This course explores deceptive accounting practices used by companies to manipulate assets and liabilities. Participants learn about specific asset manipulation techniques such as overvaluation of inventory, overstating of accounts receivables, valuation of intangible assets, and overstating deferred tax assets. Participants also learn about liability manipulation techniques such as underreporting liabilities, off-balance-sheet financing, improper use of contingent liabilities, and hiding pension obligations. The course includes detailed examples and highlights the ethical implications and legal consequences of these practices.
Learning Objectives
- Recognize the key motivations behind deceptive accounting techniques.
- Identify areas of U.S. GAAP that are most susceptible to manipulation.
- Identify techniques used by companies to manipulate asset valuation in financial statements.
- Recognize techniques used by companies to conceal or misstate liabilities.
Last updated/reviewed: July 25, 2024
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Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
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 Instructor for this course](https://www.illumeo.com/sites/proformative.com/files/imagecache/user_image_large/pictures/picture-143074-1711439099.jpg)
Kelen CamehlCPA, MBA