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FINANCIAL REPORTING AND ANALYSIS - 10 COURSE SERIES
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MANAGEMENT DISCUSSION & ANALYSIS (MD&A) – WHAT YOU NEED TO KNOW
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SEC HOT TOPICS: MD&A AND NON-GAAP FINANCIAL MEASURES
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DISCLOSURE REQUIREMENTS FOR SEC FORM 8-K
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DISCLOSURE REQUIREMENTS: REV REC, LEASES, BUSINESS COMBINATIONS, CECL & SEGMENTS
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LEASE ACCOUNTING FUNDAMENTALS
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REVENUE RECOGNITION: HOW TO IDENTIFY PERFORMANCE OBLIGATIONS
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ACCOUNTING FOR SOFTWARE – INTERNAL USE AND EXTERNAL SALES
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ACCOUNTING FOR BUSINESS COMBINATIONS
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LEASE ACCOUNTING AND REPORTING - WHAT YOU NEED TO KNOW
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LESSEE ACCOUNTING: IDENTIFICATION, CLASSIFICATION & RECOGNITION
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SEC FORM 8-K: WHEN TO FILE AND WHAT TO DISCLOSE
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CLASSIFICATION AND ACCOUNTING FOR DEBT AND EQUITY
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OVERVIEW OF THE STATEMENT OF CASH FLOWS
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WHAT YOU NEED TO KNOW ABOUT CASH FLOW
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PRINCIPLES OF FINANCIAL STATEMENT PRESENTATION
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ACCOUNTING FOR HELD FOR SALE ASSETS
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DETAILED OVERVIEW OF THE HELD FOR SALE CLASSIFICATION CRITERIA
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CASH FLOW REPORTING & OTHER FINANCIAL STATEMENT DISCLOSURE HOT TOPICS
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SUPPLIER FINANCE PROGRAMS – WHAT YOU NEED TO DISCLOSE
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KNOW THE DIFFERENCES BETWEEN AN ASSET ACQUISITION VS. BUSINESS COMBINATION
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OPTIMIZE CASH FLOW THROUGH RECEIVABLES FACTORING
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SEC PAY VERSUS PERFORMANCE DISCLOSURES – WHAT YOU NEED TO KNOW
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GOODWILL IMPAIRMENT BASICS
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HOW TO READ AND ANALIZE FINANCIAL STATEMENTS
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GOODWILL IMPAIRMENT TESTING
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EVALUATING AND PROPERLY DISCLOSING FASB ACCOUNTING STANDARD UPDATES (ASUS)
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PREPARING FINANCIAL STATEMENTS
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CURRENT ASSETS AND ASSET VALUATION
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EARNINGS MANAGEMENT
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EQUITY INVESTMENTS AND LONG-LIVED ASSETS
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INTRODUCTION TO FINANCIAL STATEMENTS AND THE ENVIRONMENT OF FINANCIAL REPORTING
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KEY SEC REGULATIONS ACCOUNTANTS SHOULD KNOW ABOUT
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Self study cpe
Earnings Management

EARNINGS MANAGEMENT

CPE Processing Fee$62.50
Webinar TranscriptionN/A
Presentation Length Hour(s)2.5 hours
CPE Credits 2.5 hours
Subject Area 2.5 - Accounting
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateFebruary 22, 2021
Date OfferedMarch 1, 2023
Expiration DateMarch 1, 2024
Course Description

This course first defines earnings management and then introduces and illustrates the two basic forms: real earnings management and accruals earnings management.  The course illustrates each form, provides a number of examples, discusses whether they are appropriate, and then creates a framework for accruals earnings management that identifies and relates the four general areas (materiality, disclosure, classification and measurement) where it is practiced.  The course concludes with a thorough discussion of why earnings management is practiced and common strategies used by companies.  Throughout the course, real-world financial statements and footnotes are analyzed. Companies featured include General Electric, Merck, Harley Davidson, Tesla, AT&T, Volkswagen, Walt Disney and others.

Learning Objectives:


  • Define earnings management.

  • Differentiate between real earnings management and accruals earnings management.

  • Identify the four general areas where accruals earnings management is practiced and be able to recognize examples of each.

  • Explain why earnings management is practiced.

  • List and identify the popular strategies used by companies to practice earnings management.

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Prattedu earningsmanagement
Additional Materials
Agenda
Webinar Technical FAQs
Review Questions
Review Questions
QUESTION 1: 00:02:55 minutes
QUESTION 2: 00:17:56 minutes
QUESTION 3: 00:17:56 minutes
QUESTION 4: 00:40:42 minutes
QUESTION 5: 00:40:42 minutes
QUESTION 6: 00:43:05 minutes
QUESTION 7: 01:04:12 minutes
QUESTION 8: 01:04:12 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Jamie Pratt held the Alva L. Prickett Chair of Accounting at the Kelley School of Business at Indiana University in Bloomington, Indiana, for 10 years and in now holds the title of Emeritus faculty.  He received his doctorate in business from Indiana University in 1977, and has held faculty positions at the University of Washington (Seattle), the University of Zurich (Switzerland), Northwestern University and INSEAD (Fontainebleau, France), returning to Indiana in 1991.

Jamie’s research interests are in financial reporting and analysis, where he has published over 30 articles in the top academic research journals (including The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Accounting, Organizations and Society, and Issues in Accounting Education), and he has taught courses in financial reporting and analysis at every level (introductory, intermediate, advanced) in every program (undergraduate, MBA, PhD).  He has received over 30 teaching awards and recognitions, and also taught executive education courses throughout the world.  Research and/or teaching recognitions have also come from the following organizations: American Accounting Association, American Taxation Association, Big 4 accounting firms (KPMG and PriceWaterhouseCoopers), Indiana Society of CPAs, the Universities of Manchester (England), Kwansei Gakuin (Japan) and Kentucky, and Business Week magazine.  His resume also includes two textbooks (one in its 11th edition), two computer-based interactive case platforms, a financial analysis case book, and several instructor guides that support these products. 

He is now CEO of PRATTedu (www.prattedu.com), which produces and delivers online video-based courses, primarily in the area of financial reporting and analysis.
 

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

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PRATTedu is an accounting CPE credit provider that offers video-based financial accounting courses that anyone can use to gain knowledge of financial statements and financial analysis.