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Ethics and Earnings Management

  • CPA/ABV
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL

Published: November, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • Responsibilities of professional accountant in business
    11 mins
  • Is the earnings management ethical?
    20 mins
  • AT&T Income statement
    35 mins
  • Common real EM methods
    46 mins
  • Framework for accruals earnings management
    63 mins
  • Earning management: Why, How and When (Common Strategies)
    93 mins

Course Description

Is it ethical to “manage” the earnings number?

Is it ethical to use legitimate discretion in the preparation of the financial statements to manage the numbers in a way that serves the interests of the manager independent of whether it serves the interest of the firm’s owners?

This CPE webinar begins by creating an ethical framework based on the professional code of ethics. Then cover the what, why, how, and when of earnings management behavior, describing and illustrating the variety of ways in which managers use their discretion in operating, investing, financing, and reporting decisions to influence the financial reports.

In the vast majority of these cases, the speaker of this course relies on real-world examples, taken from publicly-available financial statements that received unqualified audit opinions. For the various categories of earnings management, the speaker considers how they can be evaluated within the ethical framework established at the beginning of the course.

The result is an informed and thoughtful approach to assessing whether a given earnings management practice is consistent with professional ethics, a valuable tool whether you are an external auditor reviewing a set of statements, a preparer of the statements, or an outsider attempting to determine the usefulness of the statements.

Learning Objectives

  • To describe the major elements of the accounting professional code of ethics. 
  • To define earnings management and link it to the elements of the code of ethics. 
  • To explain why earnings management is practiced. 
  • To list and describe the two basic forms of earnings management: real and reporting.
  • To identify common situations when earnings management is practiced. 

Recommended For

  • This Online Continuing Professional Education webinar is recommended for PAs, CIAs, CVAs, ABVs, Accounting Managers or Directors, Chief Accounting Officers, CEOs, CFOs, Finance Professionals, and Business Owners interested in the concept of earnings management and who want to understand whether a given earnings management practice is consistent with professional ethics.

Who Should Attend?

  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm

Course Qualification

Webinar Qualifies For

  • 3 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 3 CPE Credit for Internal Audit Practitioner (IAP)
  • 3 CPE Credit for Certified Valuation Analyst (CVA)
  • 3 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 3 CPE Credit for Certified Management Accountants (CMA)
  • 3 CPE Credit of Accounting & Auditing for Certified Internal Auditors (CIA)
  • 3 CPD Credit for Accredited in Business Valuation (ABV)

Presenter

About Presenter

Jamie Pratt, CPA

Chief Executive Officer (CEO) PRATTedu

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.

About Company

Are you a beginner in the world of financial analysis, a CPA, or somewhere in between? Are you looking for an edge in your education but don’t have much free time?  Prattedu is for you!  Prattedu’s video-based courses will provide a powerful perspective on what is required for success in business and, if you are CPA, you will earn CPE credits as well!

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.
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  • 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.
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Ratings and Review

4.4

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