Revenue Recognition—Risks NOT in the New Standard (C47878)


Cancellation Policy

Please note that this webinar Is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do Not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

12/04/2020

Registration Open:

12:00 AM - 2:30 PM

Time:

2:30 PM - 4:30 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.00

Field(s) Of Study:

Auditing (2.00)

Level of Knowledge:

Intermediate

Price:

Member: $79.00
Nonmember: $99.00

Individual Discounts:

Not Available

Overview

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

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

Speaker(s)

Prerequisites

None