Course Description

As trusted business advisors, attorneys are often the first to receive a call from a client experiencing a loss due to fraud, tortious interference, business interruption, shareholder disputes, alter ego, theft of technology, and/or breaches of contract. Establishing or defending such a claim requires immediate action to capture the vital information, to identify the key facts and to mitigate ongoing losses.

This session will cover the scope and purpose of commercial damages analyses, from identifying important financial elements of a calculation to evaluating economic damage calculation methods. The presentation will draw from realworld case studies, both in terms of preparing an economic damage claim as well as defending an economic damages case.

This course includes video recorded from a Zoom presentation for the Butler County Bar Association.


Course Deadline Notice:

Axom Education will no longer be offering online CLE courses after the December 31st, 2022 compliance deadline.  Any courses purchased from October 15th, 2022 through December 31st, 2022 must be completed by January 10th, 2023 to receive CLE credit.


CLE Credit:

1.0 PA Substantive CLE

This course contains approximately 60 minutes of content, all of which is required for course completion.  

Your certificate of completion will be issued automatically after all elements of the course have been viewed/completed.  Credits will be reported to the CLE Board within 30 days of your completion of the course and your completion date will be reported as the day on which you actually finished the course.


Minimum System Requirements:

This course includes downloads of PDF documents (Portable Document Format) and streaming video. Viewing the documents will require Adobe Acrobat Reader or other PDF viewing software.  Adobe Acrobat Reader is available for free from the Adobe website.

The video player will run on Mac OS, Windows and Linux as well as most mobile devices and tablets on any browser that supports Adobe Flash and/or HTML5.  Supported browsers include Chrome, Safari, Firefox, Internet Explorer 9,10,11, and Microsoft Edge.  Internet Explorer 8 is not supported on Windows XP for security reasons, but is supported on Windows 7 or higher operating systems.

An internet connection with a minimum speed of 768 kilobits per second is required.  At least 5MB/sec is recommended to stream video in full HD quality.  Please note that the video player may downgrade the quality of the video to accommodate lower connection speeds.

Course Presenter

  • John Petrancosta and Jim Carroll

    John Petrancosta and Jim Carroll

    John Petrancosta, CPA/ABV/CFF, CFE, CVA, is a Director in the Pittsburgh office of BDO USA, LLP. He has more than 20 years of experience providing consulting services in business valuation, damage calculations, equitable distribution, white collar crime, bankruptcy, valuation of intangible assets and impairment testing.

    Jim Carroll, CPA/CFF, CFE, CRMA, MBA, MS, is a Director in BDO’s Forensics Advisory practice. He has over twenty (20) years of experience, with expertise in fraud and forensic accounting investigations, forensic accounting analyses, financial investigations of embezzlement and white-collar crime, post- acquisition disputes, economic damage quantification, forensics accounting and analysis for contract disputes (including tolling agreement disputes), and other financial issues, including Robinson- Patman Act damage quantifications and analyses.

Course curriculum

  • 1
    Commercial Damages: Quantification Considerations
    • How to Navigate This Course
    • Commercial Damages Course Materials
    • Commercial Damages Part One
    • Commercial Damages Part Two
    • Course Evaluation (Required)