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Course Details

Detecting Financial Statement Fraud: Revenue, Earnings, and Expense Manipulation (Course Id 2520)

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Author : Kelen Camehl, CPA, MBA
Course Length : Pages: 33 ||| Word Count: 13,046 ||| Review Questions: 6 ||| Final Exam Questions: 10
CPE Credits : 2.0
IRS Credits : 0
Price : $17.95
Passing Score : 70%
Course Type: NASBA QAS - Text - NASBA Registry
Technical Designation: Technical
Primary Subject-Field Of Study:

Auditing - Auditing for Course Id 2520

Description :

This course provides an overview of common fraudulent practices aimed at inflating revenue and earnings, as well as manipulating expenses. It examines the tactics used by some companies to misstate revenue, manage earnings artificially, and underreport or misclassify expenses. Understanding these fraudulent schemes allows auditors to better identify signs of manipulation.

Usage Rank : 25000
Release : 2025
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 28-Mar-2025
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - NASBA Registry - 2520

Keywords : Auditing, Detecting, Financial, Statement, Fraud, Revenue, Earnings, Expense, Manipulation, cpe, cpa, online course
Learning Objectives :

Chapter 1
Revenue and Earnings Manipulation

Upon completion of this chapter, you will be able to:
  • Identify common methods of manipulating revenue and earnings in financial statements
  • Recognize indicators of inflating earnings with non-recurring items and overstating deferred revenue
  • Distinguish between legitimate and fraudulent journal entries
  • Recognize indicators of backdating transactions and how they can impact financial reporting

Chapter 2
Expense and Liability Fraud

Upon completion of this chapter, you will be able to:
  • Identify fraudulent activities that involve understating expenses and liabilities in financial statements
  • Recognize common schemes for misclassifying financial statement items and manipulating reserves
  • Distinguish between legitimate and fraudulent lease classifications under accounting standards

Course Contents :

Chapter 1 - Revenue and Earnings Manipulation

Learning Objectives

Chapter Overview

Introduction

Non-Recurring Items

Detecting Improper Use of Non-Recurring Items

Overstating Deferred Revenue

Common Mistakes in Deferred Revenue

Intentional Mistakes in Deferred Revenue

Detecting Intentional Misstatements in Deferred Revenue

Backdating Transactions

Detecting Backdating

Fraudulent Journal Entries

Detecting Fraudulent Journal Entries

Conclusion

Review Questions

Chapter 2 - Expense and Liability Fraud

Learning Objectives

Chapter Overview

Introduction

Misclassifying Financial Statement Items

Improper Use of Reserves

Misrepresenting Lease Classifications

Structuring Transactions to Avoid Regulatory or Accounting Thresholds

Conclusion

Review Questions

Glossary of Key Terms

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