Lost Profit Engagements for Forensic Accounting and Valuation Practitioners
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.
NASBA Field of Study
David Duffus, Alex Walther
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.
- Forensic accounting and valuation professionals looking to expand their knowledge in this area
- Types of damages
- Reasonable certainty
- Authoritative and non-authoritative standards
- Lost profits formula and models
- Lost revenue and estimating costs
- 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.
Group ordering for your team
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