This course explores creative accounting techniques used by companies to manipulate financial statements. Participants 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.

Learning 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.
Last updated/reviewed: July 25, 2024
4 Reviews (20 ratings)

Reviews

4
Member's Profile
Lots of useful information. However, the information in this course is pretty much the same as in two other courses by the same presenter: "Deceptive accounting practices" and "beyond numbers; Understanding Earnings management".
5
Anonymous Author
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5
Member's Profile
Good refresher and reminder of the "grey" areas in the accounting world.
5
Member's Profile
Helpful course to remind you on the importance of creative accounting
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
COURSE MATERIAL
  Creative Accounting: Navigating the Grey Areas of Financial Reporting (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam