Economic Damages in Business
Overview:
AICPA's Fundamentals of Forensic Accounting Certificate Program
This course is part of the Fundamentals of Forensic Accounting Certificate Program - a comprehensive, integrated curriculum - covering AICPA's entire Body of Knowledge in this topic area. The program will provide you with the training, knowledge, and practical guidance needed for a solid understanding of financial forensics. Credit for individual courses purchased can be applied to the full program when you enroll within one year of the original purchase date. Please visit cpa2biz.com/forensic for information on the complete program.
In this course, you'll get an overview of the different methods used to analyze and quantify economic damages in business. You'll also be introduced to the role of the financial forensics professional in analyzing claims for economic damages, as well as the professional and legal standards that apply to this work.
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Objectives:
Learning Outcomes
- Define economic damages.
- Summarize the types of disputes which involve claims for economic damages.
- Describe the role of the financial forensics professional in analyzing claims for economic damages.
- Apply the relevant professional standards to engagements to quantify and present economic damages.
- Distinguish the general methods used to quantify economic damages.
Major Topics:
Key Topics
- Introduction to economic damages
- Key components of an economic damages analysis
- Five methods for calculating lost profits
- Calculating lost business value
- Calculating other types of economic damages
Designed For:
Who Will Benefit
- New and seasoned financial professionals who want to expand their skillset and explore a growing niche practice area.