Revenue Recognition-Risks NOT in the New Standard

Description

Do you know why the reasons management and clients manipulate revenue are frequently OUTSIDE the accounting records?

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Date/Time

Wednesday, July 10, 2019
Registration Time: 10:30am
10:30am – 12:30pm

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Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Auditing

Level of Knowledge

Intermediate

Designed For

CEOs, CPAs, bankers, executives, internal auditors, regulators, controllers, CFOs, attorneys, compliance officers, risk managers

Vendor

CPA Crossings

Prerequisites

None

Advanced Preparation

None

Highlights

Using 10 real cases, Gary will show you why the new monster accounting standard on revenue recognition misses simple yet crucial risks that incent entities to manipulate revenue.

  1. Pricing risks
  2. Legal risks
  3. Finding revenue of omission
  4. Risk to revenue from advertising
  5. Risk from the audit requirement to "understand the entity"
  6. How even a small amount of revenue is material
  7. Why customer payment doesn't mean that revenue was legally earned
  8. How non-financial metrics are a red flag to revenue manipulation
  9. How to link usually separate analytical procedures to find revenue fraud
  10. How to use contracts and bank loans to identify revenue risk

Objectives

After attending you will be able to:

  • Find the non-financial risks of revenue manipulation
  • Recognize where the financial statements are at risk
  • Link financial and non-financial metrics to minimize malpractice liability

Location

N/A (This is a webcast)
Member Fee $79.00
Non-Member Fee $79.00
Your Price $79.00

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