This course explores creative accountingtechniques used by companies to manipulate financial statements. Participants will learn about revenue recognitionand expense manipulation, as well as asset and liability misrepresentation. The course includes detailed case studies and examples, highlights ethical implicationsand legal consequences, and provides audit strategiesfor detecting and preventing these practices.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the key motivations behind creative accountingtechniques
Identify areas of U.S. GAAPthat 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 accountingtechniques
Identify areas of U.S. GAAPthat 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
Major Topics
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
