Deceptive Accounting Practices [DAP4]

Aug 18, 2017
Time: 8:30am-12:00pm

Subject:

Industry / Accounting & Auditing

Credit Hours:

4.00

Price:

Member: $150.00
Non-member: $225.00

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Discussion Leader:

Stacey Painter, CPA    more info

Stacey Painter, CPA, is the President of LOSCALZO ASSOCIATES, LTD., a wholly-owned
subsidiary of SmartPros Ltd. Stacey has been providing technical training to audiences across
the country on subjects ranging from International Financial Reporting Standards (IFRS) and
related FASB/IASB joint projects, to regulatory reform and the Dodd-Frank Act. Her passion,
enthusiasm, energy and the ability to speak to all levels of professionals has made her a
sought-after speaker.
Stacey has over 20 years of experience in both the public and private industry. Before joining
Loscalzo Associates, Stacey spent 13 years with Resources Global Professionals, most recently as the Managing
Director of Accounting and Finance Services. In this capacity, Stacey worked with the firm’s U.S. offices in
developing go-to market strategies around accounting initiatives, as well as provided technical training on site
to firm clients.
Prior to joining Resources, Stacey was the Corporate Controller of Square Two Golf, a publicly-traded
manufacturer of golf equipment. Here she was responsible for all aspects of accounting, financial reporting
(SEC), planning and budgeting, Human Resources and Internal Control.
At the start of her career, Stacey spent 6 years at Deloitte & Touche auditing clients ranging from $10 million
to over $1 billion in revenue.
Stacey received her Bachelors in Accounting from Pace University in New York. She is a member of the
American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Stacey Painter, CPA, is the President of LOSCALZO ASSOCIATES, LTD., a wholly-ownedsubsidiary of SmartPros Ltd. Stacey has been providing technical training to audiences acrossthe country on subjects ranging from International Financial Reporting Standards (IFRS) andrelated FASB/IASB joint projects, to regulatory reform and the Dodd-Frank Act. Her passion,enthusiasm, energy and the ability to speak to all levels of professionals has made her asought-after speaker.

Stacey has over 20 years of experience in both the public and private industry. Before joiningLoscalzo Associates, Stacey spent 13 years with Resources Global Professionals, most recently as the ManagingDirector of Accounting and Finance Services. In this capacity, Stacey worked with the firm’s U.S. offices indeveloping go-to market strategies around accounting initiatives, as well as provided technical training on siteto firm clients.

Prior to joining Resources, Stacey was the Corporate Controller of Square Two Golf, a publicly-tradedmanufacturer of golf equipment. Here she was responsible for all aspects of accounting, financial reporting(SEC), planning and budgeting, Human Resources and Internal Control.

At the start of her career, Stacey spent 6 years at Deloitte & Touche auditing clients ranging from $10 millionto over $1 billion in revenue.

Stacey received her Bachelors in Accounting from Pace University in New York. She is a member of theAmerican Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

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Website registration for this course closes on August 11, 2017. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Deceptive Accounting Practices (DAP4)

August 18, 2017

ACS Business Technology Center
600 East 36th Avenue, Suite 100
Anchorage, AK

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

This program will discuss:
- The accounting stories behind numerous famous financial statement frauds and failed audits, such as McAfee, Parmalat, and WorldCom
- Deceptive accounting practices, specifically revenue recognition
- A forensic approach to recognize the warning signs in areas such as revenue recognition, significant estimates, and choices among accounting methods

Major Topics:
- Back to the basics-live cases dealing with improper revenue recognition and other misleading practices
- When is revenue "real"
- Reserves, accruals, writedowns, and asset impairments
- Significant estimates
- Fair value abuses

Learning Objectives:
Identify creative accounting practices used to deceive financial statement users
Identify those risk characteristics normally associated with fraudulent financial reporting
Emphasize improper revenue recognition practices and techniques to identify them

Designed For: Practitioners in industry and public practice

CPE Credits: 4, Accounting & Auditing

Level of Knowledge: Basic

Prerequisite: None

Acronym: DAP4

Discussion Leader: Stacey Painter, CPA