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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs* (DRR)

8-Hour Program


Don’t join the growing list of accounting professionals in trouble. We will discuss:

  • The accounting “stories” behind over 40 famous financial statement frauds, such as Fannie Mae, McAfee, Parmalat, Tyco, Waste Management, and WorldCom
  • Deceptive accounting practices
  • The warning signs of problems in areas such as revenue recognition, related parties, significant estimates, capital items versus expenses, choices among accounting methods, and improper activity to evade taxes


Practitioners in industry and in public practice.


Participants will be able to:

  • 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


  • Back to the basics—U.S. GAAP revisited
  • Live cases dealing with improper revenue recognition and other misleading practices
  • When is revenue “real”
  • Related parties and other off-balance sheet schemes
  • Reserves, accruals, writedowns, and asset impairments
  • Significant estimates
  • Capitalized assets and inventory
  • Fair value abuses





  • None

ADVANCE PREPARATION: Basic familiarity with accounting standards

FIELD OF STUDY: Accounting


*Emphasizes current revenue recognition issues.

Qualifies for the 24-hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

NOTE: This course is available as an 8-hour, 4-hour, and 2-hour program:

  • Deceptive Revenue Recognition and Other Accounting Techniques – Recognizing the Warning Signs (DRR)
  • Deceptive Accounting Practices (DAP4)
  • Dangers of Improper Revenue Recognition (DIR2)

CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are 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.