Deceptive Accounting Practices [DAP4]
Time: 8:30am-12:00pm
Subject:
Industry / Accounting & AuditingCredit Hours:
4.00Price:
Member: $150.00
Non-member: $225.00
Discussion Leader:
Stacey Painter, CPA more infoStacey 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.
Website registration for this course closes on August 17, 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