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Course 141002 - Financial Shenanigans
  Course Description
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This Course is based on the book Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports
by: Howard Schilit   (2010 )
Field of Study: Auditing
CPE Credit: 20 Hours
Level: Basic
Prereqs: None
State Exceptions: None
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Your Price:
Exam Only $102.00

This course is based on a book which is not included in this price. You are responsible for obtaining a copy of this book. We no longer sell books, but have included a link to for your convenience.
*Courses must be completed for CPE credit within one year of the date of

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Course Description:
Today's tumultuous corporate and financial markets and blinding new technologies combine to make accounting fraud much more high-impact and difficult to detect than in the past. As an investor or decision-maker, you must arm yourself with the latest investigative tools and techniques -- or run the daily risk of falling prey to these increasingly complex, costly scams and schemes. Financial Shenanigans, 2nd Edition, helps you fight fire with fire, giving you the state-of-the-art weapons you need to identify warnings of a company's problems before earnings come out and the damage becomes irreversible. It details the seven fundamental tricks that companies have used to fool auditors and investors for decades and provides updated information on how these shenanigans are being used in today's technologically advanced, financially savvy investment world. This fast-paced book provides updated explanations of how anyone can uncover and sidestep: Revenue tricks -- Side agreements lacking economic substance, investment income listed as revenue, release of revenue improperly "held back" before a merger, and more. Expense traps -- Shifting of current expenses to an earlier period, costs amortized too slowly, impaired assets not written down, and others. Liability scams -- Failure to record expenses and their related obligations, creation of sham rebates, reducing liabilities by changing accounting assumptions, and more.

Course Topics:
Improper Revenue Recognition Bogus Revenue
Expense Shifting Reduction or Elimination of Liabilities
Database Searches Analysis of Financial Reports
Detecting Financial Shenanigans Acquisition Accounting Tricks
History of Financial Shenanigans Leading the Battle to Combat Shenanigans
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