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:

Corruption

Asset Misappropriation

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

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

Frequently Asked Questions

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