Forensic & Valuation Services Conference 2018

FVC1821 - Dexterity in Damages: Covering All the Angles

Nov 5, 2018 5:25pm ‐ Nov 5, 2018 6:15pm


Description

Evaluate the various specializations that are typically brought to bear in commercial economic damages analyses (economics, accounting, and finance) and assess how an effective economic damages financial expert should incorporate all three of these perspectives.

Those with an economics background usually approach economic damages from a "revenues/demand" perspective (such that they are usually retained by plaintiffs), those with an accounting background usually approach economic damages from an "expenses/supply" perspective (such that they are usually retained by defendants), and those with a finance background usually seek to bypass the assessment of revenues and expenses by instead focusing on the risks (discount/cap rates) associated with management-prepared projections. This session will discuss the synthesis of these complementary perspectives when interpreting the fact pattern and formulating opinions. Using a case study, examine the interplay between forensic accounting and business valuation when integrating economic, accounting, and finance perspectives into your calculation of commercial economic damages. Specifically, learn how forensic accounting and business valuation can enhance your effectiveness in assessing revenues, expenses, and risk in both the but-for and actual worlds. By avoiding a myopic approach that only plays to your background/strengths, your findings will become more credible and you will be better prepared for cross-examination.

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