Featuring (click image for more information):

Robert M. Lloyd J.D. University of Tennessee  College of Law	Michael A. Crain CPA/ABV, ASA, CFA, CFE The Financial Valuation Group

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Why You Should Attend

In the first part of BVR's Advanced Webinar Series on Lost Profits Damages, Michael Crain and Robert Lloyd discuss the most fundamental obstacle to the amount of a lost profits award or claim: its value – or rather, its present value. As all appraisers know, the value of money changes over time. When this fact is combined with basic considerations of the details of the case and the jurisdictional rules of the court, knowing how to properly discount a damages measurement for interest, discount, and return rates can be daunting. In their presentation, Crain and Lloyd will discuss how these factors and others affect the discounting determination. Discounting for past and future damages claims will be discussed as well as how recent case law has come to impact these considerations.

Agenda

• Why discounting is necessary
• The date to which lost profits are discounted
• Prejudgment interest
• Discounting expected values vs. hoped for values
• When must the discount rate be adjusted for risk?
• Appropriate risk-free and risk-adjusted discount rates
• The case law on discounting: The classic cases and the most recent cases
• Damages for delay in receipt of profits

Learning Objectives

• Learn how and when it is appropriate to discount damages claims and by which techniques those adjustments should be made
• Understand how damages discounts can vary given the facts of a case and the procedures under which it is tried
• Learn the place of risk and risk adjustments in the discounts applied to damages cases
• Learn how case law has come to define this issue and where new case law is leading us

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Purchase of admission to any of BVR's webinars grants ONE phone connection and ONE computer connection per physical location per registration. Additional unregistered phone or computer connections are a violation of BVR's Webinar Usage Policy, and BVR reserves the right to withhold CPE credits from both registered and unregistered users in violation of this policy.

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CPE Credits for Unlimited Listeners

Have as many eyes and ears take advantage of your registered connections as possible:CPE credit is available for an unlimited number of listeners to any registered line. To add listeners for CPE credit, contact customer service (cs@bvresources.com or (503) 291-7963) with main registrant's name, the names of the persons to receive credit, and their email addresses. We welcome as many eyes and ears to take advantage of those connections as possible.

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Specialized Knowledge & Applications)

Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org NASBA Sponsor

On Demand Packs: Conference Recordings & Transcripts

BVR's On Demand Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

Each On Demand Packs includes:

• Recordings and transcripts of the presentation
• All presentation visual aides and handouts
• All ancillary reading materials suggested by our presenters

For a complete list of available On Demand Packs from past webinars, click here.