Financial Accounting and Detecting Fraud Training

Course Info

Length: 1 Week

Type: Online

Available Dates

Fees

  • Dec-30-2024

    1,790

  • Jan-06-2025

    1,790

  • Feb-03-2025

    1,790

  • Mar-03-2025

    1,790

  • Apr-07-2025

    1,790

  • May-05-2025

    1,790

  • June-02-2025

    1,790

  • July-07-2025

    1,790

  • Aug-04-2025

    1,790

  • Sep-01-2025

    1,790

  • Oct-06-2025

    1,790

  • Nov-03-2025

    1,790

  • Dec-08-2025

    1,790

Course Details

Course Outline

5 days course

 

Financial Accounting Review
 
  • Structure of financial reports
  • Regulation of financial reporting
  • Financial reporting standards
  • The Analysis of Financial Reports
  • Detecting bias in accounting numbers
  • Qualitative analysis: what people say and what they might mean

 

Creative Accounting
 
  • What is creative accounting and why is it a bad thing?
  • Inappropriate accruals, estimates, and excessive provisions
  • Identifying premature revenue recognition and fictitious revenue
  • Aggressive capitalisation
  • Creative income statements: classification and disclosure
  • Problems with cash flow reporting

 

Forensic Accounting

 

  • The basics of forensic accounting
  • The need for Sarbanes-Oxley
  • The going concern concept in greater detail
  • Cases in which forensic accounting was used
  • Off balance sheet finance
  • Introduction to Benford’s Law

 

The role of the auditor nd detecting fraud
 
  • The Role of the Auditor in the Prevention and Detection of Fraud
  • Deterring Fraud – The fraud triangle
  • The COSO “Internal Control – Integrated Framework,” (COSO Model)
  • 20 ways to detect fraud
  • Identifying fraud using time series analysis
  • Fraud risk assessments

 

Tools for Detecting Fraud

 

  • Further Statistical Analysis of accounting and other data
  • Further application of Benford’s Law
  • Chi Square and Kolmogorov Smirnoff Tests
  • Mean Absolute Deviation test
  • Mantissa Arc Test

Course Video