Verdeja, De Armas & Trujillo, LLP has been ranked among top litigation support accounting firms in South Florida. The South Florida Business Journal releases their list of Top 25 Litigation Support firms every year and Verdeja, De Armas & Trujillo, LLP ranked #16 in their 2018 list.
Litigation Support provides assistance of an accounting nature in a matter involving existing or pending litigation. It deals primarily with issues related to the quantification of economic damages. A typical litigation support assignment would be calculating the economic loss resulting from a breach of contract.
Forecasts & Projections in Litigation Support:
When reviewing an expert’s valuation or damages report in a litigation proceeding, an important element of the report are the financial forecasts or projections used by the expert in arriving at his or her opinion.
Financial forecast – Forecasts are prospective financial statements that present an entity’s expected financial position, results of operations, and cash flows. A financial forecast is based on the responsible party’s assumptions reflecting the conditions it expects to exist and the course of action it expects to take.
Financial projection – Projections are prospective financial statements that present, given one or more hypothetical assumptions, an entity’s expected financial position, results of operations, and cash flows. A financial projection is sometimes prepared to present one or more hypothetical courses of action for evaluation. A financial projection is based on the responsible party’s assumptions reflecting conditions it expects would exist and the course of action it expects would be taken, given one or more hypothetical assumptions.
Business valuation is the process of determining the economic value of a business or company. Business valuation can be used to determine the fair value of a business for a variety of reasons, including sale value, establishing partner ownership, and divorce proceedings.
As the range of needs for valuing businesses continues to widen, Verdeja, De Armas & Trujillo, LLP can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. There are many factors that contribute to the perceived value of a business. Our experts can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.