Forensic accountants are often called upon as experts in matters to review and analyze underlying foundational evidence and measure lost profits and other damages related to breach of contract and tort claims. For an expert’s analysis and conclusions to survive the rigors of the litigation environment, the expert’s work must be within the realm of conventional damages theory and be based upon generally accepted approaches and methods of damages measurement. This webinar will focus on lost profit calculations including the fundamentals of damages measurement, alternative approaches and methodologies, determining lost profits versus loss of business value, the importance of foundational evidence, and available research sources.
- Explore the following:
- Determining the proper damages period
- Methods used to estimate lost revenues
- Analysis of variable or saved expenses
- Projecting past and future lost profits damages
- Use of discount rates to present value damages
- Establishing a reliable foundation
- Sufficient reliable data and information
- Industry and economic data
Lela Lawless, Senior Manager, CPA, ABV, CFF, CVA
With more than 20 years of experience in public accounting, Lela has the knowledge and skill set to manage complex litigation support for business valuation, forensic accounting, fraud detection, and claims analysis, as well as economic damage calculations related to lost profits, fraud schemes, accounting malpractice claims, securities litigation, bankruptcy, employment, contract and other business disputes. Lela is experienced in preparation of expert reports, supporting schedules, analysis, and exhibits used in all phases of commercial litigation.
CPE: 1 hour
These are live-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.