Headline after headline points out how pervasive improper revenue recognition is. Finally, the FASB has added a project to revisit revenue recognition. Through lecture and short case write-ups, this program will identify improper revenue recognition techniques. In addition, the program will address quality of earnings.so much in the forefront in this scandal-ridden environment.
Course ID: DIR2
Dangers of Improper Revenue Recognition
- Participants will be able to: ? Identify creative accounting practices used to deceive financial statement users ? Identify those risk characteristics normally associated with fraudulent financial reporting ? Apply accounting rules the right way
? General revenue recognition principles ? New revenue recognition guidance as a result of a joint FASB/IASB project ? Accounting for product financing arrangements ? Accounting for sales of real estate ? Software revenue recognition ? Service transactions and construction contracts ? Improper revenue recognition: A problem for the profession ? Other deceptive revenue recognition practices
DESIGNED FORPractitioners in industry and in public practice.
FIELD OF STUDY