Dangers of Improper Revenue Recognition

Overview

Headline after headline points out how pervasive improper revenue recognition has become. Through lecture and short case write-ups, this program will identify improper revenue recognition techniques. In addition, the program will address quality of earnings, which is in the forefront of this scandal-ridden environment.

Prerequisites

None

Designed For

Accountants and auditors in public and private practice

Objectives

• Identify creative accounting practices used in revenue recognition to deceive financial statement users • Identify those risk characteristics normally associated with fraudulent financial reporting • Apply accounting rules the right way

Preparation

None