Financial Accounting and Detecting Fraud Training
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Course Details
Introduction
Objective
Who should attend
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Financial statements are the language of business — but like any language, they can be misused. When numbers are manipulated, intentionally or otherwise, the consequences go beyond just bad data. It can mean misstated performance, lost trust, and in some cases, outright fraud.
This Financial Accounting and Detecting Fraud Training course is built for people who want to go beyond surface-level analysis and understand how the numbers really work — and how they can be distorted. Over five days, we’ll dig into the core principles of financial accounting, and then move into the more complex terrain of creative accounting, forensic techniques, and statistical tools for spotting fraud.
We’ll talk about how manipulation happens — things like premature revenue recognition, off-balance sheet strategies, and overly aggressive estimates — and how to identify red flags early. You’ll also get hands-on with tools like Benford’s Law, Chi-Square tests, and other anomaly detection methods that forensic accountants and auditors rely on to uncover hidden issues.
Course Outline
Introduction to Financial Accounting
- Definition of financial accounting and types of financial statements:
- Balance sheets
- Income statements
- Cash flow statements
- Exploring financial reporting framework and standards:
- IFRS
- GAAP
- Techniques and tools for analyzing and interpreting financial reports
- Methods for detecting bias in accounting numbers
- Introduction to qualitative analysis and its techniques
- Activity: Analyzing and interpreting real-world financial statements
