Description
See the processes on how to measure lost profits in commercial disputes when a business experiences an actionable harm. Expand your knowledge in this valuable service area in forensic accounting.
Designed For
- Forensic accounting and valuation professionals looking to expand their knowledge in this area
Objectives
- 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.
Highlights
- Types of damages
- Reasonable certainty
- Authoritative and non-authoritative standards
- Lost profits formula and models
- Lost revenue and estimating costs