Creative Accounting: Navigating the Grey Areas of Financial Reporting FLEXCAST

Overview

This course explores creative accounting techniques used by companies to manipulate financial statements. Participants will learn about revenue recognition and expense manipulation, as well as asset and liability misrepresentation. The course includes detailed case studies and examples, highlights ethical implications and legal consequences, and provides audit strategies for detecting and preventing these practices.

Highlights

Motivations behind creative accounting. U. S. GAAP susceptible to creative accounting. Ethical implications and legal consequences of creative accounting. The role of corporate governance. Channel stuffing. Overstating asset lives. Underreporting liabilities. Hiding pension obligations. Misclassifying debt as equity.

Prerequisites

None.

Designed For

CPAs, CEOS, CFPs, and other financial managers.

Objectives

Recognize the key motivations behind creative accounting techniques. Identify areas of U. S. GAAP that are most susceptible to manipulation. Identify techniques used by companies to manipulate revenue in financial statements. Recognize techniques used by companies to conceal or misstate expenses. Identify techniques used to manipulate asset values and liability balances. Recognize the key motivations behind creative accounting techniques. Identify areas of U. S. GAAP that are most susceptible to manipulation. Identify techniques used by companies to manipulate revenue in financial statements. Recognize techniques used by companies to conceal or misstate expenses. Identify techniques used to manipulate asset values and liability balances.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.