LOADING

Creative Accounting: Potential Areas and Case Studies

Analysis of a number of potential areas and review of recent interesting cases.

Artem Zavertalyuk
Senior Finance Effectiveness professional with 22+ years of experience in automation of finance processes and financial technology solutions.
About This Event

We will discuss a number of recent notable cases of creative financial reporting from the companies listed on the Global stock markets in a number of industries, including coffee sales, cannabis production and the construction of battleships for the US Navy. We discuss a number of major reporting areas, like revenue reporting, consolidations and groups and intangible assets.

During the webinar we will share the experience and discuss several obvious potential areas of creative accounting with reference to the recent cases of fraud in the financial reporting from both the US and European markets, including:Case of Luckin Coffee: fraud with fake revenues of $310 million from sales of coffee.

Case of Surgalin (RTI): 5-year fraud with revenue pull-forwards or how to meet expectations and earn bonuses.
Case of Austal: fraud with revenue recognition from the construction of battleships under the contract with the US Navy.Case of Accelera: how to overstate revenues by 90% as a result of improper consolidationCase of CannaVEST: how to add $34 million to the company’s assets out of nowhere in the cannabis business.

Meet the Speaker : Artem ZavertalyukArtem’s area of professional interest over the past 22 years is financial reporting and methodology for automation of various areas of finance (reporting, budgeting, treasury).During these projects, his team often met complex accounting issues where the existing financial reporting standards (IFRS or US GAAP) allow significant judgment to be made for the management.In his experience, despite the fact the accounting standards are quite well developed there is still a huge amount of judgment on the side of the company’s management. As a result, the difference between fair and misleading application of the standards is very subtle.

June 14, 2023
11:00 am
 - 
12:00 pm
[GMT +4]
more great events

You May Also Be Interested In

Day 4
  —  
1:00 pm

Business Transformation with the 17 SDGs

The 17 SDGS (Sustainable Development Goals) are amazing business realization tools, that benefits any company of any industry and size.

  —  
2:30 pm

New winners in B2B sales

Learn more insights into how digitalisation has created lasting changes in the way we buy and sell in B2B sales.

  —  
4:00 pm

Elevate your Sales Game: The 2023 Booster

Focuses on creating the foundation for success in sales and marketing.

Day 3
  —  
3:00 pm

Digital Business Enablement done right - fast, simple and inexpensive

Learn how digital business is a paradigm shift from simple digital transformation that helps businesses respond to their respective markets better and deliver what matters most to customers.

  —  
11:00 am

Win more orders with a sales and marketing playbook

Learn how to work agile and dynamically with your sales and marketing playbook to do better than similar companies in the same industries.

Day 5
  —  
10:00 am

How To Increase Your E-commerce conversion by 30%

Get an over all experience about how to increase e-commerce sales, strategy, tactics and best practices

See All Events

Location

Suite 304, Saaha Offices B,
Old Town Island, Downtown Dubai,
Dubai, U.A.E.

Follow Us

Contact Us