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| Lost Profits and the Modern New Business Rule—How it Works and How Defendants Try to Attack It (1418Q) |
Course CPE: 2 hour(s)
Field(s) of Study: Economics–1 hr; Finance–1 hr;
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.l
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 20FL0618LPM2
Shipping Weight: 0lbs. 0oz. |
| Price:
$147.00 |
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Recording Date: June 18, 2020
Presenter: Allyn Needham
Program Description:
Toward the end of the 20th century, states and federal courts began adopting what has been called the modern new business rule. Under this new rule, start up and newly established businesses may seek and receive lost profits. This course reviews the modern new business rule and how a higher standard of reasonable certainty has been applied under the rule. It will also discuss how the arguments being made by defense attorneys can eliminate or greatly reduce the estimated lost profits. This course will analyze the modern new business rule from both the perspective of both the plaintiff's expert and the defendant's.
After completing this course, attendees will be able to:
- Select the modern new business rule and the higher standard of reasonable certainty set by the courts
- Calculate lost profits for a start up or newly established businesses by applying commonly used methodologies and data found acceptable by courts for this type of assignment
- Identify lost profit calculations made by an opposing expert
- Identify the work performed by another expert and provide alternative assessments based on tools previously used for attacking the modern new business rule
- Identify how to apply the information from this session in assignments relating to start up or new businesses whether the expert has been hired by the plaintiff or defendant
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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