Course ID: DIR2

Dangers of Improper Revenue Recognition

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.


LEARNING OBJECTIVES
  • 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

MAJOR TOPICS

? 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 FOR
Practitioners in industry and in public practice.

FIELD OF STUDY
Accounting

PREREQUISITES
None

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
2.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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