute
- Instructor
- Kenneth M. Lusht, MAI, SRA
- Class Time
- 5 hours
- Full Price
- $100.00
- AI Price
- $85.00
Course Description
Developed for appraisers with varied appraisal backgrounds, this seminar focuses on the basic concepts and principles of discounted cash flow valuation and modeling. DCF modeling is a powerful tool when properly used and understood.
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Who Should Enroll
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 5 | 5 | Online | Online | 07/26/2021 | 07/26/2024 | 18471 | |
| AL | CE | 5 | 5 | Online | Online | 10/01/2022 | 09/30/2024 | C02860 | |
| AR | CE | 5 | 5 | Online | Online | 12/26/2020 | 06/26/2025 | ||
| AZ | CE | 5 | 5 | Online | Online | 01/01/2022 | 05/14/2024 | 77059 | |
| CA | CE | 5 | 5 | Online | Online | 11/25/2020 | 11/24/2024 | 12CP754601029 | |
| CO | CE | 5 | 5 | Online | Online | 10/31/2012 | 05/14/2024 | ||
| CT | CE | 5 | 5 | Online | Online | 05/15/2021 | 05/14/2024 | AAL.001104 | |
| DC | CE | 5 | 5 | Online | Online | 07/19/2023 | 02/28/2024 | 6097 | |
| DE | CE | 5 | 5 | Online | Online | 01/01/2022 | 05/14/2024 | 77059 | |
| GA | CE | 5 | 5 | Online | Online | 10/31/2012 | 63304 | ||
| HI | CE | 5 | 5 | Online | Online | 11/07/2023 | 05/14/2024 | 23-353 | |
| IA | CE | 5 | 5 | Online | Online | 07/14/2021 | 05/14/2024 | A518-1200 | |
| ID | CE | 5 | 5 | Online | Online | 03/28/2022 | 05/14/2024 | ||
| IL | CE | 5 | 5 | Online | Online | 10/16/2023 | 12/31/2024 | 575.001761 | |
| IN | CE | 5 | 5 | Online | Online | 01/01/2022 | 05/14/2024 | 77059 | |
| KS | CE | 5 | 5 | Online | Online | 08/28/2023 | 12/31/2023 | 480.C23.N | |
| KY | CE | 5 | 5 | Online | Online | 07/01/2023 | 06/30/2024 | ||
| LA | CE | 5 | 5 | Online | Online | 07/01/2021 | 05/14/2024 | A0213 | |
| MA | CE | 5 | 5 | Online | Online | 03/23/2021 | 05/14/2024 | 10051239 | |
| MD | CE | 5 | 5 | Online | Online | 01/01/2022 | 05/14/2024 | 77059 | |
| ME | CE | 5 | 5 | Online | Online | 01/01/2022 | 05/14/2024 | 77059 | |
| MI | CE | 5 | 5 | Online | Online | 05/14/2021 | 05/14/2024 | 3207 | |
| MN | CE | 5 | 5 | Online | Online | 05/01/2023 | 04/30/2025 | 1027440 | |
| MO | CE | 5 | 5 | Online | Online | 05/15/2021 | 05/14/2024 | ||
| MS | CE | 5 | 5 | Online | Online | 08/27/2023 | 05/14/2024 | MAB #49555 | |
| MT | CE | 5 | 5 | Online | Online | 05/16/2021 | 05/14/2024 | REA-CEC-REC-13682 | |
| NC | CE | 5 | 5 | Online | Online | 05/04/2023 | 12/31/2023 | 4565 | |
| ND | CE | 5 | 5 | Online | Online | 08/31/2021 | 05/14/2024 | CE-221057S | |
| NH | CE | 5 | 5 | Online | Online | 05/15/2021 | 05/14/2024 | ||
| NJ | CE | 5 | 5 | Online | Online | 11/27/2012 | 05/14/2024 | 2012-3094 | |
| NM | CE | 5 | 5 | Online | Online | 05/15/2021 | 05/14/2024 | 4316 | |
| NV | CE | 5 | 5 | Online | Online | 06/01/2021 | 08/31/2024 | CE.0009786-A | |
| OH | CE | 5 | 5 | Online | Online | 01/01/2021 | 12/31/2023 | 923306808A 23 | |
| OH | CE | 5 | 5 | Online | Online | 01/01/2024 | 12/31/2024 | 923403108A 23 | |
| OK | CE | 5 | 5 | Online | Online | 05/15/2021 | 05/14/2024 | 963 | |
| OR | CE | 5 | 5 | Online | Online | 11/01/2023 | 05/14/2024 | APIN-C-1123-9014 | |
| PA | CE | 5 | 5 | Online | Online | 11/21/2012 | 05/14/2024 | ||
| PR | CE | 5 | 5 | Online | Online | 01/01/2022 | 05/14/2024 | 77059 | |
| RI | CE | 5 | 5 | Online | Online | 03/30/2021 | 05/22/2024 | REA.0001696-CE | |
| SC | CE | 5 | 5 | Online | Online | 09/01/2022 | 08/31/2024 | DE1491 | |
| SD | CE | 5 | 5 | Online | Online | 09/18/2021 | 08/17/2024 | SD 949 CE | |
| TN | CE | 7 | 5 | Online | Online | 12/01/2022 | 11/30/2025 | 00001620 | |
| TX | CE | 5 | 5 | Online | Online | 04/01/2023 | 05/15/2024 | TX Provider #:10 Course #: 45659 | |
| UT | CE | 5 | 5 | Online | Online | 04/01/2023 | 05/31/2025 | AC230529 | |
| VA | CE | 5 | 5 | Online | Online | 01/01/2022 | 05/14/2024 | 77059 | |
| VT | CE | 5 | 5 | Online | Online | 02/04/2021 | 02/04/2025 | ||
| WA | CE | 5 | 5 | Online | Online | 05/15/2021 | 05/14/2024 | A23025782 | |
| WI | CE | 5 | 5 | Online | Online | 01/01/2022 | 05/14/2024 | 77059 | |
| WV | CE | 5 | 5 | Online | Online | 05/15/2021 | 05/14/2024 | ||
| WY | CE | 5 | 5 | Online | Online | 05/15/2021 | 04/24/2024 |
Course Objectives
- Recognize the three categories of factors driving income property value.
- Explain why cash flows are discounted.
- Determine present values.
- Explain how the DCF model reflects how the market determines value.
- Understand the theoretical underpinnings of PV, NPV, and IRR.
- Make defensible choices of discount rates.
- Apply both blended and cash flow–specific discount rates to arrive at PV estimates.
- Explain the relationship between the discount rate(s) and the timing of expected cash flows.
- Recognize the unreliable nature of the occasional inaccurate investment forecast.
- Describe basic strategies to minimize the negative impacts of inaccurate investment forecasts.
Course Details
Prerequisites
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 12/31/2050 |
$100.00 | $85.00 |