Manipulating Financial Statements

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Common real EM methods

8 mins
Accruals earnings management

18 mins
Framework for accruals earning management

26 mins
Earnings management

42 mins
Joint venture using the equity method

61 mins

Course Description

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 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 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: -

Accruals earnings management
Classification of lease
Earnings management
Earnings benchmarks
Earnings per share management
Earnings management strategies
Expense management
Gains/loss management
Goodwill impairment
Off-balance sheet financing
Operating vs. non-operating lease
Real earnings management
Revenue management
Revenue recognition
Special purposes entities
Valuation

Learning Objectives

To define earnings management.
To differentiate between real earnings management and accruals earnings management.
To identify the four general areas where accruals earnings management is practiced.
To explain why earnings management is practiced.
To list and identify the popular strategies used by companies to practice earnings management.

Recommended For

This Accounting CPE course is recommended for CPAs, CIAs, CVAs, ABVs, Accounting Managers or Directors, Chief Accounting Officers, CEOs, CFOs, Finance Professionals, and Business Owners interested in the concept of earnings management.
This CPD webinar is also recommended for Canadian CPAs in understanding everything about earnings management.

Who Should Attend?

Accountant
Accounting and audit managers/practitioners
Accounting Firm
Accounting Managers
Accounting Practice Owners
Accounts Director
Bookkeepers & Accountants & Tax Preparers
Business Owner
CEO
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
CFO/Controller
Chief Accounting Officer
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Entrepreneurial CPA
Finance Pros
Senior Accountant
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
2 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
2 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
2 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
2 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
2 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
2 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
2 PL Credit of Accounting for Chartered Financial Analyst (CFA)
2 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
2 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

QAS Self Study
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

Jamie Pratt, Ph.D

Professor, 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

PRATTedu

www.prattedu.com/

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

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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.
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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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