Deceptive Accounting Practices: Asset & Liability Manipulation

Course Overview
This course explores deceptive accounting practices used by companies to manipulate assets and liabilities. Participants will learn about specific asset manipulation techniques such as overvaluation of inventory, overstating of accounts receivables, valuation of intangible assets, and overstating deferred tax assets. Participants will also learn about liability manipulation techniques such as underreporting liabilities, off-balance-sheet financing, improper use of contingent liabilities, and hiding pension obligations.  The course includes detailed examples and highlights the ethical implications and legal consequences of these practices.

Learning Objectives
Upon completion of this course, you will be able to:
       •    Recognize the key motivations behind deceptive accounting techniques
       •    Identify areas of U.S. GAAP that are most susceptible to manipulation
       •    Identify techniques used by companies to manipulate asset valuation in financial statements
       •    Recognize techniques used by companies to conceal or misstate liabilities

New Course 7/11/24

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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