Course Information
How Financial Statements are Manipulated
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 |
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
Course Details
Category: Accounting and Auditing
Field of Study: Accounting
Passing Score: 70%
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