|Posted on May 8, 2014 at 2:10 PM|
It is Thursday and I am listening in on this webinar that is being presented by Michael Pakter (Chicago) and Michael Kaplan (Los Angeles). Both, whom I know, are terrific experts and readily available to answer questions. The two are pitching the MastersAnalyst in Financial Forensics (MAFF), which is offered by NACVA. This is a program that I took and includes a mock jury trial where the jury will grade counsel and the experts. It is worth attending, especially for attorneys and those hoping to be expert consultants and witnesses.
Thursday, May 8, 2014
11:00 a.m. Central time (CT) and 12:00 p.m. Eastern time (ET)
These Commercial Damages and Lost Profits Webinars, together with the Legal Theory and Case Law Webinar and Forensic Accounting/Investigative Methodologies Webinar, and the Litigation Bootcamp for Financial Experts live training, are required for individuals seeking the Master Analyst in Financial Forensics (MAFF) credential. Applicants must also meet prerequisite requirements and pass the MAFF proctored exam.
Financial forensics experts are often typically called upon in these matters to review and analyze the underlying foundational evidence and measure the lost profits and other related damages. 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. In addition the calculation of lost profits and other recoverable business damages are typically governed by federal, state, or other jurisdictional code sections and case law.
These Commercial Damages and Lost Profits Webinars of the MAFF curriculum focus upon the foundations and fundamentals of economic damages measurement, including alternative approaches and methodologies, notable code sections and case law, foundational evidence and research sources, reporting guidelines, and strategies embraced by the most effective economic damages experts. Financial experts are retained, among other areas, to perform, review, or opine on damage calculations. Different legal theories allow for different measures of damages. This specialty module will explore the accepted approaches used for the various types of economic damages as well as the accepted methodologies of damages calculations.
Focus of the curriculum will be on lost profit calculations, lost business value versus lost profits, and accounting for different industry and loss scenarios. The instructors will examine models and cases used in the measurement and presentation of economic damages, including economic and industry data. They will also provide an understanding of the integration of statistical and economic concepts into the formation of damages models.
- After completing this session, attendees will be able to:
- Apply the traditional methodologies used for economic damages
- Explore and evaluate alternative approaches in the measurement of damages
- Apply models used in the measurement and presentation of economic damages
- Identify sources of information, including economic and industry data
- Integrate the use of statistical and economic concepts into damages models
- Discuss case law that impacts damages measurement
Who Should Attend
CPAs, valuation experts, economists, and other financial professionals who render services designed to assist in the resolution of legal disputes involving financial matters.
The Commercial Damages and Lost Profits Webinars are required training to obtain the Master Analyst in Financial Forensics (MAFF) credential.
Michael Kaplan, CPA, ABV, CVA, MAFF
Rebekah Smith, CPA, CVA, MAFF, CFF
Howard Zandman, CPA, CFF,
If you are in a damages or lost profits case, contact us at Central Washington Appraisal, Economic & Forensics, LLC at (509) 679-3668, we can advise on the value of the case and assist with strategy. Yes, there are upfront costs, but the information provided shapes the strategy and is cost effective. In fact, the case may settle.