Detecting Financial Statement Fraud Forensic Accounting

What you'll learn
Identify Frauds in Financial Statements
Understand the 5 Fraud Schemes in Financial Statement Frauds
Identification of Red Flags of the Financial Statement Fraud Schemes
Learn The Key Ratios & Parameters to detect Financial Statement Frauds
Learn Fraud Prevention Techniques
Requirements
Basic understanding of accounting
Basic ability to interpret financial statements
Description
Financial Statement Frauds constitute one of the highest median loss in occupational fraud landscape. As per Reports To The Nation Survey, 2022, published by The Association of Certified Fraud Examiners (ACFE), Financial Statement Fraud Schemes constitute 9% of the total fraud and a median loss of $593000. The top management (CXOs) are primarily responsible for such frauds. Not having ethical tone at the top and managements power to override existing controls contribute to such frauds.You will learn the following in this course:What is financial statement fraud?The Fraud TreeThe Fraud Triangle by Dr. Donald Cressey which includesressure OpportunityRationalizationFictitious RevenueRed Flags to identify Fictitious RevenueTiming DifferencesRed Flags to identify Timing DifferencesImproper Asset ValuationRed Flags to identify Improper Asset ValuationConcealed Liabilities & Expenses Red Flags to identify Concealed Liabilities & Expenses Improper DisclosuresRed Flags to identify Improper DisclosuresHow to analyse Financial StatementsVertical AnalysisHorizontal AnalysisRatio AnalysisTax Return AnalysisPrevention of Financial Statement FraudsSimple techniques and examples, illustrations have been used in an immersive way to enhance learner experience. Concepts are explained in a lucid manner enabling beginners to CXOs to understand the frauds perpetrated in financial statements.
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: Financial Statement Fraud
Lecture 2 What Is Financial Statement Fraud?
Lecture 3 The Fraud Tree
Lecture 4 The Fraud Triangle
Lecture 5 Fictitious Revenue
Lecture 6 Timing Differences
Lecture 7 Improper Asset Valuations
Lecture 8 Concealed Liabilities & Expenses
Lecture 9 Improper Disclosures
Section 3: Financial Statement Analysis
Lecture 10 What Is Financial Statement Analysis?
Lecture 11 Vertical Analysis
Lecture 12 Horizontal Analysis
Lecture 13 Ratio Analysis
Lecture 14 Tax Return Analysis
Lecture 15 Prevention Of Financial Statement Fraud
Section 4: Conclusion
Lecture 16 Conclusion
Finance enthusiasts interested in Forensic Accounting,Aspiring Certified Fraud Examiners,Management Professionals specialising in Forensic Accounting,Chartered Accountants, Cost Accountants, Company Secretaries

Homepage