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Overview

Approx 3 Hours To Complete Z - Fraud Detection in English Language

In the past various listed companies have committed financial statement frauds through creative accounting. Their motives were either to manipulate share prices for their personal gain or to gain incentives by showing good performance and hiding bad news. In current times, due to pressure from owners, lack of internal controls, and integrity, financial frauds are common and cost huge amounts of money to the economy and business.

Syllabus

    Introduction to the course and understanding fraud's anatomy

    Different methods of committing financial frauds

    Practical example to explain different methods

What you will learn

  • Meaning of financial fraud

  • Defining financial statement fraud

  • Cost of financial fraud

  • Who commits fraud and why & how they commit fraud

  • Conceptual framework of financial statements

  • Qualitative characteristics of financial statements

  • Methods of committing financial fraud

  • Method 1 of financial fraud – false revenue and how to detect

  • Method 1 – Fictitious revenue part 2

  • Method 2 – Timing difference in recognizing revenue and expenses

  • Method 3 – Concealment of liabilities

  • Method 4 – Improper disclosure as financial fraud

  • Additional red-flags for method 4 – improper disclosures

  • Method 5 – Improper asset valuations

  • Understanding revenue falsification through example

  • How to catch falsification of expenses to improve profitability

  • Financial frauds in assets

  • Financial statement fraud in liabilities side

  • Deterrence of financial fraud

About the instructor

Manish Gupta
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  • 1 Students
  • 13 Courses
  • Manish Gupta

    Skills :Business & Finance,Data Science,Accounting & Tax

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    Course Features

  • Lectures 19
  • Quizzes 0
  • Duration 3 Hours
  • Skill level Beginner
  • Language English
  • Assessments Yes