Lost Profit Engagements for Forensic Accounting and Valuation Practitioners
Available Anytime
Location:
Online
4Credits
Technical Business
Registration is Open
FICPA Members
Nonmembers
$120.00 Regular Price
Product Code: AI23-LPEF
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Specialized Knowledge
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.
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.
Major Topics:
Key Topics
- Types of damages
- Reasonable certainty
- Authoritative and non-authoritative standards
- Lost profits formula and models
- Lost revenue and estimating costs
Designed For:
Who Will Benefit
- Forensic accounting and valuation professionals looking to expand their knowledge in this area