Damages as Lost Profits vs. Loss of Business Value This critical thinking assignment focuses on the following student learning objectives as it relates to the course objectives (CO) described under...

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Damages as Lost Profits vs. Loss of Business Value


This critical thinking assignment focuses on the following student learning objectives as it relates to the course objectives (CO) described under theGetting Started - About This Course page:



  • describe and evaluate the economic damages found in litigation.(CO1, CO2, CO3, CO4)

  • effectively utilize various forms of technology to demonstrate forensic accounting concepts, discussion, and analysis (CO1, CO2, CO3, CO4)

  • apply critical thinking skills to consider and evaluate cases to effectively formulate meaningful, relevant written communications to forensic accounting issues. (CO1, CO2, CO3, CO4)



General Instructions:


For this assignment, you will be responsible for researching the Internet to learn more about damages measured as either "lost profits" or "loss of business value." Write a report comparing and contrasting the two approaches. Complete and submit the assignment by 23:59 ESTFriday.



Detailed Instructions:

In aword document, please provide a well-developed, critical response to compare and contrast the two approaches of damages measured as either lost profits or loss of business value.



Be sure to include your references for this assignment. It is ok to use the text; however, you must research and provide information from the Internet, as well.


Save you file based on the assignment name and your name. For example, an appropriate header for your case would beM7A3 Critical Analysis Your Name.


You will be graded based on following instructions, critical thinking, well-developed response, clear and concise, and mechanics such as grammar, punctuation, and sentence structure. Please see the enclosed rubric for more details.



Submission Instructions:


To avoid plagiarism, please be sure to follow APA 7th edition format and cite the reference(s), where needed. ThePurdue Owl website(Links to an external site.)contains instructions and examples for APA formatting. If your comments are in your own words, it is not necessary to quote or cite the reference.


To assist you with grammatical concerns, you may find the following link helpful
https://www.englishgrammar.org/(Links to an external site.)


Submit your assignment here by the due date indicated above.Late assignments will not be accepted.You will receive rubric feedback within the next module after the assignment due date.



Grading Rubric


Your assignment will be graded according to the grading rubric attached.


Crain, M.A., Hopwood, W.S., Gendler, R.S., Young, G. R., & Pacini, C. (2019).Essentials of Forensic Accounting (AICPA) 2ndEdition. Hoboken, New Jersey: Wiley Publishing Inc





Answered 1 days AfterApr 19, 2021

Answer To: Damages as Lost Profits vs. Loss of Business Value This critical thinking assignment focuses on the...

Pallavi answered on Apr 21 2021
139 Votes
Critical Analysis
If any business organization experiences economic and or reputational loss due to an act of the other p
arty or due to a breach of duty of care by other party, it is entitled to sue the other party for damages. In any litigation that is file by any business against the other party, there are mainly two approaches to measure the loss suffered by the business, which it wants to cover from the other party- Lost profits approach and the loss of business value approach.
The lost profits approach is resorted to when a business entity experiences a monetary loss owing to the act of some other party; however the acts have not caused physical loss to the business or affected the functioning of business in the usual course. The acts for which lost profits approach is usually resorted to covers those acts where business had to suffer from downfall in its sales revenue or business had to spend substantially higher costs than what it would have otherwise incurred (Kolaski and Kuga, 1998). It is expected that the business would be able to cover the loss of revenue or extra costs at certain point of time in future. As per the law, it is the responsibility of the party who was liable for causing the...
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