Lost Profits, the Basics
Video Transcript
Robert Bonavito, forensic accountant, discusses lost profit which is based on his education, training and experience of over 40 years. This video is the first in a series that will cover: 📌 How to calculate lost profits through several methods and when it is needed 📌 The goal of lost profits calculation 📌 Key elements to lost profits 📌 Legal requirement that the plaintiff must prove including Reasonable certainty , Foreseeability, damage to the plaintiff is predictable , Damage period , Mitigation , Time value of money and Post judgment interest 📌Different scenarios for lost profit calculations including: 1. Before-and-After Method 2.Yardstick Method 3. Before-and-During Method 4.Market Projection Method: 5. Discounted Cash Flow (DCF) Analysis 6. Incremental Profits Method: