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FIN990-6
6 Day Training (including 1 day Workshop)

Understanding & Detecting Creative Accounting Practices

1 Day Workshop and Building Skills & Competencies in

  1. Aggressive Accounting
  2. Earnings Management
  3. Income Leveling
  4. Fraudulent Financial Reporting
www.eurotraining.com/bro/fin990-6.php

6 Day Training (including 1 day workshop)

27 Aug-1 Sept 17
(Dubai, UAE)
3-8 Sept 17
(Dubai, UAE)
10-15 Sept 17
(Dubai, UAE)
17-22 Sept 17
(Dubai, UAE)
17-22 Sept 17
(London, UK)
24-29 Sept 17
(Dubai, UAE)
24-29 Sept 17
(Madrid, Spain)
1-6 Oct 17
(Dubai, UAE)
1-6 Oct 17
(Valencia, Spain)
8-13 Oct 17
(Dubai, UAE)
8-13 Oct 17
(Limassol, Cyprus)
15-20 Oct 17
(Dubai, UAE)
15-20 Oct 17
(Istanbul, Turkey)
22-27 Oct 17
(Dubai, UAE)
22-27 Oct 17
(New Delhi)
29 Oct-3 Nov 17
(Dubai, UAE)
29 Oct-3 Nov 17
(Doha, Qatar)
5-10 Nov 17
(Dubai, UAE)
5-10 Nov 17
(Kuwait)
12-17 Nov 17
(Dubai, UAE)
12-17 Nov 17
(New York, USA)
19-24 Nov 17
(Dubai, UAE)
19-24 Nov 17
(Houston, USA)
26 Nov-1 Dec 17
(Dubai, UAE)
26 Nov-1 Dec 17
(Orlando, FL, USA)
3-8 Dec 17
(Dubai, UAE)
3-8 Dec 17
(Los Angeles, CA, USA)
10-15 Dec 17
(Dubai, UAE)
10-15 Dec 17
(San Francisco, USA)
17-22 Dec 17
(Dubai, UAE)
17-22 Dec 17
(London, UK)
24-29 Dec 17
(Dubai, UAE)
24-29 Dec 17
(New York, USA)
31 Dec 17 - 5 Jan 18
(Dubai, UAE)
31 Dec 17 - 5 Jan 18
(Limassol, Cyprus)

Useful Links


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What is covered in this Program?

  1. This program will help you understand and identify manipulation in financial reports often on the borderline of GAAP and sometimes Despite GAAP.
  2. This program will provide the participant understanding of how to avoid Getting Mislead by creative, not necessarily illegal, Accounting practices.

    Remember Enron classifying Maintenance as Expenses even though the benefit would have come over the refurbished equipment life, and the case of Global crossings. Both those companies became bankrupted and their Auditors disbanded before getting sued (including Arthur Anderson).

    The accounting may not be illegal from tax purposes but may mislead the potential investor. This type of accounting problems are called Creativity Accounting and my represent: Earnings Management or Income Levelling Practices.

    The program will also discuss situations of Fraudulent Financial Reporting.

Who Should Attend

  1. Program is intended for Merger & Acquisition Professionals, Auditors, Investment Decision Makers, Management Analysts.
  2. This program is also useful for Accounts and Finance Professionals, Prequalification Analysts, Investment Advisors, Government Auditors.

Program Content & Modules

Business Aspects of Corporate Accounting


  1. Legal & Regulatory Requirements
  2. Stakeholders of Accounting and Finance Data and their Needs and Expectations
  3. The Financial Numbers Game
  4. Users of Financial Statements and What they are Looking For?
  5. GAAP Key Requirements
  6. Guidelines of Financial Regulatory Agencies.
  7. Aggressive Accounting
  8. Earnings Management
  9. Income Leveling
  10. Fraudulent Reporting
  11. Creative Accounting Practices
  12. Systematic Analysis of Accounting Documents
  13. Systematic Analysis of Financial Documents
  14. The Value of Footnotes
  15. Change in Accounting Methodologies between Years
  16. Reclassification of Costs & Expenses
  17. Trending Accounting & Finance Data
  18. Benchmarking Accounting & Finance Data
  19. Evaluating Financial Ratios
  20. Evaluating Changes in Financial Ratio Trends
  21. Workshop 1
  22. Program Recommendations
  23. Participant Customized Detailed Action Plan

6 Day Training (including 1 day workshop)

Outcomes & Takeaways

Euro Training has been providing
  1. Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
  2. Multi-discipline understanding of Program Topics.
    Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
    This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
  3. Knowledge Framework outline which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
  4. Participant will learn to identify, support and implement improvements in his work area, team, section, department, and organization.
    Participant will work hands-on during the 1 day workshop where he will identify, analyze and develop implementation plan for an improvement project related to his work.
This 6 day Training participant will typically take away...
  1. Program related knowhow, skills, competencies and process knowledge.
    This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
    A 1 day improvement identification and implementation workshop.
  2. Domain Knowledge and process knowledge.
    The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
    At the end of the program, the Participant will prepare a Customized Outline Action Plan which will serve as the roadmap to implement some key improvements in his work area.

Benefits to the Organization Sponsoring Participants to this program

(Benefits made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, easy to understand and apply training methodology that relies on Industry Good and Best Benchmarked Practices)

Participant Individual Career Benefits

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
  2. Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
    The outline action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
  4. Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).

Registration Form

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Registration Information 6 Day Program

  1. To register: Please send us an official letter confirming registration (on organizational letterhead). Also send us a completed registration form ?electronically fill-able is at- available at http://www.eurotraining.com/etl-reg-6d.doc You can request or registration form by Emailing regn@eurotraining.com and eurotraining@gmail.com
  2. For Program Fee Information Email: fees@eurotraining.com . Fees are Payable by Bank Transfer or Bank Draft. Fee information is also available at: http://www.eurotraining.com/fees.pdf .
  3. Program Fee is
    • 6 day (36 hrs) Training Program:
      At Dubai, Kuwait, New Delhi, Qatar £5,100 (USD $6,500) per participant.
      At London, US Locations, Europe, Malaysia, Singapore £5,610 (USD $7,150) per participant.
      Online eTraining Fee £2,500 (USD $3,125) per participant.
    and includes Course Materials, Certificate, Refreshments and Lunch (classroom programs). www.eurotraining.com/admin/fees.php)
  4. Accommodation is not included in Program fee. Special rates will be available at venue hotel for the class room training program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Refund will not be considered where the participants cancels his registration less than 3 weeks before start of the program. Alternate nominations will be allowed anytime before program start. In case of exceptional hardship or emergency participant may be allowed to attend at another location.
  7. All participants are required to fill in Participant Information form - on first day of the program. Each program Undergoes Customization to Better Meet Participant Present and Future Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  8. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  9. Provisional Registration : You can make a provisional registration request by sending us an email with an official provisionsl registration request this will ensure we will reserve a seat for you for 14 days. After this you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Confirmation if registration is not confirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed.
  10. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.