Course ID: DAP4

Deceptive Accounting Practices

This program will discuss: ? The accounting “stories” behind numerous famous financial statement frauds and failed audits, such as McAfee, Parmalat, and WorldCom ? Deceptive accounting practices, specifically revenue recognition ? A forensic approach to recognize the warning signs in areas such as revenue recognition, significant estimates, and choices among accounting methods


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 ? Emphasize improper revenue recognition practices and techniques to identify them

MAJOR TOPICS

? Back to the basics-live cases dealing with improper revenue recognition and other misleading practices ? When is revenue “real” ? Reserves, accruals, writedowns, and asset impairments ? Significant estimates ? Fair value abuses


DESIGNED FOR
Practitioners in industry and in public practice.

FIELD OF STUDY
Accounting

PREREQUISITES
None

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
4.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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