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Revenue Recognition—Risks NOT in the New Standard Webinar
Revenue Recognition—Risks NOT in the New Standard Webinar
Details
Pricing
PICPA Member: $79 | Nonmember: $104
More Information
Course No.
GZRRTRN2
Level
Intermediate
Note
This webinar is hosted by PICPA's partner, CPA Crossings. After registering, you will receive an email from CPA Crossings with the log-in information.
Description
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:
- Pricing risks
- Legal risks
- Finding revenue of omission
- Risk to revenue from advertising
- Risk from the audit requirement to “understand the entity”
- How even a small amount of revenue is material
- Why customer payment doesn’t mean that revenue was legally earned
- How non-financial metrics are a red flag to revenue manipulation
- How to link usually separate analytical procedures to find revenue fraud
- How to use contracts and bank loans to identify revenue risk
Speaker(s)
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