Fraud Prevention/Detection/Reporting

Deceptive Accounting Practices - Revenue Recognition v2.0

This course provides an overview of deceptive accounting practices with respect to revenue recognition. This includes a discussion of the motivations for committing revenue fraud as well as deceptive financial reporting risks and practices associated with financial reporting revenue transactions. This course also addresses red flags associated with deceptive revenue practices along with revenue audit risks based on Topic 606.   

Learning Objectives:

After completing this course, you should be able to:

  • Develop a basic understanding of Topic 606 to appreciate the scope and nature of deceptive revenue recognition practices
  • Identify motivations to commit revenue fraud
  • Identify deceptive financial reporting risks and practices associated with the financial reporting of revenue transactions
  • Identify red flags associated with deceptive revenue practices
  • Identify revenue audit risks based on Topic 606


Prerequisites/Advanced Preparation:

None

Speaker / Author:

John M. Fleming, licensed as a CPA in Pennsylvania, has served as the President and Director of Accounting and Auditing for Kaplan Financial Education, powered by Loscalzo Institute and also as the Director of Content Development for Kaplan Financial Education, powered by SmartPros. John retired from Kaplan in October of 2017. In retirement, John continues to provide seminars as a discussion leader for Kaplan Financial Education on a part-time basis.

John's prior practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance.

John served as the 1999/2000 President of the 8,300 member Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA). In 2006, the PICPA recognized John as a Joseph E. Sterrett Fellow for his contributions to the accounting profession and in 2007, the Philadelphia Chapter recognized John with their Champion Award for his contributions to the PICPA, Chapter, profession and community. John has also served as the 2002/2003 President of the American Accounting Association's Mid-Atlantic Region.

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Price (USD)

Standard: $24.95

Details

Course Code : 99FLE54-v2

Release Date : 12/29/2023
Expire Date : 09/30/2025
Credits :
CPE 1.00
QAS 1.00

Length : 50min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Fraud Prevention/Detection/Reporting

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