Manipulating Financial Statements 2 Credits
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When the economy slows and Wall Street gets jittery, concerns grow as companies are desperate to keep up earnings and stock prices.
And the result is?
Earnings Overstatement!
In this CPE course, Professor Jamie Pratt, CPA first defines earnings management and then introduces and illustrates the two basic forms: real earnings management and accruals earnings management. He illustrates each form, provides several 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 CPE webinar concludes with a thorough discussion of why manipulation in financial statements through earnings management is practiced and common strategies used by companies.
Throughout the CPE course, real-world financial statements and footnotes are analyzed. Companies featured include General Electric, Merck, Harley Davidson, Tesla, AT&T, Volkswagen, Walt Disney, and others.
Major Topics highlighted in this online Accounting CPE webinar: -
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 2 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 2 CPE | Eligible |
| Accounting for Chartered Financial Analyst (CFA) | 2 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 2 CPE | Eligible |
| Accounting for Certified Government Financial Manager (CGFM) | 2 CPE | Eligible |
| Accounting for Internal Audit Practitioner (IAP) | 2 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 2 CPE | Eligible |
| Accounting for Qualification in Internal Audit Leadership (QIAL) | 2 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 2 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 2 CPE | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 2 CPE | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 2 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 2 CPD | Eligible |
| Accounting for CIPM | 2 PL | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 2 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 2 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 2 CPE | Eligible |
| Accounting for Chartered Financial Analyst (CFA) | 2 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 2 CPE | Eligible |
| Accounting for Certified Government Financial Manager (CGFM) | 2 CPE | Eligible |
| Accounting for Internal Audit Practitioner (IAP) | 2 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 2 CPE | Eligible |
| Accounting for Qualification in Internal Audit Leadership (QIAL) | 2 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 2 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 2 CPE | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 2 CPE | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 2 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 2 CPD | Eligible |
| Accounting for CIPM | 2 PL | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 2 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 2 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 2 CPE | Eligible |
| Accounting for Chartered Financial Analyst (CFA) | 2 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 2 CPE | Eligible |
| Accounting for Certified Government Financial Manager (CGFM) | 2 CPE | Eligible |
| Accounting for Internal Audit Practitioner (IAP) | 2 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 2 CPE | Eligible |
| Accounting for Qualification in Internal Audit Leadership (QIAL) | 2 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 2 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 2 CPE | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 2 CPE | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 2 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 2 CPD | Eligible |
| Accounting for CIPM | 2 PL | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 2 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 1.5 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 1.5 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 1.5 CPE | Eligible |
| Financial Reporting for Accredited in Business Valuation (ABV) | 1.5 CPD | Eligible |
| Accounting for Chartered Financial Analyst (CFA) | 1.5 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 1.5 CPE | Eligible |
| Accounting for Certified Government Financial Manager (CGFM) | 1.5 CPE | Eligible |
| Accounting for Internal Audit Practitioner (IAP) | 1.5 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 1.5 CPE | Eligible |
| Accounting for Qualification in Internal Audit Leadership (QIAL) | 1.5 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 1.5 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 1.5 CPE | Eligible |
| Financial accounting for Certified Valuation Analyst (CVA) | 1.5 CPE | Eligible |
| Accounting for CIPM | 1.5 PL | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 1.5 CPD | Eligible |
| Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 1.5 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 1.5 CE | Eligible |
Credits
Course Level
Instructional Method
Pre-requisites
Advance Preparation
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Jamie Pratt was the Alva L. Prickett Chair of Accounting at the Kelley School of Business at Indiana University in Bloomington, Indiana, and now holds the title of Distinguished Emeritus Professor. He received his doctorate in business from Indiana University in 1977, and has held faculty positions at the University of Washington (Seattle), the University of Zurich (Switzerland), Northwestern University and INSEAD (Fontainebleau, France), returning to Indiana in 1991.
Jamie’s research interests are in financial reporting and analysis, where he has published over 30 articles in the top academic research journals (including The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Accounting, Organizations and Society, and Issues in Accounting Education), and he has taught courses in financial reporting and analysis at every level (introductory, intermediate, advanced) in every program (undergraduate, MBA, PhD). He has received over 30 teaching awards and recognitions, and also taught executive education courses throughout the world. Research and/or teaching recognitions have also come from the following organizations: American Accounting Association, American Taxation Association, Big 4 accounting firms (KPMG and PriceWaterhouseCoopers), Indiana Society of CPAs, the Universities of Manchester (England), Kwansei Gakuin (Japan) and Kentucky, and Business Week magazine. His resume also includes two textbooks (one in its 11th edition), two computer-based interactive case platforms, a financial analysis case book, and several instructor guides that support these products.
He is now CEO of PRATTedu (www.prattedu.com), which produces and delivers online video-based courses, primarily in the area of financial reporting and analysis.
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
JN
The presenter did a great job highlighting different methods employed by companies to manage their earnings. I really appreciate the real life examples he shared, many from large companies we are all familiar with.
PS
Really good overview that was easily followed and understandable. I enjoyed the real life examples provided by the presenter to enhance the dialogue provided. Very good presentation.
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