This course explores deceptive accountingpractices used by companies to manipulate revenue and expenses. Participants will learn about specific revenue recognitiontechniques such as premature revenue recognition, channel stuffing, bill-and-hold arrangements. Participants will also learn about expense manipulation techniques such as capitalizing expenses, shifting expenses, and misclassifying expenses. The course includes detailed examples and highlights the ethical implicationsand legal consequences of these practices.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the key motivations behind deceptive 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
Major Topics
U.S. GAAP Susceptible to Deceptive Accounting
Enron and WorldCom
Revenue Recognition Manipulation Techniques
Channel Stuffing
Capitalizing Expenses
Misclassifying Expenses
