| Lost Profits Methods and Procedures, Part 1
Program Type: Recorded Webinar (Audio, PPT Presentation)
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing.
Advanced Preparation: None
Delivery Method: Group Internet- Based
CPE Credits: Three (3) Hours
Fields of Study: Accounting
Shipping Weight: 0lbs. 0oz.
Financial forensics experts are often typically called upon in these matters to review and analyze the underlying foundational evidence and measure the lost profits and other related damages. For an expert's analysis and conclusions to survive the rigors of the litigation environment, the expert's work must be within the realm of conventional damages theory and be based upon generally accepted approaches and methods of damages measurement. In addition the calculation of lost profits and other recoverable business damages are typically governed by federal, state, or other jurisdictional code sections and case law.
These Commercial Damages and Lost Profits Webinars focus upon the foundations and fundamentals of economic damages measurement, including alternative approaches and methodologies, notable code sections and case law, foundational evidence and research sources, reporting guidelines, and strategies embraced by the most effective economic damages experts. Financial experts are retained, among other areas, to perform, review, or opine on damage calculations. Different legal theories allow for different measures of damages. This specialty module will explore the accepted approaches used for the various types of economic damages as well as the accepted methodologies of damages calculations.
Focus of the curriculum will be on lost profit calculations, lost business value versus lost profits, and accounting for different industry and loss scenarios. The instructors will examine models and cases used in the measurement and presentation of economic damages, including economic and industry data. They will also provide an understanding of the integration of statistical and economic concepts into the formation of damages models.
After completing this session, attendees will be able to:
- Apply the traditional methodologies used for economic damages
- Explore and evaluate alternative approaches in the measurement of damages
- Apply models used in the measurement and presentation of economic damages
- Identify sources of information, including economic and industry data
- Integrate the use of statistical and economic concepts into damages models
- Discuss case law that impacts damages measurement
Who Should Attend
CPAs, valuation experts, economists, and other financial professionals who render services designed to assist in the resolution of legal disputes involving financial matters.
Michael Kaplan, CPA, ABV, CVA, MAFF
Rebekah Smith, CPA, CVA, MAFF, CFF
Howard Zandman, CPA, CFF, MAFF
Please note: The above presenters may all be presenting at once or they may rotate.