Examine methods to prepare fair financial reports while protecting yourself from accusations of fraud. Using practical case studies, you’ll learn to apply FASB standards and concept statements to prepare financial statements that meet user expectations. You’ll also study the relationship between risks, controls and financial reporting. Consider how earnings management, the new revenue standard, and other factors impact the risk of fraud.
Financial reporting fraud. Financial reporting objective. Earnings management. Accounting standards. Financial reporting controls. FASB concept statements.
Experience with preparing or reviewing financial reports.
Internal accountants, financial executives and accountants in public practice.
Recognize characteristics of useful financial statements. Recognize characteristics of fraud in financial reporting. Identify implicit assertions in financial statements. Determine risks that affect financial reporting related to fraud and other factors. Identify financial reporting controls. Determine ways to minimize the risk associated with fraud in financial reporting. Identify ways to avoid the consequences of failing to meet the expectations of financial statement users.
Richard Ferdinand is the Chief Financial Officer of Werner Publishing Company, a publisher of special interest magazines in the fields of aviation, photography, and golf. Mr. Ferdinand previously spent 20 years in the public sector as a sole practitioner specializing in audits, accounting and review services and special consulting engagements.
Rich is a past recipient of the Outstanding Instructor Award from the AICPA and the California CPA Foundation award for Instructor Excellence. He received his MBA from the University of Chicago and B.A. in mathematics from Colgate University.
Non-Member Price $399.00
Member Price $299.00