Fraud: Focus on Financial Statement Fraud – Part One
Fraud: Focus on Financial Statement Fraud – Part One, available at $54.99, has an average rating of 4.35, with 11 lectures, 2 quizzes, based on 22 reviews, and has 107 subscribers.
You will learn about Explore the meaning of financial statement fraud. Discover the concept of revenue recognition fraud. Explore frauds and mitigating procedures related to fictitious customers. Explore cases and mitigating factors for round-tripping, consignment sales and channel stuffing. Discover revenue frauds created by special term agreements including up-front fees, side agreements and promotional allowances. Explore mitigating procedures for special term agreements. This course is ideal for individuals who are Anyone interested in Finance, Accounting, Auditing, Risk Management or related fields. It is particularly useful for Anyone interested in Finance, Accounting, Auditing, Risk Management or related fields.
Enroll now: Fraud: Focus on Financial Statement Fraud – Part One
Summary
Title: Fraud: Focus on Financial Statement Fraud – Part One
Price: $54.99
Average Rating: 4.35
Number of Lectures: 11
Number of Quizzes: 2
Number of Published Lectures: 11
Number of Published Quizzes: 2
Number of Curriculum Items: 13
Number of Published Curriculum Objects: 13
Original Price: $39.99
Quality Status: approved
Status: Live
What You Will Learn
- Explore the meaning of financial statement fraud.
- Discover the concept of revenue recognition fraud.
- Explore frauds and mitigating procedures related to fictitious customers.
- Explore cases and mitigating factors for round-tripping, consignment sales and channel stuffing.
- Discover revenue frauds created by special term agreements including up-front fees, side agreements and promotional allowances.
- Explore mitigating procedures for special term agreements.
Who Should Attend
- Anyone interested in Finance, Accounting, Auditing, Risk Management or related fields.
Target Audiences
- Anyone interested in Finance, Accounting, Auditing, Risk Management or related fields.
The Association of Certified Fraud Examiners (ACFE) fraud tree categorizes types of fraud schemes into three areas:
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Corruption
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Asset Misappropriation
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Financial Statement (FS) Fraud
Previous courses have addressed corruption and asset misappropriation. This course focuses on the areas of financial statement fraud related to revenue. Revenue processes can be complicated and provide an inherent opportunity for inappropriate activity.
Financial Statement Fraud is the deliberate misrepresentation of the financial condition of an enterprise. It is accomplished through intentional misstatement or omission of amounts or disclosures in the FS to deceive financial statement users. According to the ACFE’s Report to the Nation, in 2016, financial statement fraud comprised 9.6% of cases with a median dollar loss of $975,000. The typical duration of financial statement fraud prior to detection is 24 months.
There are numerous methods under which revenue should be recognized. Accordingly, there are numerous ways perpetrators try to side-step the process and override the proper revenue recognition requirements. Financial personnel must remain vigilant and understand the types of financial frauds that can be perpetrated in their company.
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 Focus on Financial Statement Fraud Part One
Lecture 2: Revenue Rec – FS Fraud
Lecture 3: Revenue Recognition
Lecture 4: Methods of False Revenue Recognition
Lecture 5: Round Tripping
Lecture 6: Consignment Sales
Lecture 7: Procedures
Lecture 8: Channel Stuffing
Lecture 9: Other Rev Rec Considerations
Chapter 2: Supporting Materials
Lecture 1: Slides: Focus on Financial Statement Fraud – Part one
Lecture 2: Focus on Financial Statement Fraud – Part one Glossary/Index
Chapter 3: Review and Test
Instructors
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Illumeo Learning
Condensed and Efficient Courses for Busy Professionals -
Lynn Fountain (Illumeo)
Rating Distribution
- 1 stars: 0 votes
- 2 stars: 1 votes
- 3 stars: 4 votes
- 4 stars: 2 votes
- 5 stars: 15 votes
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