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Creative Accounting - Navigating the Grey Areas of Financial Reporting

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
Financial Reporting

Free (Only Today)

4 Credits

Subject Area

Accounting
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

In the complex world of financial reporting, companies may be tempted to engage in creative accounting practices to present more favorable financial statements. 

This CPE Course explores various techniques, including revenue recognition manipulation, expense shifting, and misrepresentation of assets and liabilities. We will explore how these practices, though often legal, can cross ethical lines and lead to legal consequences, harming investors, stakeholders, and the company's long-term reputation. Furthermore, we’ll discuss the moral responsibilities of accountants in maintaining transparency and the regulatory frameworks, like U.S. GAAP and IFRS, designed to prevent financial misrepresentation.

Key topics covered:

  • Creative Accounting Techniques
  • Revenue Recognition Manipulation
  • Misrepresentation of Assets
  • Ethical and Legal Implications

Participants will also learn essential audit strategies to detect creative accounting, from scrutinizing revenue recognition methods to assessing contingent liabilities. Join us as we uncover the truth behind financial manipulation and discuss ways to protect financial reporting.

Learning Objectives

  • Recognize the critical 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.

Course Qualification

Webinar Qualifies For

  • 4 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 4 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 4 CPE Credit for Certified Internal Auditors (CIA)
  • 4 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 4 CPE Credit of Accounting for Certified Management Accountants (CMA)
  • 4 CPE Credit for Certified Valuation Analyst (CVA)
  • 4 CPD Credit for Certified Financial Forensics (CFF)
  • 4 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 4 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 4 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 4 CE Credit for Certified FP&A Professional (FP&A)
  • 4 CPE Credit for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 4 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
  • 4 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 4 PL Credit of Accounting for CIPM
  • 4 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
  • 4 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

Additional details

  • Course Level :
    Basic
  • Credits :
    4
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".    

Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

About Company

Our vision is to create a world where innovation drives extraordinary contributions to humanity. This vision guides everything we do, how we do it, and why we do it. 
Our technology – a product and service portfolio of personal systems, printers, and 3D printing solutions – was created to inspire our vision and we are doing everything in our power across climate action, human rights, and digital equity to make it so. 
We believe thoughtful ideas can come from anyone, anywhere, at any time. And all it takes is one to change the world.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.
  • For Refund and Complaint Resolution Policy, CLICK HERE.

Ratings and Review

4.9

22 Ratings

Excellent

17

Very Good

3

Average

0

Poor

0

Terrible

0

EH

Emily Hagen, CMA

Dec 10th, 2024

Great course for learning about creative accounting and the risks involved.

RR

Rose Ritter, CPA (US)

Nov 18th, 2024

straight forward, good reminders

GK

Gabriel Kalmbacher, CMA

Dec 9th, 2024

Good. Liked the format as easy to fit into available time slots.

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