Revenue Recognition-10 Risks NOT in the New Standard

The start date for this course has passed. Registration is no longer available.

This course is 2.00 credits
Instructor
Gary Zeune, CPA MAcct
Field of Study
Auditing
Course Level
Intermediate
Vendor
CPA Crossings LLC

Instructor

Gary Zeune, CPA MAcct

Registration Fees

MSCPA-AICPA Member
$79.00
MSCPA Member
$79.00
AICPA Member
$79.00
Non-Member
$79.00
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Monday, Feb 12, 2018
2:00pm – 4:00pm

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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 either during or after the event.
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 either during or after the event.

Designed For

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

Course 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

Major Subjects

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

Prerequisites

None

The start date for this course has passed. Registration is no longer available.