Understand the concept of recasting and why it is important for the business intermediary. An owner's income statement will be reviewed in search of true economic earnings for a business. Discretionary Earnings (DE) will be defined and each element of the definition will be explored in a step-by-step process to arrive at DE for a business. More than a dozen specific income or expense transactions will be addressed. In addition, attendees will have the opportunity to ask questions that are specific to their situation.