• Course Information

    Title: How Financial Statements are Manipulated
    Category: Accounting and Auditing
    Field of Study: Accounting
    Course Code: A021-0658
    CPE Credits: 2.0
    Price: $19.95
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Description

Description:
This course defines earnings management and then introduces and illustrates the two basic forms: real earnings management and accruals earnings management. It illustrates each form, provides a number of examples, discusses whether they are appropriate and then creates a framework for accruals earnings management that identifies and relates the four general areas (materiality, disclosure, classification and measurement) where it is practiced. The video concludes with a thorough discussion of why earnings management is practiced, and common strategies used by companies. Throughout the video real-world financial statements and footnotes are analyzed. Companies featured include General Electric, Merck, Harley Davidson, Tesla, AT&T, Volkswagen, Walt Disney and others.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: James Pratt

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Publication Date: 08/11/2021

Technical Details: Accounting: Technical

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Objectives

Objectives:
1. Recognize why earnings management is practiced.
2. Differentiate between real earnings management and accruals earnings management.
3. Identify the four general areas where accruals earnings management is practiced and examples of each.
4. Identify the popular strategies used by companies to practice earnings management.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers : CPA

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