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A financial statement can be misleading while arguably following legitimate accounting standards. There are areas of flexibility in the standards where aggressive application of the rules can make a company look like it is doing better or worse than it really is. You will be better equipped to protect your client, firm and yourself. You will learn what to look for, and be better able to ask the right questions. You will learn tip-offs that warn of a likely misstatement or deception in a financial report. Topics covered include revenue recognition, expense accruals, asset write-downs, capitalization vs. expensing, depreciable assets and more.
A basic knowledge of financial statements is necessary in order to get the most from this program.
1 Alabama CLE Credit
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