Fraud: Focus on Inventory

Fraud: Focus on Inventory, available at $49.99, has an average rating of 4.63, with 9 lectures, 2 quizzes, based on 4 reviews, and has 14 subscribers.

You will learn about Explore the penalties for asset misappropriation. Recognize the definitions of inventory and other assets. Identify types of inventory fraud and relevant red flags within the raw materials and Work in Process (WIP) categories. Explore the concept and relevant red flags for misstating inventory value. Explore the concepts and red flags of accounting inventory type frauds. Identify prevention methods for inventory fraud. Explore the concept and relevant red flags for “other assets” fraud. This course is ideal for individuals who are Anyone interested in Accounting, Finance, Risk Management, Inventory Management or related fields. It is particularly useful for Anyone interested in Accounting, Finance, Risk Management, Inventory Management or related fields.

Enroll now: Fraud: Focus on Inventory

Summary

Title: Fraud: Focus on Inventory

Price: $49.99

Average Rating: 4.63

Number of Lectures: 9

Number of Quizzes: 2

Number of Published Lectures: 9

Number of Published Quizzes: 2

Number of Curriculum Items: 11

Number of Published Curriculum Objects: 11

Original Price: $39.99

Quality Status: approved

Status: Live

What You Will Learn

Explore the penalties for asset misappropriation.
Recognize the definitions of inventory and other assets.
Identify types of inventory fraud and relevant red flags within the raw materials and Work in Process (WIP) categories.
Explore the concept and relevant red flags for misstating inventory value.
Explore the concepts and red flags of accounting inventory type frauds.
Identify prevention methods for inventory fraud.
Explore the concept and relevant red flags for “other assets” fraud.

Who Should Attend

Anyone interested in Accounting, Finance, Risk Management, Inventory Management or related fields.

Target Audiences

Anyone interested in Accounting, Finance, Risk Management, Inventory Management or related fields.

The Association of Certified Fraud Examiners (ACFE) has developed a fraud tree which categorizes types of fraud schemes into the following three primary areas:

Corruption
Asset Misappropriation
Financial Statement (FS) Fraud

Previous courses have addressed corruption and asset misappropriation related to fraudulent disbursements and financial statement fraud. This course addresses asset misappropriation – specifically related to inventory and other assets.

To identify how fraud can be mitigated, individuals must understand the types of fraud most prevalent to their business. Asset misappropriation is a scheme in which an employee steals or misuses the employing organization’s resources. Considering inventory and other assets, there are multiple methods in which fraud can occur. These extend through the raw materials, work in process, and final goods stages. It can relate to employee theft, vendor fraud or accounting irregularities. This session will focus on the many methods involved in inventory fraud.

This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction to Fraud Tree: Focus on Inventory and Other Assests

Lecture 2: Inventory and Other Assests

Lecture 3: Types of Inventory Fraud: Raw and Materials/WIP

Lecture 4: Red Flags

Lecture 5: Misstating Inventory Balances

Lecture 6: Prevention

Lecture 7: Other Assets

Chapter 2: Supporting Materials

Lecture 1: Slides: Fraud Tree: Focus on Inventory

Lecture 2: Fraud Tree: Focus on Inventory Glossary/Index

Chapter 3: Review and Test

Instructors

Illumeo Learning
Condensed and Efficient Courses for Busy Professionals
Lynn Fountain (Illumeo)

Rating Distribution

1 stars: 0 votes
2 stars: 0 votes
3 stars: 1 votes
4 stars: 0 votes
5 stars: 3 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

Menu