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| Introduction to Lost Profits: An Overview of Methodology, Discounting, and How They Work in Real Life |
Course CPE: 2 hours
Field(s) of Study: Finance
Program Level: Overview
Prerequisites: None
Delivery Method: Self-Study
Advanced Preparation: None
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Item
Number: 18FL0620ILP
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: June 20, 2018
Program Description
This session will provide an introduction to estimating lost profits for those considering expanding their practice into this area. It will discuss methods for examining lost profits (before and after, yardstick, but for) and whether to adjust data provided by the damaged business. The section on discounting future losses to present value will address the divide among experts for determining the appropriate discount rate. All of these discussions will be framed by the three standards set by the courts; foreseeability, proximate cause, reasonable certainty. The session will include case studies exploring practical applications for estimating lost profits that have been accepted in federal and state courts.
Learning Objectives
After completing this webinar, attendees will be able to:
- Analyze information to be used in determining lost profits
- Determine additional data needed to complete a particular lost profits assignment
- Calculate the lost profits including discounting future losses to present value
- Create a report that complies with the expectations of the courts in most jurisdictions
- Explain the reasoning for using a particular methodology and structure in a report
Who Should Attend
CPA's, attorneys, business appraisers, litigation support experts, and any person considering expanding their practice into commercial damages.
Presenter(s):
Allyn Needham |
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