How Financial Statements Are Manipulated (CPA)
Estimated Time: 2 hours
$31.00 $39.00
Earn 2 Points for Completing
This course is the final course in the 8 - course series on financial reporting and analysis offered by PRATTedu. In this single video course , Professor Pratt 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 video concludes with a thorough discussion of why earnings management is practiced and common strategies used by companies. Throughout the video real - world financial statements and footnotes are analyzed. Companies featured include General Electric, Merck, Harley Davidson, Tesla, AT&T, Volkswagen, Walt Disney and others. Course Type: Video. Worth 2 Technical CPE Credits (CPA/NASBA).
Credits
2 CPE Credits
Learning Objectives
- Define earnings management
- Differentiate between real earnings management and accruals earnings management
- Identify the four general areas where accruals earnings management is practiced and be able to recognize examples of each
- Explain why earnings management is practiced
- List and identify the popular strategies used by companies to practice earnings management
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Field of Study: Accounting - Prerequisites & Advanced Preparation: None - CPE Credit Type: Technical - Delivery Method: QAS Self Study - For more information regarding administrative policies such as complaint and refund, please contact our Customer Success team at support@vtrpro.com or visit our Help webpage.
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