Lost Profit Engagements for Forensic Accounting and Valuation Practitioners

Overview

Lost Profit Engagements

Gain a foundation

Gain a solid foundation to perform credible lost profits analyses.
As a practitioner with expertise in the forensic accounting and valuation disciplines, understand how to measure lost profits in commercial disputes when a business experiences an actionable harm.

Know your role

Understand your role as both non-testifying consultants and testifying expert witnesses.

Understand how to perform sound analyses that are credible from a theoretical perspective, tied to facts, and legally admissible.

Highlights

Key Topics

• Types of damages
• Reasonable certainty
• Authoritative and non-authoritative standards
• Lost profits formula and models
• Lost revenue and estimating costs

Prerequisites

No

Designed For

Who Will Benefit

• Forensic accounting and valuation professionals looking to expand their knowledge in this area

Objectives

Learning Outcomes

• Recognize the legal principles governing the recovery of damages and how lost profits are a measure of damages.
• Recall the concept and the assessment of lost profit calculations.
• Identify the methods and approaches used for estimating lost revenues and the associated avoided costs.
• Identify other factors that may be relevant to calculating lost profits such as prejudgment interest, discounting damages, tax implications, and mitigation.