Identifying and Preventing Asset & Liability Manipulation
This course provides an in-depth exploration of deceptive accounting practices used to manipulate assets and liabilities. Participants will learn about specific techniques such as overvaluation of inventory, overstating accounts receivables, inflating fixed assets, and underreporting liabilities. Detailed examples, including high-profile cases like Enron and WorldCom, will illustrate the ethical and legal consequences of these practices.
By the end of the course, participants will comprehensively understand how to recognize and prevent these manipulative practices, ensuring accurate and ethical financial reporting.
Kelen is a recognized author and reviewer of CPE courses and has authored nearly 160 courses (380+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy". Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar, and previously served in positions in Houston, Dallas, and Budapest, Hungary. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
