
An experienced finance professional with 20+ years in accounting and finance, the instructor outlines CFO roles and extensive experience with 10-K and 10-Q filings and SEC reporting.
Symbol Technologies, maker of handheld scanners, used aggressive accounting to shift revenue and expenses and booked profits not earned, including a large USPS contract, triggering an SEC fraud investigation.
Spot red flags signaling possible fraud by noting absence of checks and balances, Sarbanes-Oxley controls, related party transactions, extreme executive compensation, and weak governance from a board lacking outsiders.
Explore how companies shift current income to a later period using journal entries, reserves, and deferred revenue, and assess derivatives, acquisitions, and earnings per share smoothing as red flags.
Explore the three sections of the statement of cash flows—operating, financing, investing—and how financing inflows and selling receivables can be misclassified to inflate operating cash flow.
Identify how firms shift operating cash outflows to investing or financing sections, inflate cash flows with boomerang transactions, capitalize normal operating costs, and misclassify inventory and intangibles.
Learn how earnings and liquidity metrics can be inflated by redefining ratios, highlighting good figures, and reporting inconsistencies across filings and websites, including one-time charges and lease accounting.
Are You An Accountant, Accounting Manager, Controller or CFO?
Are You An Investor In A Company And Are Suspicious Of Their Financial Statements?
Do You Feel Your The Internal Controls For A Company Are Lacking?
Do You Suspect Fraud But Aren't Sure How To Find Items To Specifically Point To?
Do Stories Such As WorldCom, Enron, Tyco and More Make You Worried About What Could Happen In Your Company?
If You Answered "Yes" To Any Of The Above, Look No Further. This Is The Course For You!
*** Updated with new content! ***
Enroll today and join the 100,000+ successful students I have taught as a Top Rated Udemy instructor!
Three reasons to TAKE THIS COURSE right now:
You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads
You can ask me questions and see me respond to every single one of them thoroughly!
You will are being taught by a professional with a proven track record of success!
Bonus reason: Udemy has a 30 day 100% money back guarantee if for some reason you don't enjoy the course!
Recent Review:
Sam W says: "Fantastic course. Really outlines all the ways accounting fraud can happen, whether it's in a small company all the way up to multinational corporations. Amazing the things that people will do, and the possibilities. After this course I feel empowered to spot fraud in financial statements, very useful skill to have as an investor."
Why You Should Take This Course:
Unfortunately fraud exists in our society. Companies look to manipulate their financials in order to meet investor expectations, boost share price, attract investors, and for multiple and many other reasons. Don't be a victim and fooled by false financial statements any more! Whether you are a CEO who wants to verify your CFO and accounting teams work, an investor who wants to double check, an auditor whose job it is to find issues, or anyone else, this course will enlighten you to the many ways financial statements can be manipulated.
Become a financial statement pro and be able to spot fraud and manipulation with ease with this course!!
What We Do In The Course:
Learn the reasons why companies manipulate their financials
Review 4 prominent case studies: Enron, Tyco, WorldCom, Symbol Technologies
Discuss 7 earnings manipulations methods
Discuss 4 cash flow manipulations methods
Discuss 2 performance metrics manipulations methods
Put it all together - what does it all add up to
And Much More!!!
At any point if you have a question, please feel free to ask through the course forum, I'd be happy to answer any and all questions.
***CLICK "BUY NOW" AND LEARN HOW TO DETECT ACCOUNTING FRAUD! ***
About The Instructor
Chris Benjamin, MBA & CFO is a seasoned professional with over 25 years experience in accounting, finance, financial reporting, and small business, accounting fraud. Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors.
The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies. I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more.
Thank you for signing up for this course on Udemy. I look forward to being your instructor for this course and many more!
Chris Benjamin, Instructor, CFO & MBA